differnce betwreen hoarding and saving money
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If you are keeping away money in order to delay consumption for something specific (e.g. retirement or investment) - then it's saving. So, you are saving towards something that's an investment for a better future.
If you are keeping the money away because you believe there will be a shortage of money in the future, then you are hoarding. This comes from a scarcity mindset and you will ultimately end up resisting spending money even on the things that you really need.
hope it may help you
If you are keeping the money away because you believe there will be a shortage of money in the future, then you are hoarding. This comes from a scarcity mindset and you will ultimately end up resisting spending money even on the things that you really need.
hope it may help you
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hey mate
here is ur answer
difference between saving money and hoarding.
The outcome of these two focuses is disparate, depending on the mind-set of the saver and hoarder.
A hoarder believes that a limited amount of resources is reason enough to hoard without spending. This is embedded in the fear of going broke.
Conversely, the intention of saving is to set aside a sum on money for a specific purpose or to fulfil a future goal. By saving money, you’re making an investment for a brighter future. You believe in the ability of attracting opportunities and abundance through saving to increase your wealth and ensure long-term growth.
To explain in an analogy, hoarding is if you stuff all your money in a mattress while saving is to put your funds in a bank to earn interest.
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here is ur answer
difference between saving money and hoarding.
The outcome of these two focuses is disparate, depending on the mind-set of the saver and hoarder.
A hoarder believes that a limited amount of resources is reason enough to hoard without spending. This is embedded in the fear of going broke.
Conversely, the intention of saving is to set aside a sum on money for a specific purpose or to fulfil a future goal. By saving money, you’re making an investment for a brighter future. You believe in the ability of attracting opportunities and abundance through saving to increase your wealth and ensure long-term growth.
To explain in an analogy, hoarding is if you stuff all your money in a mattress while saving is to put your funds in a bank to earn interest.
thanks
pls mark as brain list
.
komalchoudhary539:
pls mrk as brainlist
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