Topic: The savings problem - page 5. (Read 1932 times)
PPP is declining in most countries. It looks like the whole world economy is going to see a recession. Unemployment problems, higher educational and medical expenses, disease and war in various parts of the globe caused some instability which caused this imbalance. Also the capitalist system makes the wealthiest more wealthy and poor people poorer. So when poor people can not afford most of the primary needs, wealthy people can afford everything.
Wage stagnation, skyrocketing houses, and shrinking buying power – these ain't just temporary hiccups, they're chronic illnesses plaguing our economic system. But just like any sickness, we can treat it! So, how do we fix this? We gotta get financially savvy, because the game has changed since our parents' time. We need the skills to navigate this new landscape, not just earn money, but spend wisely, save smartly, and invest like bosses. Technology can be our friend here – apps, online courses, forums – all helping us become financial ninjas. But remember, knowledge is power only if it's accessible, so let's make these resources easy to find and understand.
The difficulty many people have setting aside a portion of their income for goals or needs in the future is known as the "savings problem.This problem has multiple contributing factors.
Low Income: After paing for necessities, those with lesser salaries frequently find it difficult to save money.
High Expenses: Because living expenses—which include housing, healthcare, and education—are on the rise, there may not be many opportunities for savings.
Debt: Having a lot of debt, such as credit card debt or school loans, can make it difficult to save money because a significant portion of income is devoted to servicing debt.
Emergency Expenses: Unexpected costs associated with health care or auto maintenance can wipe out savings or keep people from accumulating emergency funds.
Short-Term Thinking: Some people don't save enough money because they put their short-term desires ahead of their long-term financial objectives.
Leadership Deficit: Some people might not know how to handle their money well or how important it is to save.
Low Income: After paing for necessities, those with lesser salaries frequently find it difficult to save money.
High Expenses: Because living expenses—which include housing, healthcare, and education—are on the rise, there may not be many opportunities for savings.
Debt: Having a lot of debt, such as credit card debt or school loans, can make it difficult to save money because a significant portion of income is devoted to servicing debt.
Emergency Expenses: Unexpected costs associated with health care or auto maintenance can wipe out savings or keep people from accumulating emergency funds.
Short-Term Thinking: Some people don't save enough money because they put their short-term desires ahead of their long-term financial objectives.
Leadership Deficit: Some people might not know how to handle their money well or how important it is to save.
That's right, the future is determined by ourselves today, if we always spend money on things that are not too important or even useless then of course we can experience unfavorable or even bad situations. Many young people today have so much prestige that many of them only think about the style that is currently trending and in my opinion it is only temporary. Few people or young people have good thoughts, thinking about the future. People like this, in my opinion, tend not to have a luxurious style, because they think about the future they will face.
Saving money is not only to determine the future, but it also helps us in dealing with a problem or disaster that occurs suddenly, and by having savings it is the same as having an emergency fund that can be used at any time if it is needed because of a very important situation.
Young people wont really be minding about savings or in related with investment considering that they are still that highly dependent from their parents. Lucky for you if you do have wealthy family then it wont really be that much a problem for you to mind on but if you are on middle class or poor ones then it would really be just that right that you should really be mindful as early as possible. You would really be needing to be that wiseSaving money is not only to determine the future, but it also helps us in dealing with a problem or disaster that occurs suddenly, and by having savings it is the same as having an emergency fund that can be used at any time if it is needed because of a very important situation.
on trying out to build on what your future would be. If you wont really be that making yourself making such step then expect that you wont really be seeing progress in your life.
This is why it would really be that important that you should really be mindful about the things that you are dealing with. Avoid on being a spender even into your younger days because
you would really be able to feel out that you should be saving it up instead on the time you do spend up that much.
In my opinion, being too or always dependent on parents is also not good, even though for example I have parents who have a lot of wealth, that doesn't mean I have to relax and enjoy my youth without thinking about the future, of course the future is determined by us ourselves, the problem is What happens a lot is that some young people depend on their rich parents, but in my opinion, if it continues like that, other people's views won't always be good, right?
In my opinion, people who usually depend on their rich parents tend to be spoiled, not afraid of running out of money, always wasteful in managing money. It's okay to be spoiled as long as you know your limits, don't let your parents spoil you too much, like wanting your parents to grant all our wishes, that's not a problem, but if it's too much then the views of other people in my opinion will not be good at all. because wise people are those who want to be successful through their own efforts and hard work, working hard with support from parents is good, and with hard work we will have a good income and also have to manage finances well, be able to divide which needs and which needs. saved and which we can snack on every day.
