Take care of your money and learn to save. - page 8.

eightdots

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Quote from: lizarder on June 02, 2024, 02:07:09 PM

Quote from: junmisakiro on June 02, 2024, 10:53:38 AM

As the saying goes "Save now, enjoy later" this proverb describes how important it is for us to save now so that we can enjoy the benefits in the future. Of course, if one day economic conditions become chaotic, we have prepared things, such as financial security and the ability to meet urgent needs.

If examined more deeply, this saying is not always right because the words save now and enjoy later are very ambiguous. Just imagine if today we save $ 1000 so that in the next 10 years the money will lose value and maybe that is not a productive step. It is better to try to use the money for the right investment so that in the next 10 years our money will continue to grow because it has the benefits of the investment being carried out.

Savings are indeed important to do, but they must have the right percentage so that we can adjust. If we only focus on saving, how can we increase our income because money depreciates in the long term. Savings are made according to the right percentage to meet life and the rest can be used for investment or business.

Nowadays, there is inflation in almost all countries and countries cannot prevent this situation. We need to know the difference between investment and savings. People use different methods to protect the value of their money. Some people buy land or property and retain the value of their money as the value of what they buy increases over time. Some people buy Bitcoin and when they wait long enough, their money retains its value and they make a profit. There are many investment options similar to these.

Although saving and investing are different things, they both benefit people. When focusing only on savings, there may be a possibility of missing some investment opportunities. Investing at certain rates is an important move.

Mahanton

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Quote from: MissNonFall9 on June 01, 2024, 11:19:08 AM

Quote from: batang_bitcoin on May 24, 2024, 06:46:59 PM

Quote from: MissNonFall9 on May 24, 2024, 01:52:31 PM

Quote from: batang_bitcoin on May 21, 2024, 07:54:20 PM

Quote from: MissNonFall9 on May 21, 2024, 08:04:16 AM

Sorry for not being able to explain clearly. What I mean is that people in middle-class households cannot invest in anything they want because their limited income makes it difficult to manage the household. Those who have only one income field have less income, so they have to save first if they want to invest. I am not saying they will save to earn good profit. They will save to raise investment capital.

It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.

Apparently, poverty-stricken people may appear to be struggling more when seeing their suffering. (sorry - I am not belittling them because I don't have the ability to belittle them) The middle class once lived a good life without any kind of calamity but in today's context it has become really difficult to live in an economic crisis with these rising market prices. I am saying that the suffering of the middle class is greater because they are far removed from their position and cannot tell anyone about this misery. In any case intelligence must be introduced through creative planning and action to manage life smoothly from now on.

That is the real situation now, almost everywhere in the world regardless of the kind of living and status of life in each country. You will see the huge gap of the rich and the poor with the middle class. But I think that middle class will be able to survive and adapt more with the situation because of them came from being poor and don't want to get back on that tough situation of their lives. I wouldn't classify myself as rich and I think I belong in the middle of middle-poor class.

Therefore not wanting to go back to the bad conditions of the past and trying to continuously improve the current situation is the key to the survival of the middle class. Not only the middle class but people of any class of profession have enough of this mentality to survive. The middle classes are willing to deal with any situation in front of them in return for an opportunity. For example suppose a person can afford to buy sugar for 100 taka per kg. If the price of one kg of sugar is 110 taka, then he is able to manage his family by buying sugar less than ten taka.

If you wont really be that good on handling your finances then you would really be going back to scratch but of course you do know on what you should gonna do specially into those people who had been start on being poor and then made themselves that rich or wealthy because they do know on how to handle and manage up their funds. It would really be that somehow impossible that you would really be forgetting about the basic stuffs and would really be having that careless spending not unless if you would be getting involved with gambling then high probability that you would really be that becoming poor again. It all matters about financial handling because if you are someone whose really be having no control or having that discipline when it comes to spending money then you do know on whats next.

For those who are really that still poor or on average then savings would really be that playing a crucial role on which it isnt really just that being used for emergency purposes but also in other aspects as well
like having some investment or making up some business.

MissNonFall9

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Quote from: Qiubell5 on June 02, 2024, 04:46:52 AM

Quote from: Assface16678 on May 29, 2024, 06:29:56 PM

This is true. Money is one of the most important things in the world. It is used to buy anything you want and anything you need, and if you have more money, more people will respect and look up to you.

