Yes. The 1 sen accumulation has begun!

Sometimes, to curb the sin of soending , we must make sure that we cannot see what we have with us.

And that's what I think I am going to do.

Stash it and let it run, hide, switch off notifications or even uninstall the app for a short period of time once the username and password is set and recorded somewhere.

Set a timer in case the savings is needed in a short period of time, and let it be.

no different than storing BTC or other long term staking crypto that we trust it will not collapse overnight.

I understand that there are a lot of backlash because this is centralises banking, moreover digital banking where we can be traced, but hey, let's be practical. As long as we connected to the Internet, moreover those with mainstream media, we are traced.

Just make sure we don't place all our eggs into the same system. Spread it out, and let those that can generate income on the fly be a liquidity and the offline (solids, paper cash, hardware wallet) be the assets.

Another way to "save that few cents discount" for future payments like mortgages or maintenence fees (for those who stay in serviced areas) is to set a target when it is needed, and save up a principle that will service the interest rate by the time we need the money.

For me, in 2 month's time, I will save at least RM1 from the interest generated. My principle is RM1 less needed to set aside

This will also help me not to overspend with whatever I have now

The best part of this stash is that it is not locked like Fixed deposits. So if I need to get it out for emergency use, I can just withdraw it.

But bare in mind to keep things running smoothly, we need to set a threshold for myself that I must only withdraw if it is 50 and above.

There's always a catch somewhere. Haha. Knowing GX bank is Singapore expanded, they are extra ordinary prudent to make sure they stay in profit. So there always have a catch somewhere. So it is good to set low expectations and shorter tenure if uncertain. 🤣

How about you?

Do you have something set aside that can generate your savings on the fly (daily accumulate interest) for future bills?

This is a great way to be at least ready for unsuspected challenges (like lost of job).

Because HIVE POWER requires 13 weeks, and savings is 4 days, and there is a potential 8% loss during transition if there is no P2P peer-to-peer trade among friends, family members or community.

Would love to hear what you have available in your area if you are not in Malaysia, at least all of us are more informed and wisdom developed by knowledge gain, is power.

And may your wisdom always come from the Highest Power.
(I know where mine will come from 🙏🏼)

Until Then

Stay healthy, stay curious and learn new things, and stay happy!

If you would like to give some encouragement outside HIVE with some fiat backing, please feel free to visit: https://www.buymeacoffee.com/littlenewthings

You can also support me in HIVE

I will attempt to post all power up until Easter Sunday. This post is also helping my friend @fusion.lover who has helped me so much during my hardest time.