Topic: Save money today so money would save you tomorrow. - page 3. (Read 1613 times)

Having savings and investments is everyone's dream, because this is what will save them in the future. However, currently the situation is really difficult, especially being able to save and start investing, even being able to meet your daily needs feels very difficult. Where at my relatively young age, I have to carry quite a heavy burden, because apart from me also having to be responsible for myself personally for a better future, but I also have to be responsible for my family, remembering that currently I am the most take responsibility and be the backbone of the family. So that forces me to continue working in a job that doesn't pay much, because after all I have to have a steady income every month to ensure the family's survival.

Well, I’m saying so because I know there are people who have money in their bank account but don’t have any investments, or just a few investments. They are the ones I’m talking to because I don’t see how smart it is to save thousands of dollars in your bank account when you can invest it and let it generate you steady income (even if it is small). This is how people get wealthy, because asides investments, one is just rich (superficial wealth).

Same here, I don't really care much about money before I would spend it how I want after paying all of what is needed to be paid, and setting the amount that I need to survive till my next salary comes.
But seeing some of the people I am close to or know buying real estate and settling down, that is when I started to save and invest avoid unnecessary expenses like going out and ordering food when I could just cook for myself.
It is hard to start over when you have nothing at all, been there done that and don't want to experience it again so I am going to save as much as I could so that money that I am saving today would save me in the future when I really need it.

The average economic condition in various countries has been hit by inflation and other influences, the income we have is not enough to save for savings, we even have to go into debt at the end of the month to meet basic needs, so the only way to have savings is to work extra to increase monthly income. Once we have extra income, we can determine savings options or choose potential investment assets for future profits.

In reality on which people wont really be minding on creating or taking up such steps specially that they arent on a tough condition or situation but on the time that they are on those conditions or sentiments then this is where people would really be starting on minding on making out such step and would really be thinking about having those kind of adjustments on which they would really be having those thoughts that they should be stepping up their game via looking for another source of income, on which they should have done it earlier and dont wait up for things to get messy before they would really be taking such action.

Savings is really that relevant not only on the sense that it is really just that being used on emergency purposes but also it could be possible that you would really be able to make
out those investment or business out of those funds if you are really that having that kind of savings of course.

I don't think you can say that one is more important than the other. The right way is certainly a mixture of more saving or investing and trying to increase your income at the same time. And another important point that came up a bit too short in the discussion is to reduce your expenses as much as possible.

I don't believe money can be preserved during this difficult time because money is now the way we obtain it and the way we spend it. I may even say that before it reaches a person's hand, it will be calculated. How do you encourage individuals to save their own money in this economic climate? The only way that I believe people may save money is to invest in or start a business that will generate more income. If not, how can someone save money in the era of Unger? How is this possible? I realize we're individuals, but for me, I would rather invest money if I truly want to save it in my account than come and take it.

If you're to save money today, then make it an investment in bitcoin and not to leave your money in fiat currency, then you can proudly announce that you're holding and saving, this will be the only sure rescue for once lack tomorrow because money we save
needs to appreciates in value over time and not that it depreciate, many people cant deny themselves with the needs to make saving and keep for the future, which is one of the principal means why they are getting richer everyday.

Honestly, I'm not gonna lie, it is very difficult to save money, especially in a bad economy. You aid it yourself OP, you don't even understand how your money finishes on expenses and bills you have to pay... Imagine adding saving to the list. It's going to be extremely difficult.

But, I don't think it was meant to be easy right? Get a side hustle, an extra job where money earned there would be totally ( or partially) saved. Reducing costs in order to save money only works for people who at least have a little bit of comfort in their earnings. You can't earn 10 dollars and save expecting even $9 to do you good for a while. That's of course, unless you still live under your parent's roof. You can even decide to save all.

So, more savings isn't always the solution, but more earning sure is the solution.

There is no end to uncertainty in our lives any unexpected event can happen at any moment. Planning ahead for these unexpected expenses is good for the future but the biggest obstacle to saving money now is current needs. All the time it seems let this problem be over I will save money from then on if you want to save put that thought aside and start with the problem. Do not accumulate a large amount at once but in small amounts.

Generation Z should be able to realize this from now on so that their future can be brighter even though they have to continue to work hard at this time through some of the things you have mentioned. Because investing in crypto and gold and trying to save money for emergency savings and long-term business capital, will definitely make your future brighter.

Especially in difficult conditions like now, everyone and any generation should really realize that planning for the future must start from now before they all face even more difficult things in the future. Another small example at this time is that the difficulty of finding work for most people is still very visible so that everyone is expected to be able to create new opportunities and take advantage of every opportunity that exists in order to make money in their own lives.

