Saving is now a Liability

Here in the Philippines, the population of people that include in poverty is in a bigger percentage than of those wealthy people around. Filipinos are wise that they know what to do about money. They use money for business to earn some to buy such needs. They use money in a wasteful way or beneficial way. In a wasteful way, a person may not wise or doesn’t have the knowledge to convert his/her money in a qualitative and beneficial way. He/she buys a lot of things which is not necessary for the present time. In a beneficial way, a person is knowledgeable of things to make his/her money grow or benefits himself/herself.

Yesterday I was surprised by the news that Philippines is now lacking of coins. When I heard this line, I thought it was because that Filipinos used too many coins around the country that others can’t attain of it. But when I heard the reason behind, I find it ironically. One of the main reasons behind the lacking of coins here in the Philippines is that Filipinos are saved it. Filipinos are thrifty when it comes to money, most of them but not all. They save their money for future purposes or any other reasons just in case of emergency. Alkansya is widely used for this activity of Filipinos. It is a coin box or piggy banks were you can save you unused coins by gathering a lot inside of it. When the bank is full, you can now use the coins inside for anything. After emptied, you can reuse it for another gathering. This activity is very simple but effective for those spendthrift persons. Saving a small one can earn big when gathers a lot.

Filipinos are worth of their savings but now it is a liability to our country. Philippines are now lacking of coins because many Filipinos are hiding it or saving it for future and emergency purposes. If our government will produce coins to attain the loss percentage of coins, it will be another big money to on hand. I know making a coin is not that easy because you must need a lot of money in able to produce coins. Coins are made from different metals which are in high amounts if bought through a big percentage. It may be discounted if it is produced in packs but still it is another big financial involvement.

Saving is a good idea if you are overcoming your attitude of being spendthrift. But now it comes to our beloved country to be a problem and if not resolve in the future, another financial involvement may occur. Remember that issues and problems occurred when the new Philippine moneys are released recently. These moneys are released in lot of banks around the country but you know any single poor Filipino can’t earn or can’t attain this kind of money (new Philippine money) because they can’t even afford high incomes and earnings in their lives.

I suggest that if you are planning to save you coins for future or emergency purposes, don’t buy or don’t make piggy banks that is too big which is impossible to fill in full for just a year or months. And don’t save things if you can’t keep this attitude throughout the year. Coins, if earn together, can make big amount and this big amount can do big things.