Topic: Save while young better than wait (Read 3315 times)

Managing finance is not difficult but if a person learn from an early age but we don't give our previous time to our children and don't teach them about finance so this is the reason that most of the children when gets younger then they are not a good saver or investor.

We don't like if our children involved in earning from an early age because we think that doing any job even online job can be a burden on them and we wish that they should live a life without using their own efforts and own skills so this is the big reason that they don't take any interest in job when they grow up and their talent remains hidden.

At a very young age, children rarely think about their future because their emotional level is high depending on the child's background and level of thinking patterns and they must teach money management.
Good things must be implemented from a young age by saving for the future, even though it is difficult to implement, we should not spend a lot of money only for necessary needs because we don't know what our future will be like. Having a of savings can help in our old age.

It seems impossible for parents to allow their children to spend their money however they want without thinking about the future. I don't think even rich people are like that, they definitely teach good money management, or give their children limited pocket money, besides, if you give everything your child wants, that's too much because maybe in the future he will become a spoiled and dependent child. parents even though they are adults. Maybe this is a problem with each individual's mindset, those who are rich and waste their money carelessly will certainly occasionally experience difficulties, but maybe they do that for their own reasons.

I agree with you, whether rich or not, we still have to teach good money management, don't let us feel like we have a lot of money and we waste it carelessly, that is not recommended. As much as possible, we should be able to buy what we need, not just what we want. Good thinking will produce good, and conversely bad thinking will produce bad.

It is necessary to make settings from a young age. Because if you can save from a young age, it will later support us to do good things.  However, it is easier said than done. Because the youth age is the age of entertainment so no one cares about savings at this time.  However, the future is much better for those who can reduce their entertainment and set a few bucks. And they learn money management very quickly and it becomes easy for them to use money in the right place

Balancing between saving for the future and enjoying life at the present moment is a significant thing to do. Although it is true that saving and investing for the future is necessary to have a comfortable retirement age, it is also not good to abandon living now.

Enjoying the present should not stop you from taking up financial responsibility for the future. In other words, this involves setting aside some resources to enjoy now, while at the same time not forgetting about growing and protecting savings and investments for the future. Through proper planning, one can achieve an effective balance between saving for the future and enjoying life at present without leaving any of them behind.

You’d be surprised by how many kids have a hard time managing their finances. I always feel frustrated looking at kids especially those grew up rich just basically throwing their money away. Lots of parents don’t let their kids actually have access to their own money therefore the kids never feel the sense of responsibility.

They just buy everything the kid wants without teaching them proper consequences of their choices. It doesn’t matter if you are well off or not, you still should teach your kids properly how to manage their finances.

Since I grew up without generational wealth from family, maybe my mindset now in life is that while we're young we should really be able to save or have our own properties and investment, because it's difficult if you start when you're old, possibke you'll no longer enjoy the things you have because it is possible that our actions are limited, unlike when you were young and you achieved everything you wanted to get, you will be able to enjoy it when you reach your retirement age.

Yes we should think about the future from the time we are young because we don't know what will happen to us in the future. It has become such a situation in our country that if he is old and has no property of his own, his children do not want to accept him or look after him in his old age. That's why maybe we need to think about old age from a young age and build our own assets so that even when we are old, it will be accepted. Maybe many people work at a young age and should leave a certain amount of money to save for the future.

Now we are young and if we can save our remaining money and invest it then maybe it will benefit us in old age. But if we want to save our money for future we need to plan our spending properly.We should not spend more money than necessary. Thinking about the future we have to take timely decisions at a young age because most of the activities of the young age affect the old age.

Saving for the future through investments gives a peaceful retirement life. If not, we're going to suffer while living our lives, sacrificing even the most basic requirements. As the Op stated, perfect planning will make the investment grow, and for the same, we need to start at the earliest. Not everyone gets the opportunity to be rich, and when it isn't meant for us, we need to make calculations and work on it. Surely we can be rich, at least when we're old.

According to me, just as we allocate for the future, we should also spend in the present because we don't know how long we will have this life. Something we cannot do in our old age, though we've got money. We need to think well and make our plans so that our present and future will be more enjoyable.

Environment plays a big role in any of our activities. And for those of us who live in the lower economic strata, economic management including the implementation of various economic plans goes through a lot of hurdles. For this we must first prioritize our main economic goals especially investment. Thus we need to focus on savings after prioritizing long-term and short-term economic investments so that these economic sets can be managed very smoothly. Although the journey in this set will not be very comfortable for low-income earners. The pursuit of long-term happiness requires us to plan accordingly so that we can focus on investing again while building a capital base by finding ways to save more.

