Most people do stock piling bearing in mind that by doing so they actually save a lot of money. What is your view on that?
Do you believe that stock piling saves money?
- Thread starter Xtynehappy
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Stockpiling cannot save money but is considered wasteful, because business people need to spend money to maintain stock, rent a larger warehouse, stock opname which must be done routinely to avoid theft.
For individuals, or helps to save money when they stockpile. It helps to reduce high costs that inflation might bring.
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The risk of Stockpiling is that the goods will be damaged, expired, and the cash flow will be unhealthy. That is why investory management is needed to manage stock properly and correctly.
For me l can say that the stock piling is sometimes very risky especially when the prices for the commodities decreases considerably immediately after one making the shopping for sure.
Stock piling is not really about the money saving for me. It is more about the fact that it relieves me of financial worries.
I believe that stock piling can really save money because with inflation, prices of basics would always rise.
Stockpiling is a very smart way of making money but must be done properly. If you want to stockpile, make sure you understand the economic kinetics of the product. Some products skyrocket at a certain period. If you understand the dynamics of a particular product, stockpiling can make you to be rich during short period.
When there is a good deal such as buy one get one free, I do bulk buying and stockpile that products. It helps me to save money.
