Pages:
Author

Topic: Take care of your money and learn to save. - page 14. (Read 2909 times)

full member
Activity: 330
Merit: 110
Catalog Websites
Some people whom is management is people that cry at the old age when you are young and you are seeing money everyday it is left for you to manage the money well knowing that nothing come every time and did nothing lasts forever when you fail to plan well then you fell to achieve well in your old time that is what I have to tell you people so that you can understand that having a reserve is most important thing that a man supposed to do
member
Activity: 560
Merit: 17
Eloncoin.org - Mars, here we come!
Honestly, this is one of the right answers I've been looking for. It's not easy if you continue to consume theories that are sometimes quite floating. I agree more that someone must understand the basics of managing finances so as not to fall into a vicious circle. I don't have many sources of income, but even though I only have one source, I want to set aside some savings to meet urgent needs in the future. However, investment is also good but doesn't seem suitable for some people who have minimal sources of income.
It is indeed a big challenge for people who have limited income to invest, because it is impossible for people who cannot fully fulfill all their main needs to set aside income to start investing, so the main key to being able to start investing is when their income has met all their main needs and there is still some remaining percent that we can ultimately allocate to investing, that's why lower middle class people will have difficulty improving their lives, unless they can get out of low income and start managing their finances well so that their lives become better.

     You know what you're saying is true, because that's where you can measure how you budget the money you have, especially if you're a family person and you're the only breadwinner in your family. That's why having a regular job is not enough; that's why most people are still looking for other extra incomes just to sustain their other costs in life.

     Then, if you're going to enter the crypto business industry without a stable income, you're going to have a bit of a hard time at the beginning. It seems like it can create or even give us stress, but this is also where you can really measure how capable we are of finding a way to get money. .
hero member
Activity: 938
Merit: 552
Saving is something that is very necessary for future needs. I myself have been doing it for several years and until now. As much as possible, I not only save but also invest. I usually set aside 10% of my salary to invest in Bitcoin so that at retirement age I don't run out of money. The money will continue to flow even if I don't work because I already have savings and income from investments.

Nothing is bad in saving but saving for long term in a country where inflation is high is a very bad idea. It's not everything you must invest all your money into, you may need money for emergency purposes, you might need money for health related issues and even insurance, this is where savings help you but when you are saving for years, the money start to lose it's value because of inflation because what you save to buy this year can't be the same price the following year, the price would definitely increase.

Investment is the best of all, if you aiming for long term money value and savings, it's what you need and what you need to be able to buy what they are selling at lower price today and be able to buy tomorrow even when the price has double, a saving would need an extra money to be able to buy what you need when the time is right.
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
Saving is something that is very necessary for future needs. I myself have been doing it for several years and until now. As much as possible, I not only save but also invest. I usually set aside 10% of my salary to invest in Bitcoin so that at retirement age I don't run out of money. The money will continue to flow even if I don't work because I already have savings and income from investments.

Saving should be started as early as possible because when you know the importance of saving from an early age then with the passage of time you will also know the importance of investment but if you are ignoring the value of saving then you will never be able to manage your expenses and earn an extra amount through investment.

One should fix a certain percentage for saving because without planning for your salary neither you will save money nor you will be able to sustain a plan for daily uses therefore make a plan before doing anything. If we have missed the chance to save early so we can save now but it is important to share the idea of saving with our children so they will not face any trouble in future.
full member
Activity: 1554
Merit: 123
Buzz App - Spin wheel, farm rewards
Saving is something that is very necessary for future needs. I myself have been doing it for several years and until now. As much as possible, I not only save but also invest. I usually set aside 10% of my salary to invest in Bitcoin so that at retirement age I don't run out of money. The money will continue to flow even if I don't work because I already have savings and income from investments.

Yes, savings are a way for our security in the future, savings are really needed for us because after all we have to have enough savings for our old age, don't let us have to work again in our old age, from now on we have to think about create our savings which we will later use in our old age, because when we are old we no longer have to work like when we were young now, have several assets to support our life in the future, by investing from the present for our security in our old age, because it is very sad when we have to continue working in our old age, now there is still time for us to set aside little by little from our income to guarantee our old age.
sr. member
Activity: 1246
Merit: 262
That's right, indeed for a good future of course saving is one of the things that must be considered, of course saving is something that must be done, even I think most parents will definitely educate their children to save. Preparing for the future depends on ourselves, if indeed we can do good things then the future can be good. Because I also think saving helps us when we are in an urgent situation, such as illness or disaster, of course when we are in that position there will be costs that may be a lot to be incurred and that can be handled with the money saved.

