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Topic: Lessons learned after striving to save money at the age of 30. - page 7. (Read 1184 times)

hero member
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I take it that the post It's all about not saving at the expense of yourself by also making sure your finances does impact on your life positive as much as you forge towards making savings. It is understandable that our salaries are not keep up with the high inflation, which there makes everyone wanting to save for the future, but however we save, we should be conscious of not being too rigid with our concept of saving but flexible enough to accommodate emergencies and responsibilities that may arise outside what we may have ahead budgeted for.

The idea to have savings is that the savings could be used to save us and family when expected situations emerge such as health issues, children needs, and more others. So it doesn't matter how much time it might have taken to make up such savings, it's still worth letting lose in life threatening complications and challenges.

Just a quick one: being too rigid with savings doesn't or won't make you a great achiever.
legendary
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The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
This post might probably mean that saving is good but not to the extent of letting yourself suffer by not attending to your needs or even special wants because you want to prioritize your financial goals over your own self-care. Although saving and investing could mean a lot as it leads you to a brighter future, but what could be its essence if along the process your own self has been sacrificing a lot, because you focus more on your finances to build a bright and secured future than to prioritize first yourself and all your necessities. Saving is a necessity as well but not to the extent of compromising your self-worth and self-care.
hero member
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Although your post is not explicit enough but what I understand about understanding balance and not shortchanging oneself is you don't need to try to save money while you have urgent need for money. Like you can't have money in bank or your vault then you have health issues that requires attention or that of a close family member. It is worthless that you are starving and you have money saved somewhere that you vow not to touch, that does not make sense. So you need to make a balance of yourself and your savings. Another way to make balance is to reinvest your money and not to keep it in bank while the bank is investing with it  Grin
jr. member
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The most important lesson learned after striving to save money at age 30 is understanding balance and not shortchanging oneself! Loving oneself allows for better care of those who matter most.
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