Basically, we all have to be able to save to welcome our future, because if we don't do it ourselves then who else will do it. Our future is also not regulated by other people, our future is entirely our responsibility, if when we were young we were lazy then when we were old we might have difficulties because we didn't have the savings we prepared when we were young. and indeed many young people don't think about this, they only think about temporary styles. This is not a new problem, but it has become a culture. I think young people definitely think about temporary lifestyles.

Maybe your father had his own reasons why he didn't teach you to save, but even so, when you grow up, I think you will have good thoughts, such as thinking about the future, which you have to prepare for now. Don't let us not think about our future because we weren't taught. If we really want a good future life then we have to do our best when we are young, including saving. This is a small but important role.

Well this is some very good advise to give. We must teach the younger people in our life to start to save their money for the future when they are much older.

It is good thing to teach this to the kids we know. I have my 2 nephews and both of them are young, saving money, for preparing for his future. I want to teach them this good thing to do, my father never did this for me.

In my opinion, almost all parents teach their children to save from an early age, because this really needs to be paid attention to, because when we grow up we have to be able to manage our finances well, including having a job that makes money and we ourselves have to be able to manage it well. Having the habit of saving from an early age is certainly good for the future, because if we can't manage our finances well, in my opinion it will cause us difficulties in adulthood. I have seen many young people who can be said to be adults and already have a clear job with an income, but they often have problems with their income always running out somewhere, so it makes things difficult for them, and I think that's because they don't have money management. What's good is that young people nowadays usually only think about a luxurious lifestyle which can be said to be only temporary and that means they always put aside their own needs.

I agree with you, if you already have a steady income and are confident that you can have your own business then there is no harm in that, it is a good thing to try, even if there is failure but don't be discouraged, because to be able to reach the point of success or financial freedom of course there must be a struggle. and just be sure that your efforts will not betray the results.

Therefore, try to start saving from a young age and plan for the future because we don't know what the economic conditions of the country will be like in the future, no one knows the conditions in the next few years. We have to realize that future needs will definitely require more money, so, as long as you can still save, save as much as possible when you are young and enjoy it in your old age.

Everyone should save money from an early age but most people fail to do so when they realize that if they had saved money from an early age, they would have had a lot of money that they would later regret.  But everyone likes to enjoy their life very much but one should enjoy life as much as possible to avoid any trouble in future. There are some people who are busy enjoying life in childhood and later on they are in great danger.

A strong desire to change fate is sometimes formed from the experiences and lives they have lived before so that in this case motivation is actually formed when a strong desire to change fate so that what they felt in the past does not always happen in the future.
The role of the environment is sometimes quite important, but on the other hand, when we are in the scope and family with low economic levels, sometimes dreams of changing fate are thwarted by the statements of those closest to them who always underestimate which makes them unable to move faster than expected.
Situations like this always happen again and again and even not a few people who feel that way including myself but in the end it is precisely with encouragement like that that our mentality becomes more formed and has a stronger desire that what happens to us when the economy does not support does not want to be felt by our successors later so that we become harder to try.

Sad but true that most people don't even have plans for their future, there are people out there who are contented by living paycheck by paycheck.
They don't have plan for their future and if they have excess money from their salary they would spend it to travel or anything that they think that would relieve them from stress.
We need to think about our future to, sacrifice now and live better tomorrow this words really hit me and made me think that it is true.
We are not just working to live today or to pay bills, we are also working to have a better future.

The thing there's is that you can be at your youthful age, live your life to the fullest in as much your incomes can withstand the long run for you til you aged. Therefore we should be aware that people around us would treat us the way we deserves at our old times so lets be conscious that old time without money is like being recruited to slavery because if we don't have that portfolio to enhance us with more better lives even at our old ages, we could be seemed inexistence in the society.
So therefore, let's also consider in investing on people especially family people because they'd be the ones returning back the responsibilities which we were sometimes caring about them when they needed us so at when we're in need of them they can also be present for us at oldens.
Living a comfortable old life depends on how we planned and lived our youthful life such. Life doesn't only end at youth so also, Old times also deserves good lives.

you are right. Of getting used to it from a young age to be able to set aside whatever you get to save is the best and very good action to do, even though usually you will always be tempted by the desire to satisfy your lust when you are young. But because of the high awareness of saving, with the aim of the future, especially when you no longer have a permanent job. So that what you have saved can be used for old age or if you want to create another business from some of your savings, this is also possible. No one knows that later when you don't work you can still do other things, of course it would be better, but if they don't have them, savings will be the saving grace.

In my opinion, when you are young and have your own income it is very good to save. You don't have to save all your income, even if you have a little left over, it's important to save regularly. We only feel the benefits from savings when we are old, where having savings will make it easier when one day something unexpected happens that requires a lot of money in old age.