Yes like thatwith money, our lives are much calmer and it gives our hearts peace from the many problems that can be overcome easily. With achievements like that, we can enjoy life and we always diligently save according to our abilities for a better life for the future make all hopes come true.

Money gives us a solution to any kind of worldly problem. Besides if money can be earned by controlling greed and psychological issues then it is possible to gain peace of mind from there. Whatever, investment should be given more importance than savings to realize the purpose, success or hope of life. I am not saying that there is no need for saving in life but investing in an environmentally friendly way can yield quick and good dividends.

lizarder

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Quote from: junmisakiro on June 02, 2024, 10:53:38 AM

As the saying goes "Save now, enjoy later" this proverb describes how important it is for us to save now so that we can enjoy the benefits in the future. Of course, if one day economic conditions become chaotic, we have prepared things, such as financial security and the ability to meet urgent needs.

If examined more deeply, this saying is not always right because the words save now and enjoy later are very ambiguous. Just imagine if today we save $ 1000 so that in the next 10 years the money will lose value and maybe that is not a productive step. It is better to try to use the money for the right investment so that in the next 10 years our money will continue to grow because it has the benefits of the investment being carried out.

Savings are indeed important to do, but they must have the right percentage so that we can adjust. If we only focus on saving, how can we increase our income because money depreciates in the long term. Savings are made according to the right percentage to meet life and the rest can be used for investment or business.

Wakate

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Quote from: wahyuagung26 on May 31, 2024, 07:31:39 PM

Quote from: Assface16678 on May 29, 2024, 06:29:56 PM

This is true. Money is one of the most important things in the world. It is used to buy anything you want and anything you need, and if you have more money, more people will respect and look up to you.

Everything will be easy with money, money is one very important aspect in a person's life, because money will lead them to a more decent life, and honestly those who have more money have more honor, therefore money is very important. important to someone. now everything requires money for transactions or other uses.

Money is everything and we should all inspire to make money so that we can be get what we want. The major reasons why we see people trying their possible best to make money is because they want to be super rich so that they want always get what they wants without any much pressure. The love of money is increasing and we should be wise not to do something that would make us to follow the wrong path and make the money we intend to get.

Saving is one of the ways we can build portfolio for business we can start so that we can always make money from the market. Some persons are taking the wrong decision which we all have to avoid so we don't become too desperate to make money.

junmisakiro

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Quote from: Qiubell5 on June 02, 2024, 04:46:52 AM

Quote from: Assface16678 on May 29, 2024, 06:29:56 PM

This is true. Money is one of the most important things in the world. It is used to buy anything you want and anything you need, and if you have more money, more people will respect and look up to you.

Yes like thatwith money, our lives are much calmer and it gives our hearts peace from the many problems that can be overcome easily. With achievements like that, we can enjoy life and we always diligently save according to our abilities for a better life for the future make all hopes come true.

As the saying goes "Save now, enjoy later" this proverb describes how important it is for us to save now so that we can enjoy the benefits in the future. Of course, if one day economic conditions become chaotic, we have prepared things, such as financial security and the ability to meet urgent needs.

Qiubell5

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Quote from: Assface16678 on May 29, 2024, 06:29:56 PM

This is true. Money is one of the most important things in the world. It is used to buy anything you want and anything you need, and if you have more money, more people will respect and look up to you.

Yes like thatwith money, our lives are much calmer and it gives our hearts peace from the many problems that can be overcome easily. With achievements like that, we can enjoy life and we always diligently save according to our abilities for a better life for the future make all hopes come true.

Fiasem20

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Money is what we should spend wisely and not lavishly.Many people have gone back to square one because they failed to save or invest on their funds for future purposes.Saving and investing is not a thing of the present rather it a thing of the future,we save for future purposes.Money attracts people,definitely yes,people who are there to give you advice on how to go about your funds while the other set of persons are they to spend and lavish your money.I have a friend that was given an appointment and during the years of his appointment he never thought of saving nor investing and when it was the due time for him to step down,he came back to square one all because he failed to save or invest on his funds he was busy living a luxury, driving the latest cars and many more.The problem is not living a luxury life,you can live a luxury life and at same time save or invest your funds.