It is true that investment is good, especially if we can understand investment well in terms of knowledge. With you doing that setting aside 10% of the salary you get is good, because you can do both and of course that's good, I think you have more than enough income so you can do both. But is it done consistently?
For beginner need to understand well about which one good side for investing assets but they can start by saving money firstly as in the bank or use other platform ways. I think good ideas when spending 10% as salary for saving assets indeed hold it in the bank or put as investment assets depend our skill understand well about more increasing investment way or not. Usually all parent hold their saving money in the bank although get inflation values but most of them lack knowledge about the most worth of investment way than saving money in the bank without increasing yet.

Saving is most crucial aspect can help us in the future or getting emergency situation, most of us difficult get loan at the other when having urgent needed but prepare saving money will more useful one day later.
hero member
Activity: 2968
Merit: 687
Saving is something that is very necessary for future needs. I myself have been doing it for several years and until now. As much as possible, I not only save but also invest. I usually set aside 10% of my salary to invest in Bitcoin so that at retirement age I don't run out of money. The money will continue to flow even if I don't work because I already have savings and income from investments.
That's right, indeed for a good future of course saving is one of the things that must be considered, of course saving is something that must be done, even I think most parents will definitely educate their children to save. Preparing for the future depends on ourselves, if indeed we can do good things then the future can be good. Because I also think saving helps us when we are in an urgent situation, such as illness or disaster, of course when we are in that position there will be costs that may be a lot to be incurred and that can be handled with the money saved.

It is true that investment is good, especially if we can understand investment well in terms of knowledge. With you doing that setting aside 10% of the salary you get is good, because you can do both and of course that's good, I think you have more than enough income so you can do both. But is it done consistently?
Saving at the same time you would really be making some investments as well because we do know that cash or fiat is something that been affected with inflation on which year by year which your purchasing power would really be that be mainly affected. On the moment that you do keep on saving up and doesnt have any other established business or investment then you would be having a hard time on trying out to sustain at least. Well, it would really be just that depending on someones preference and thinking on how they would really be handling up themselves in speaking about future things or goals and point of view.
Some people doesnt really that think about on saving on the moment that they are on a good condition or on the moment that they do know that they are making money or earning sufficient.
This is why on the moment that they would be experiencing some hardship when it comes to finances then this is the moment that they would really be considering on saving up but well its already late
but still not that very too late.  Smiley
hero member
Activity: 1708
Merit: 566
Leading Crypto Sports Betting & Casino Platform
Saving is something that is very necessary for future needs. I myself have been doing it for several years and until now. As much as possible, I not only save but also invest. I usually set aside 10% of my salary to invest in Bitcoin so that at retirement age I don't run out of money. The money will continue to flow even if I don't work because I already have savings and income from investments.
That's right, indeed for a good future of course saving is one of the things that must be considered, of course saving is something that must be done, even I think most parents will definitely educate their children to save. Preparing for the future depends on ourselves, if indeed we can do good things then the future can be good. Because I also think saving helps us when we are in an urgent situation, such as illness or disaster, of course when we are in that position there will be costs that may be a lot to be incurred and that can be handled with the money saved.

It is true that investment is good, especially if we can understand investment well in terms of knowledge. With you doing that setting aside 10% of the salary you get is good, because you can do both and of course that's good, I think you have more than enough income so you can do both. But is it done consistently?
full member
Activity: 1119
Merit: 206
Next Generation Web3 Casino
Saving is something that is very necessary for future needs. I myself have been doing it for several years and until now. As much as possible, I not only save but also invest. I usually set aside 10% of my salary to invest in Bitcoin so that at retirement age I don't run out of money. The money will continue to flow even if I don't work because I already have savings and income from investments.
sr. member
Activity: 2324
Merit: 263
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
The main obligation must be to meet routine monthly expenses for basic needs, because managing savings is not an obligation for everyone for different economic classes. They may be able to set aside part of their income for savings even though the allocation of savings is not routine from monthly income, but those with low incomes must get out of the safe zone to increase higher income because the need for funds to buy basic necessities is increasingly expensive.