I can tell about this problem by observing how most people live in my country. Loans for almost everything force people to work seven days a week. Closing one loan, another opens, and people live in debt without free money that could be invested. From here, it is noticeable that people are in a hole of debt, regularly saving every penny.
But yes, our desires do not end, and we can say that we can stop everything, but the pace of life and the developed habit of earning money practically do not allow people to stop and think that they can live differently.
But yes, our desires do not end, and we can say that we can stop everything, but the pace of life and the developed habit of earning money practically do not allow people to stop and think that they can live differently.
I think this is due to a lack of money management, because there are so many applications or banks that are openly competing to provide loans with low or no interest.
that's what causes this generation to be trapped in debt.
I've seen some of my friends use it to cover their needs. I didn't ask why he borrowed money, I was afraid he would be offended.
but for most people born in 2000, borrowing money is almost a natural thing here, there are so many cases.
You say that the value of savings is disappearing among the population, especially among the youth, and I think that the economy is not helping this situation, but if there's a will, there's a way. People need to get a financial education and read books that help them in their jobs. Because most of these problems arise because people don't distribute their income properly and leave expensive items for the future.
In a society where inflation seems to be the order of the day, savings seems to be pretty much a bad idea. I mean, why would you save when all you’ve got piled away could be devalued to worth almost nothing.Somehow, savings isn’t an abandoned act within the youth with a particular focus on how they could enhance their growth and financial freedom. Most youths with some great deal of discipline still do themselves the favour of having to save. Save with a particular intent of providing securities for their future. Those who have this understands wouldn’t give much importance to what the devaluation of currency might be. You still get to save no matter what.
bank deposit is one way to fight inflation for our saving if we truly want to eliminate any possibility of the value of the wealth that we are saving being eaten up by the inflation.
after all, world is evolving, economy getting more complex, just saving some money off our spending won't be sufficient, and today investing is more accessible than ever even for those with smaller capital.
The stability of the currency has gone down but the backing to house mortgages has gone up which in theory is of benefit if you can secure that debt at the subsided cost that government is now part of. I find that especially true for 25 year fixed rate mortgages, Im not sure anywhere else in the world might offer such a rate except perhaps Japan not sure, the common point there is QE. The main problem evident from that is you must follow government policy where as previously when you earnt the money it was good for anything you wanted including just saving it. Now if you save it the value is lost so that is not a valid path anymore hence houses are over valued and over used as storage of wealth in the long term especially.
You say that the value of savings is disappearing among the population, especially among the youth, and I think that the economy is not helping this situation, but if there's a will, there's a way. People need to get a financial education and read books that help them in their jobs. Because most of these problems arise because people don't distribute their income properly and leave expensive items for the future.
In a society where inflation seems to be the order of the day, savings seems to be pretty much a bad idea. I mean, why would you save when all you’ve got piled away could be devalued to worth almost nothing.Somehow, savings isn’t an abandoned act within the youth with a particular focus on how they could enhance their growth and financial freedom. Most youths with some great deal of discipline still do themselves the favour of having to save. Save with a particular intent of providing securities for their future. Those who have this understands wouldn’t give much importance to what the devaluation of currency might be. You still get to save no matter what.
If we want financial freedom, of course we have to be able to have savings and we have to find a way so that the savings we have will not have any impact on inflation, because if we don't have any savings to prepare for the future, of course this will be very difficult when facing something. which we cannot predict in the future.
Young people wont really be minding about savings or in related with investment considering that they are still that highly dependent from their parents. Lucky for you if you do have wealthy family then it wont really be that much a problem for you to mind on but if you are on middle class or poor ones then it would really be just that right that you should really be mindful as early as possible. You would really be needing to be that wise
on trying out to build on what your future would be. If you wont really be that making yourself making such step then expect that you wont really be seeing progress in your life.
This is why it would really be that important that you should really be mindful about the things that you are dealing with. Avoid on being a spender even into your younger days because
you would really be able to feel out that you should be saving it up instead on the time you do spend up that much.
The younger generation must change their thinking about the importance of saving for the future. Currently, many young people rely on their parents' income and in comfort zone without thinking about saving or investing in the future. Still not have pressure and responsibility with their family is easily for young people allocated several percent of their salary for saving fund or put it in investment assets with bitcoin or other investment kinds. on trying out to build on what your future would be. If you wont really be that making yourself making such step then expect that you wont really be seeing progress in your life.