Awwal08

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Money is difficult to make, but to some people it is easy to spend, there is one fact about life, which is, sometimes you will find yourself in an easy situation while sometimes you will find yourself in a difficult situation, lavishing money is not a good idea, saving money is the best thing to do, when you have huge amount of money at hand spend it wisely and think about the future because you don’t know the kind of situation you would find yourself in the future, if you have money and you are spending it to people out of generosity they will continue praising you and if the praises is giving you joy you will continue spreading it, you are deceiving yourself, because if situation become difficult for you sometime they will turn their back at you.

When you have a lot of money at a particular time, use some of it and buy meaningful and important things that you will need, To avoid financial crises stop spending it on unnecessary things.

It is important to save money to overcome future problems, challenges and difficulties.

MissNonFall9

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Quote from: batang_bitcoin on May 24, 2024, 06:46:59 PM

Quote from: MissNonFall9 on May 24, 2024, 01:52:31 PM

Quote from: batang_bitcoin on May 21, 2024, 07:54:20 PM

Quote from: MissNonFall9 on May 21, 2024, 08:04:16 AM

Sorry for not being able to explain clearly. What I mean is that people in middle-class households cannot invest in anything they want because their limited income makes it difficult to manage the household. Those who have only one income field have less income, so they have to save first if they want to invest. I am not saying they will save to earn good profit. They will save to raise investment capital.

It's sad that from the poor to middle class are dealing with the same thing but obviously, the poor is the one that's struggling more. While before and several years ago, the middle class can live a lavish life without having any problem at all. And now, this seem to be the new poor description by being in the middle income earners. But there are a lot of middle class that are wise with what they earn and learned how to save and to invest properly so that they won't downgrade their lifestyles in the future.

Apparently, poverty-stricken people may appear to be struggling more when seeing their suffering. (sorry - I am not belittling them because I don't have the ability to belittle them) The middle class once lived a good life without any kind of calamity but in today's context it has become really difficult to live in an economic crisis with these rising market prices. I am saying that the suffering of the middle class is greater because they are far removed from their position and cannot tell anyone about this misery. In any case intelligence must be introduced through creative planning and action to manage life smoothly from now on.

That is the real situation now, almost everywhere in the world regardless of the kind of living and status of life in each country. You will see the huge gap of the rich and the poor with the middle class. But I think that middle class will be able to survive and adapt more with the situation because of them came from being poor and don't want to get back on that tough situation of their lives. I wouldn't classify myself as rich and I think I belong in the middle of middle-poor class.

Therefore not wanting to go back to the bad conditions of the past and trying to continuously improve the current situation is the key to the survival of the middle class. Not only the middle class but people of any class of profession have enough of this mentality to survive. The middle classes are willing to deal with any situation in front of them in return for an opportunity. For example suppose a person can afford to buy sugar for 100 taka per kg. If the price of one kg of sugar is 110 taka, then he is able to manage his family by buying sugar less than ten taka.

wahyuagung26

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Quote from: Assface16678 on May 29, 2024, 06:29:56 PM

This is true. Money is one of the most important things in the world. It is used to buy anything you want and anything you need, and if you have more money, more people will respect and look up to you.

Everything will be easy with money, money is one very important aspect in a person's life, because money will lead them to a more decent life, and honestly those who have more money have more honor, therefore money is very important. important to someone. now everything requires money for transactions or other uses.

stomachgrowls

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Quote from: Chilwell on May 31, 2024, 03:27:18 PM

Quote from: boty on May 31, 2024, 04:22:34 AM

Quote from: rangga28 on May 30, 2024, 05:06:24 AM

Quote from: boty on May 30, 2024, 02:35:07 AM

Telling other people that we regularly save does not necessarily mean that other people will have an interest in saving, because saving will really depend on the income they have and if they have an income that is only enough for their needs then it is very difficult for them to think about saving.
By saving we will certainly be able to prepare for a better future and for the emergency needs we need, because without savings for emergency needs it will certainly be very difficult to meet these needs when we need them.

Educating financial matters to colleagues is also very important as long as we know the limits in explaining them, meaning that we should not interfere excessively with other people's financial problems. The principle of saving is quite good for maintaining financial foundations, but not everyone will be able to do the same because of different sources of income and expenses. However, saving is also part of our character and how we see the future by compiling a directed life road map.

There's certainly nothing wrong with fellow workers in providing education in financial matters because we all do work to be able to earn income for our needs and if there's any left over we can save, I agree with what you said in terms of saving, it really depends on income. and also their expenses and it is impossible for them to have savings if the income they have is only enough for their needs.