Relative poverty data from various countries is getting worse due to the impact of the global economy experiencing inflation which influences various aspects of price and service increases.
To be able to have savings, of course we have to be able to manage our finances well and we have to be able to meet our main needs and set aside some of the income we have so that we can save and it is difficult for those with low incomes to be able to manage their finances well and look for other sources of income. Of course it is very important if we still have low incomes, as you said, it is absolutely true that the price of basic needs continues to increase and it is difficult for those of us with low incomes to fulfill them and one solution is just to have several sources of income to be able to meet the basic needs we need.
hero member
Activity: 2282
Merit: 589
Honestly, this is one of the right answers I've been looking for. It's not easy if you continue to consume theories that are sometimes quite floating. I agree more that someone must understand the basics of managing finances so as not to fall into a vicious circle. I don't have many sources of income, but even though I only have one source, I want to set aside some savings to meet urgent needs in the future. However, investment is also good but doesn't seem suitable for some people who have minimal sources of income.
It is indeed a big challenge for people who have limited income to invest, because it is impossible for people who cannot fully fulfill all their main needs to set aside income to start investing, so the main key to being able to start investing is when their income has met all their main needs and there is still some remaining percent that we can ultimately allocate to investing, that's why lower middle class people will have difficulty improving their lives, unless they can get out of low income and start managing their finances well so that their lives become better.
The main obligation must be to meet routine monthly expenses for basic needs, because managing savings is not an obligation for everyone for different economic classes. They may be able to set aside part of their income for savings even though the allocation of savings is not routine from monthly income, but those with low incomes must get out of the safe zone to increase higher income because the need for funds to buy basic necessities is increasingly expensive.

Relative poverty data from various countries is getting worse due to the impact of the global economy experiencing inflation which influences various aspects of price and service increases.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
Honestly, this is one of the right answers I've been looking for. It's not easy if you continue to consume theories that are sometimes quite floating. I agree more that someone must understand the basics of managing finances so as not to fall into a vicious circle. I don't have many sources of income, but even though I only have one source, I want to set aside some savings to meet urgent needs in the future. However, investment is also good but doesn't seem suitable for some people who have minimal sources of income.
It is indeed a big challenge for people who have limited income to invest, because it is impossible for people who cannot fully fulfill all their main needs to set aside income to start investing, so the main key to being able to start investing is when their income has met all their main needs and there is still some remaining percent that we can ultimately allocate to investing, that's why lower middle class people will have difficulty improving their lives, unless they can get out of low income and start managing their finances well so that their lives become better.
hero member
Activity: 2716
Merit: 552
Investing is popular, and everyone wants Bitcoin. There's no miraculous money machine here. You must first secure your money before multiplying it. Crypto is seductive. It's volatile too. A rollercoaster, not smooth. Not for the faint of heart, this game makes and loses fortunes overnight. You must continually learn, adapt, and take risks. Investing is crucial, but not everything. Never put all your crypto eggs in one basket. That's disastrous. Start with reliable investments. Create a foundation. Only if you can handle the volatility can you dive into crypto
Despite BTC being volatile, I think it can still be considered to as reliable because it already existed for more than a decade now. We can start and create a foundation here but before that, we need to study how it works first, practice, and start with small amounts.

Probably not everyone who has been into crypto considered this, especially those who just jumped into the hype and the rising popularity of bitcoin since a lot of people are already profiting from it. Some people may think bitcoin will give them fortune in a short term period, but nah we all know that won't gonna be the case for 1-3 years when you don't have enough capital to double in a 4 year cycle, because most likely, for those who just bought their first bitcoin chances are, they are just going to double their money when bitcoin makes another run and hit another ATH. The good thing is, bitcoin is almost a guaranteed profit compared to any alts in the market, that's why some investors who have been here long enough to understand how bitcoin works, consider it a place where they can save their money.
full member
Activity: 175
Merit: 111
Actually many people does not know how to save money both of them know how to spend the money so what we successful in life will have to learn have to keep saving money in different way because my you have money I'm the after everything you does not have money again it remains a man to be depressed in life and they eat also shortcut to the life of any living soul so so keeping your money and a good conduct will make you not to fall
After a certain time man cannot earn much money if he wants. So he should also plan to retain his money during the period in which he will be able to earn money. Holding money is not a simple task. For some it may be easy to earn money but he cannot retain money and for some it is difficult to earn money. If one wants to earn money as well as keep it, he must educate himself accordingly. You have to prepare yourself that way. After earning, they can't progress much if they spend it recklessly. For this they must make some sacrifices. Focus well on how to keep your saved money and how you spend it.
hero member
Activity: 1134
Merit: 535
fillippone - Winner contest Pizza 2022
Actually many people does not know how to save money both of them know how to spend the money so what we successful in life will have to learn have to keep saving money in different way because my you have money I'm the after everything you does not have money again it remains a man to be depressed in life and they eat also shortcut to the life of any living soul so so keeping your money and a good conduct will make you not to fall
I think we really have to learn how to save now y so that we are not going to be a slave of money. The only way we could keep making money is through the ones we have saved especially when we invest the funds for something else. We need to alm down and make sure that we don't end up putting our funds in an investment that would later crumble due to our mistakes and not following advice that would help us to keep going. Money is very important in everything we are doing and that is a good reason for us to be patient and make good use of what we have so we don't go begging afterwards. As we are making money, it is good we always save so we can have what to spend always.
hero member
Activity: 1092
Merit: 507
Leading Crypto Sports Betting & Casino Platform
Savings is a power of the future.  But if you save in an asset instead of saving in fiat money, you will get profit from it besides saving that money. So at present focus should be given on investment rather than only money savings.  And should have a good understanding of investment strategies. Then this future will be bright. For this one should have a good understanding of money management as well as a good understanding of investments

