Saving money is crucial for a stable financial life, but many people struggle to prioritize it due to the emotional attachment we have towards money. It can be challenging to separate our emotions from our finances, and mastering this skill takes time and discipline. However, implementing a concrete plan can help us control our emotions and prioritize our savings. Many financial systems recognize this struggle and have implemented automation to assist in managing our finances.
Automation is essential for eliminating emotions and emotional control when it comes to finances. Emotional controls help us focus on our wants instead of buying what we need, which ultimately leads to a lack of savings. Emotions can make us feel that savings are insignificant, causing a major problem. This is why automation is critical, especially on Hive. In this post, I will explain why automation on Hive can benefit everyone involved, particularly those who strictly use Hive.
Auto saving on hive will be great
Hive currently allows for recurring transfers to users, but we do not have an option for recurring transfers to Savings Hive. This is surprising since Hive offers a generous 20% APR for savings, yet some individuals are still struggling to take advantage of this opportunity. It seems that some people are driven more by their emotions and we have those who prefer to invest in hive power rather than saving which is not a bad idea.
What about automation for power up
I recently experienced someone transferring Hive power to me, and it got me thinking about the possibility of automating the process of powering up on Hive. Although I'm not sure how the transfer happened, I do know that it's possible to transfer hive power to another user. If we had an automated system for powering up, it could greatly benefit us in terms of growing our hive power and creating a better future.
Combining the two automation
If you're a Hive user, you've likely noticed the impressive power of compounding on this platform. Fortunately, compounding has been made easy here, and features such as automation, transferring, and powering up make it even easier. By automating this process, strict users can benefit greatly, helping to save more and avoid selling.
Will people still use this features even if it is not free and how will it help the hive users and the platform
Enabling these features can help users eliminate emotional distractions and achieve their goals more efficiently. Since many users set goals, having these features can aid in quicker goal attainment. Even if these features are not free, most hive users will still likely opt to use them due to the convenience they offer. This will also save time by reducing the need to frequently check their wallet and manage finances. Implementing this solution can strengthen the platform's user base, encouraging them to power up and save more. As a result, the frequency of selling may decrease, leading to significant benefits for the platform.
What do you think?
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Thanks for your time.