I think when we talk of need it depends on the class we belong because no matter how rich we are it can't still fulfill our needs, only few among us are satisfied with what they have and those are the people that are contented with what ever they earn. In this life for someone to save money is very difficult because the income he earn can't cover all his needs but still someone have to try. Yesterday i was discussing with my younger ones tell them that they didn't enjoy like us when we are young but nevertheless its still better that way because then family responsibility are very little, we were staying in room and pallor that is just two rooms and now we have our own house with more than ten rooms but all this is acquired by cutting some of expensive that were surrounding us which we can do away with and still continue with our life.

When it comes to contentment then i would really be saying that only a few would really be on such state on which i would rather be beleiving that majority of us would really be tending to earn as much as we can.
There's no such thing about being enough in terms of money or possession because even into those rich people would really be still having that kind of thriving on having more because they do want to have that so much money on which it turns out that it would be just normal that people weould really be that greedy. The difference on here is that when it comes to probabilities on hitting up that target could vary on certain individual on which there are ones who could really be able to achieve those things and there are ones who do fail.

When we do speak or talk about savings then it would really be that entirely depending into someones decisions in life because there are ones who are really that mindful about their future on which they
do really believe that there's something that could happen specially the unexpected ones. This is why financial back ups will really be something that will be needed
and you would be finding its relevance at the moment that you are on such condition.

Chilwell

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Quote from: boty on May 31, 2024, 04:22:34 AM

Quote from: rangga28 on May 30, 2024, 05:06:24 AM

Quote from: boty on May 30, 2024, 02:35:07 AM

Telling other people that we regularly save does not necessarily mean that other people will have an interest in saving, because saving will really depend on the income they have and if they have an income that is only enough for their needs then it is very difficult for them to think about saving.
By saving we will certainly be able to prepare for a better future and for the emergency needs we need, because without savings for emergency needs it will certainly be very difficult to meet these needs when we need them.

Educating financial matters to colleagues is also very important as long as we know the limits in explaining them, meaning that we should not interfere excessively with other people's financial problems. The principle of saving is quite good for maintaining financial foundations, but not everyone will be able to do the same because of different sources of income and expenses. However, saving is also part of our character and how we see the future by compiling a directed life road map.

There's certainly nothing wrong with fellow workers in providing education in financial matters because we all do work to be able to earn income for our needs and if there's any left over we can save, I agree with what you said in terms of saving, it really depends on income. and also their expenses and it is impossible for them to have savings if the income they have is only enough for their needs.

I think when we talk of need it depends on the class we belong because no matter how rich we are it can't still fulfill our needs, only few among us are satisfied with what they have and those are the people that are contented with what ever they earn. In this life for someone to save money is very difficult because the income he earn can't cover all his needs but still someone have to try. Yesterday i was discussing with my younger ones tell them that they didn't enjoy like us when we are young but nevertheless its still better that way because then family responsibility are very little, we were staying in room and pallor that is just two rooms and now we have our own house with more than ten rooms but all this is acquired by cutting some of expensive that were surrounding us which we can do away with and still continue with our life.

chigo

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Quote from: Lidger on May 04, 2024, 03:21:26 PM

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.

this is the reality that is happening, people have difficulty in generating money, therefore maintaining money is now an obligation that everyone must do, inflation continues to occur in many countries at the moment and it cannot be stopped, our way to maintain our money can't be done carelessly, what we have to do is invest like investing in gold or cryptocurrency.

why don't I recommend investing in property, because right now people are thinking long and hard about buying a property.

boty

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Quote from: rangga28 on May 30, 2024, 05:06:24 AM

Quote from: boty on May 30, 2024, 02:35:07 AM

Telling other people that we regularly save does not necessarily mean that other people will have an interest in saving, because saving will really depend on the income they have and if they have an income that is only enough for their needs then it is very difficult for them to think about saving.
By saving we will certainly be able to prepare for a better future and for the emergency needs we need, because without savings for emergency needs it will certainly be very difficult to meet these needs when we need them.

Educating financial matters to colleagues is also very important as long as we know the limits in explaining them, meaning that we should not interfere excessively with other people's financial problems. The principle of saving is quite good for maintaining financial foundations, but not everyone will be able to do the same because of different sources of income and expenses. However, saving is also part of our character and how we see the future by compiling a directed life road map.