Indeed, we must be able to carry out this act of saving because in my opinion this is one way to prepare for a better future, such as by preparing capital to open a business or to get married (if you are still single). Everyone's thoughts are of course different, not everyone is happy with saving or investing, because each person certainly has their own thoughts and their own desires. but what is clear is that they definitely want a better future and that must be prepared by saving which is one way of managing money which is quite good, with those who save but don't invest it doesn't mean they can't manage their finances well because even saving is included. good money management. because I'm sure those who save but don't invest have their own reasons.

If you want to invest, of course you need good knowledge and understanding first so you can invest well so you can try to avoid losses that might occur. maybe with those who save but don't invest because this is the problem or they are not interested in investing at all so they prefer to save their money like in an official bank.
full member
Activity: 330
Merit: 110
Catalog Websites
Actually many people does not know how to save money both of them know how to spend the money so what we successful in life will have to learn have to keep saving money in different way because my you have money I'm the after everything you does not have money again it remains a man to be depressed in life and they eat also shortcut to the life of any living soul so so keeping your money and a good conduct will make you not to fall
hero member
Activity: 3010
Merit: 794
People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.
Always set back up plans on which it wont really be just that Plan B's but rather going into further more on which we know that there's no assurance that we could really be having on this world on which
there's no assurance that you wouldnt really be experiencing those crisis on which financial back ups would really be that relevant or something that recommended.

The thing on here is that not all people would really be given out that kind of opportunity on having that good financial condition or state. We are still thriving on day to day basis
on trying out to attain or achieve such state. We do know that tons of people doesnt have that enough salary or finances on supporting on day to day living.
For those who does have then consider yourself lucky because conditions or situations will really vary person to person.

It would really be just that common sense on what are the ideal things that you would really be needing up to considered to be prepared.
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
Savings is a power of the future.  But if you save in an asset instead of saving in fiat money, you will get profit from it besides saving that money. So at present focus should be given on investment rather than only money savings.  And should have a good understanding of investment strategies. Then this future will be bright. For this one should have a good understanding of money management as well as a good understanding of investments

Investment and saving both are necessary because saving can help you during an emergency while investment helps you to earn well in the future when you don't have the ability to earn lots of money to manage your life expenses.

I want to say that we should not focus on only one but should keep continuing both of them as ignoring any of these can be harmful for us. Divide your saved amount and use 50% for each so you can handle all the situations either it's a matter of emergency or it's a matter of salary for the future.
hero member
Activity: 2058
Merit: 710
I support every word. When I was younger, I took money very lightly. It came today and it will come tomorrow. But I'd rather save at least a small part of it. I am glad that at least now I have an understanding of financial literacy. I think you should always save money. It's even better when you know how to reinvest these savings.

If at this time you are aware of how to use money and also understand how to save money through the knowledge you have gained in financial literacy. Of course you also won't be so afraid to make investments in assets that can bring you more money in the future and in this case I think you also already know that investments like Bitcoin are worthy enough for you to rely on as a future investment even though you also You can consider investing in other things as long as you have enough knowledge about them.

But when it comes to saving money, you also have to realize that the value of money will not always be the same if you can make comparisons through the prices of things you usually buy with money. So you only need to save enough money because the rest would be better to direct into investments that can provide more value to each of us in the future.
Pages:
Jump to: