How did people save money in the olden days?

Answer 1

In the olden days, people saved money primarily by using physical forms of currency, such as coins, and keeping them in secure places like jars or hidden compartments in their homes. Many also practiced barter, exchanging goods and services instead of using money. Additionally, some individuals deposited their savings with local banks or community savings groups to earn interest, while others invested in tangible assets like land or livestock, which could appreciate over time.