There's certainly nothing wrong with fellow workers in providing education in financial matters because we all do work to be able to earn income for our needs and if there's any left over we can save, I agree with what you said in terms of saving, it really depends on income. and also their expenses and it is impossible for them to have savings if the income they have is only enough for their needs.

AnonBitCoiner

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Quote from: SlowPP on May 30, 2024, 02:33:10 AM

I actually and genuinely agree with you mate,spend less but save some for later because when you loss your money you gonna loss Alot of people whom you think where just after the real you,not knowing they are just with you because you have what is to being giving which is money ,money is the roots of all evils,but really friends got your back with money none without they only believe in what you do.

Saving some amount for the future is a good idea and everyone should know the value of saving because if you have no money for emergency purposes then no one will help you in such dangerous circumstances.

Money is important but if someone is with you just for money then there is no need to have a friend like this. You should have the ability to differentiate between good and bad friends and if your friends are with you for their own purpose then I think he is not a true friend.

cryptoWODL

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Quote from: Oneandpure on May 30, 2024, 12:48:57 PM

I am so disappointed with bad money management since before marriage and realize how bad impact right now after marriage, indeed still has enough money in saving assets and received payment from my salary every month but when still single had many opportunity but never put in saving assets. I think very important for youth people right now and have no dependents how to manage well with money management by saving around 30% to 60% of your salary.
After marriage get difficult for spending above 30% for saving assets because you have more extra outcome every day and always not enough with how much salary received.
During has opportunity for saving money you must allocated more bigger than your money spending every month, you will get disappointed later after marriage with less saving fund in your pocket.

I will never be disappointed with less savings fund in my pocket after marriage. I am a married man myself. OP remember one thing man can't spend money freely after marriage like he can spend before marriage, because after marriage he has to take responsibility for maintenance of his wife. As a result, there is a lot of pressure on him to organize and run his household well even save a little money from it for the future.
And if we talk about single life then we spend whatever money we get from our job salary without thinking about future. You are right if we save 30% or 40% of our salary thinking about the future from single life or young life even if we save thinking about the new life that we will start after marriage then we will not be disappointed later which will lead to our beautiful life will enable.

MRY

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Quote from: Oneandpure on May 30, 2024, 12:48:57 PM

I am so disappointed with bad money management since before marriage and realize how bad impact right now after marriage, indeed still has enough money in saving assets and received payment from my salary every month but when still single had many opportunity but never put in saving assets. I think very important for youth people right now and have no dependents how to manage well with money management by saving around 30% to 60% of your salary.
After marriage get difficult for spending above 30% for saving assets because you have more extra outcome every day and always not enough with how much salary received.
During has opportunity for saving money you must allocated more bigger than your money spending every month, you will get disappointed later after marriage with less saving fund in your pocket.

When you are married like this, you really have to pay close attention to economic conditions because you have to provide food and life for your partner. If your economic condition before marriage was very good and you had a lot of money but you couldn't produce anything that you can enjoy now, then never mind, don't ever regret what has happened. Make this an important lesson to be better in the future and start managing your financial condition well now.

Ever-young

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Quote from: electronicash on May 04, 2024, 05:12:25 PM

people who criticize are always the ones who haven't achieved more than you have. It's always that way when you have money, they come forward and be on your side but when you have nothing, you are set aside and even discredits your achievements.

it's best to just keep silent when you have money and never show them your success. not everyone on your side is your friend. sometimes they are just waiting for your failures.

I totally agree with you, and there are some people who claims they are our friends especially when we have money and you are spending too but once your money is finished, they will leave you by your to go and meet someone who has money and when you need their help, they won't help you even if they do, they will do that just to mock you or even insult you, forgetting you have once help them, those kind of money need to be avoided and also we should learn how to manage on how we spend our money in order not to fall a victim of embarrassment.

Oneandpure

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I am so disappointed with bad money management since before marriage and realize how bad impact right now after marriage, indeed still has enough money in saving assets and received payment from my salary every month but when still single had many opportunity but never put in saving assets. I think very important for youth people right now and have no dependents how to manage well with money management by saving around 30% to 60% of your salary.
After marriage get difficult for spending above 30% for saving assets because you have more extra outcome every day and always not enough with how much salary received.
During has opportunity for saving money you must allocated more bigger than your money spending every month, you will get disappointed later after marriage with less saving fund in your pocket.

Topic: Take care of your money and learn to save. - page 8. (Read 2856 times)