This is why it would really be that important that you should really be mindful about the things that you are dealing with. Avoid on being a spender even into your younger days because
you would really be able to feel out that you should be saving it up instead on the time you do spend up that much.
Get difficult money management controlling later when having family although get higher salary payment, don't make comfortable position when having family support us financial but make its opportunity as the way for saving or investment when receiving payment from salary. Can't guarantee with smooth income in the future and have chance for saving money better allocate it for several percent when losing job has saving assets in the Bank.
Young people wont really be minding about savings or in related with investment considering that they are still that highly dependent from their parents. Lucky for you if you do have wealthy family then it wont really be that much a problem for you to mind on but if you are on middle class or poor ones then it would really be just that right that you should really be mindful as early as possible. You would really be needing to be that wise
on trying out to build on what your future would be. If you wont really be that making yourself making such step then expect that you wont really be seeing progress in your life.
This is why it would really be that important that you should really be mindful about the things that you are dealing with. Avoid on being a spender even into your younger days because
you would really be able to feel out that you should be saving it up instead on the time you do spend up that much.
The younger generation must change their thinking about the importance of saving for the future. Currently, many young people rely on their parents' income and in comfort zone without thinking about saving or investing in the future. Still not have pressure and responsibility with their family is easily for young people allocated several percent of their salary for saving fund or put it in investment assets with bitcoin or other investment kinds. on trying out to build on what your future would be. If you wont really be that making yourself making such step then expect that you wont really be seeing progress in your life.
This is why it would really be that important that you should really be mindful about the things that you are dealing with. Avoid on being a spender even into your younger days because
you would really be able to feel out that you should be saving it up instead on the time you do spend up that much.
Get difficult money management controlling later when having family although get higher salary payment, don't make comfortable position when having family support us financial but make its opportunity as the way for saving or investment when receiving payment from salary. Can't guarantee with smooth income in the future and have chance for saving money better allocate it for several percent when losing job has saving assets in the Bank.
You say that the value of savings is disappearing among the population, especially among the youth, and I think that the economy is not helping this situation, but if there's a will, there's a way. People need to get a financial education and read books that help them in their jobs. Because most of these problems arise because people don't distribute their income properly and leave expensive items for the future.
In a society where inflation seems to be the order of the day, savings seems to be pretty much a bad idea. I mean, why would you save when all you’ve got piled away could be devalued to worth almost nothing.Somehow, savings isn’t an abandoned act within the youth with a particular focus on how they could enhance their growth and financial freedom. Most youths with some great deal of discipline still do themselves the favour of having to save. Save with a particular intent of providing securities for their future. Those who have this understands wouldn’t give much importance to what the devaluation of currency might be. You still get to save no matter what.
It's very easy to spend money we earned than saving them because we cannot be completely done with budget needs, however, there are wants and needs from our budget plans, we must also administer the way to properly manage our asset in other not to waste them on what are not going to be profitable on us, another thing is to help the source to our income by making efforts on additional source in other to have alternative or backup, so that the income will be sufficient enough for both savings and expenses.
Exactly, knowing the difference between wants and need is very important when you are trying to save some money; you will be overlooking your wants and focus only on the needs so as to save some funds for future. To achieve that, you have to avoid peer pressure because that is one of the main reason young people don't save money, they will always be looking at their colleagues so as to have all the have as well.You also need another source of income, depending only on your salary cannot make you become rich, it will always be either you are satisfied with what you have, or the money will not be enough for your needs, because of that, you need extra source of income to be able to save and plan for your future.
People normally be saving up money for the future on which they would really be having that kind of default thinking but due to those life situations and conditions on which
you would really be ending up on saving up unwisely specially if you are really that focusing that much on spending on things which are shit then you would
really be ending up on a shitty situation. This is something that you should really be avoiding in the first place.
You should know on how to save because life situations could really be having those unexpected events on which it would really be pertaining on
financial back up and this is where savings would really be working on.
Saving money is not only to determine the future, but it also helps us in dealing with a problem or disaster that occurs suddenly, and by having savings it is the same as having an emergency fund that can be used at any time if it is needed because of a very important situation.
on trying out to build on what your future would be. If you wont really be that making yourself making such step then expect that you wont really be seeing progress in your life.
