3 Old-school ways of saving money that are still effective

Money has long served as the primary medium of exchange for goods and services, and over time, various methods have emerged for saving it for future use.

In the modern era, many traditional saving methods have given way to digital alternatives like cryptocurrency and online wallets.

However, a recent viral story from Kenya showed the effectiveness of traditional saving methods, sparking surprise among netizens.

A Kenyan lady showcased her savings accumulated from the beginning of 2024 to July using traditional methods.

Her approach demonstrated that saving is achievable through discipline and consistency, regardless of the method used.

Here are some traditional saving methods that remain effective today:

1. Saving Jars: Saving jars come in various forms such as buckets with lids, clay pots, and piggy banks. Individuals deposit money into these containers kept around their homes, allowing savings to accumulate over time. They break open the jars only when funds are needed.

2. Land Purchase: Buying land has historically been a way to save money and build wealth. Land ownership provides a sense of security, shielding savings from impulsive spending or loss.

3. Trusted Friends: Another traditional method involves entrusting money to trusted friends for a specified period. This arrangement ensures the safety of funds while reducing the temptation to spend impulsively.

These traditional methods illustrate that effective saving practices can endure in the modern world, offering alternatives to bank fees and the complexities of digital wallets.