    If I’m to get the question right you ask which of the above is the smartest to purchase, well since you said smartest, I will go for the option C which is the Real Estate. As we all know that going into real estate is a good way of doing business. I don’t think there’s no billionaires or millionaires who are not into the real estate business. Real estate is a fix assets that appreciate  in the long run. Having an expensive meal is not an investment the only investment you doing is to your body and to the owner of the restaurant. So in my own opinion I don’t see going out to any expensive restaurant as an investment so should be place in contest with real estate. Although they are some luxury cars that are worth investing on, even though you might no be lucky to get the exact amount you bought it, reselling it might give you a significant amount. Unless you’re fortunate to get one of the rare and limited editions of some cars you can place on auction.
    Nonetheless, one need to make smart choices when dealing with money, becomes money stays in the hands of people that can handle it, very hard to make and easy to waste. In all your options, real estate is the smartest purchase, though you will have to wait for a certain period of time to yield the returns of the investment.

I don't know which one is trues about save money today would save you tomorrow or spent as much your money having because life is once time only, if prepare for saving money only without enjoying what have achieved I scared with how many people working hard in their life but can't take advantage from their money by priority saving only. Its right when saving money will help us tomorrow but we don't know still a life or not on tomorrow day and we have the only one opportunity for enjoying our life.
In my environment have some one with saving money priority in their life spend every day working hard, but can't enjoying with how much achieving he was pass away and leaves much saving money without enjoying yet. Need balance between how much money for saving and enjoying for our life if won't loss opportunity to enjoy what have to achieved.

Money that you save for emergencies cannot be used for investments or anything because you need it readily available at all times, after all, they are supposed to be used for emergencies and emergencies don't knock before they arrive which means that you need funds available at all times in case there is an emergency.

If you invest that money somewhere like maybe in Bitcoin, and if Bitcoin's price goes down, your money lose value and then you face an emergency, what would you do? You can't sell your Bitcoins because if you do so, you will lose money, and in such a situation, you will be compelled to borrow money from somewhere for the emergency. That's why, one should have a different account for emergency funds and one account for investment and savings funds.

That's my mantra for this year, I told myself that I would pay more attention to investing in different things than accumulating or piling my money in savings accounts. if I invest my money, it is still possible to make a profit if I handle it properly, unlike money in the bank that only receives very little interest annually,
just like you said, this is one of the wrong things people do but we can't blame them because not everyone has extra money to invest, because they don't even have savings.

The idea of saving is good for our finances in the future but don't just focus on saving and saving, focus on making more money. Logically, we might be able to save money until we don't engage in consumptive behavior, but if the money we earn is only that much, when there is a very important need, we end up using the money we saved from saving. In contrast to people who find it easier to earn a lot of money, apart from being able to meet their needs, they can also save and invest.

So in essence, it is very important that when we are young and healthy, we have to look for lots of opportunities to increase our income so that the income we earn can be allocated to saving and investing. Because investing will bring financial freedom in the future, while saving does not change anything, especially if we save in the bank our money will decrease in value due to inflation.

I’d say; avoid spending that isn’t on something you need, invest as much money in as much places as possible, and save money just about the amount you need. One of the mistakes people make is saving too much money when you are supposed to invest the most part of it and save some for just emergency. While that is something to consider, the generation today doesn’t even think that deep on either saving or investing. Most youthful people are wasting their money and time doing things that would never benefit them.

There are two lines of popular poetry in our country which are- "Tiny grains of sand dot the water make the continent-ocean deep." That is, no matter how small the particles are and how small the water drops are, the accumulated part of them takes a large size.
The present world market situation and standard of living are increasing day by day. If the market system continues like this, we may face a crisis shortly. So to survive this uncertain recession economy we should start saving today and we should stay away from unnecessary and luxury spending. Remember today's savings will become a buffer against future economic downturns.

I don't recommend investing your savings in Bitcoin or anything that tends to provide profit but also loss in situations where you might need your funds but the price of the asset is lower than when you have bought it. Let's say, you have $10,000 in savings, you invest your savings in Bitcoin when it's price is $30k. Unfortunately, after your investment, Bitcoin's price drops to $15k, it loses 50% value, and so does your investment. Now, we know that it usually recovers in the long run, but what if you need your savings when the price is still lower than $30k? If you sell, you will be at a huge loss.
This is why, it's always recommended that you keep your savings separate and have another funding account for your investments.

It's always a good idea to save your spare money. Who knows you might need that money for future or even emergency funds. Having a list of what to spend and have a good expense would really beneficial especially when you are young, the consumptive behavior is slowly killing Gen Z people and if you are not into that then you should invest into gold or crypto and save your money for your future although be aware of the risk.