This is why it would really be that important that you should really be mindful about the things that you are dealing with. Avoid on being a spender even into your younger days because
you would really be able to feel out that you should be saving it up instead on the time you do spend up that much.
The reality is, people do not actually rely from saving anymore, but by taking a loan as they get instant approval most especially if they present good and stable sources of income. With that, the essence of saving most especially for the younger ones have started to vanish until out of 10 workers, only 1 is able to do so.
That’s how fast and influential the changes are. If there are no instant loan offers, they will be encouraged to work hard and save more. But this is the reality now, people are dependent already on what is instant than taking a long process like saving for their future.
The above discussion highlights some crucial aspects of the savings issue, underlining the urgency of improving financial education, especially among the younger generation. A better understanding of financial management is expected to help people make wiser decisions regarding savings and loans. It was also highlighted that some individuals may face difficult economic conditions, making it difficult to save. Therefore, additional measures from the government or financial institutions may be needed to help people overcome their economic difficulties. The above discussion also proposes the importance of education on wise financial alternatives as a solution to encourage people's motivation to save and invest, creating long-term financial security. In addition, the role of financial institutions in providing financial products and services that support people's economic sustainability is emphasised, implying the need for review and adjustment of their policies. That’s how fast and influential the changes are. If there are no instant loan offers, they will be encouraged to work hard and save more. But this is the reality now, people are dependent already on what is instant than taking a long process like saving for their future.
It's very easy to spend money we earned than saving them because we cannot be completely done with budget needs, however, there are wants and needs from our budget plans, we must also administer the way to properly manage our asset in other not to waste them on what are not going to be profitable on us, another thing is to help the source to our income by making efforts on additional source in other to have alternative or backup, so that the income will be sufficient enough for both savings and expenses.
Exactly, knowing the difference between wants and need is very important when you are trying to save some money; you will be overlooking your wants and focus only on the needs so as to save some funds for future. To achieve that, you have to avoid peer pressure because that is one of the main reason young people don't save money, they will always be looking at their colleagues so as to have all the have as well.You also need another source of income, depending only on your salary cannot make you become rich, it will always be either you are satisfied with what you have, or the money will not be enough for your needs, because of that, you need extra source of income to be able to save and plan for your future.
People normally be saving up money for the future on which they would really be having that kind of default thinking but due to those life situations and conditions on which
you would really be ending up on saving up unwisely specially if you are really that focusing that much on spending on things which are shit then you would
really be ending up on a shitty situation. This is something that you should really be avoiding in the first place.
You should know on how to save because life situations could really be having those unexpected events on which it would really be pertaining on
financial back up and this is where savings would really be working on.
Saving money is not only to determine the future, but it also helps us in dealing with a problem or disaster that occurs suddenly, and by having savings it is the same as having an emergency fund that can be used at any time if it is needed because of a very important situation.
However, for those who are single or unmarried, at least they can still make a plan to save so that it won't be so difficult to support their own family when they are married and ensure that their partner also has a job so that the level of income they get later can be more and they don't have to borrowing to cover the family's basic needs in life.
It is quite difficult to keep a job for a family member who has most responsibilities for the kids. Keeping the job requires hiring someone who will watch a newborn family member and this makes the expenses bigger. Sometimes it is cheaper to take care of a baby by yourself then to hire a professional babysitter. That’s why the situation, where two adults meet each other and start family, when both of them are working and having stable salary, is close to impossible, at least for the first time when they will have an increase in family.
Before thinking about adding family members, it is very important for couples to have a plan to have a stable income so that they can meet their family's needs and still be able to save for their other needs.
Still, it is so unadvised for one to be practically redundant, what if something bad happens to the breadwinner of the family? I will never subscribe to that unless she just didn't secure a job despite all the couple's efforts. Bills payment is a must whether we like it or not, and the more we pay it with a low-paying job, the more it can be frustrating which is what takes me to the point that all families must ensure that they are financially free. If not, they should not rest but strive more to secure a better job or add more earning means to the one(s) they have. People often complain really, and I know a whole lot that will be in their comfort zone and continue to complain, but bro, it doesn't work that way, you push it before it moves, not otherwise unless you are just lucky. If both couples can be earning well, I can assure you that there will be no issues in the family regarding finances and more money will also be available to either save, invest or use to build their house or acquire properties. And life goes on. It is only the lazy or health-challenged people that should panic, once we can think and make the necessary moves, I am sure that our lives will not remain the same.
Working for both parents makes sense not only because of the increase in wealth, but also because a person needs different spheres for self-expression and affirmation. And being a parent only is not enough for most modern people. But here you need to understand that creating conditions for your own development and time for yourself means that someone else should spend time with your child. Someone who will influence her development. And you need to understand whether you agree with this, especially when it comes to a very young child.
yes raising kids aint cheap, but people still have kids.
I know that, I have a little baby and I take care of him most of the time. However, I don't loose the desire to work. Not only because I want to earn my own money, but also because I want to raise my self-esteem and not to be perceived only as a mother.
Raising kids is not an easy thing, but this is manageable when both are working. For the first three years, it used to be difficult. Why don't the father or mother take responsibility for taking care of the child and the other take responsibility for the financial needs through the job? This means a family gets fulfilled, and there is no need to spend much on a nanny or babysitter. When we want our lives to be more enjoyable, we need to sacrifice a little, three-year break to take care of the child, which will make us happy for the rest of the years. In simple terms, where there is will, there is way.
Because this time is longer than it seems. Because a parent doesn't want to fall out completely from a working process. That is why many parents try to join their work and home responsibilities.
There are really indeed life situations on which it is really that inevitable for you to avoid on which you dont really have no choice but to sacrifice one of those things just for you to save up money.
Just like on the situation you have pictured out on which there's no way that you could really be able to work well if you do have a newborn baby on which having both husband and wife
which you do have your own jobs would be an advantage but due to that condition then one of you would really be needing to give up on which it would be usually your wife would be the ones who
would really be giving up their job just to focus out on babysitting or taking care of it rather than on getting a maid.If your salary could be able to patch up then it might be
considered on getting one and proceed but well it would really be just that depending on you.
Just like on the situation you have pictured out on which there's no way that you could really be able to work well if you do have a newborn baby on which having both husband and wife
which you do have your own jobs would be an advantage but due to that condition then one of you would really be needing to give up on which it would be usually your wife would be the ones who
would really be giving up their job just to focus out on babysitting or taking care of it rather than on getting a maid.If your salary could be able to patch up then it might be
considered on getting one and proceed but well it would really be just that depending on you.
For couples who both work, it will be very difficult to take care of their family if their child is still a toddler and they have to hire someone else to take care of their child, of course they have to pay for the worker and if each partner really understands and chooses to take care of the family themselves. then the couple stops working and taking care of their family and has to look for additional income from their husband to increase their income because their partner is the only one who works.
Before thinking about adding family members, it is very important for couples to have a plan to have a stable income so that they can meet their family's needs and still be able to save for their other needs.
Before thinking about adding family members, it is very important for couples to have a plan to have a stable income so that they can meet their family's needs and still be able to save for their other needs.
In Switzerland, for example, the necessity to hire a babysitter becomes an obstacle and even a reason for being child free. Because a couple usually has to pay almost whole salary which one of them makes to afford a nanny. Often young adults don't want to sacrifice all of their income just to give it away to another person. And they choose to continue working and living a life without such a responsibility as a baby. I find it rather sad, honestly. Because most of them regret not having kids when they grow older. However, I can understand that reason, because the opportunity to make and to save money is very important for a self esteem.
It's very easy to spend money we earned than saving them because we cannot be completely done with budget needs, however, there are wants and needs from our budget plans, we must also administer the way to properly manage our asset in other not to waste them on what are not going to be profitable on us, another thing is to help the source to our income by making efforts on additional source in other to have alternative or backup, so that the income will be sufficient enough for both savings and expenses.
Exactly, knowing the difference between wants and need is very important when you are trying to save some money; you will be overlooking your wants and focus only on the needs so as to save some funds for future. To achieve that, you have to avoid peer pressure because that is one of the main reason young people don't save money, they will always be looking at their colleagues so as to have all the have as well.You also need another source of income, depending only on your salary cannot make you become rich, it will always be either you are satisfied with what you have, or the money will not be enough for your needs, because of that, you need extra source of income to be able to save and plan for your future.
People normally be saving up money for the future on which they would really be having that kind of default thinking but due to those life situations and conditions on which
you would really be ending up on saving up unwisely specially if you are really that focusing that much on spending on things which are shit then you would
really be ending up on a shitty situation. This is something that you should really be avoiding in the first place.
You should know on how to save because life situations could really be having those unexpected events on which it would really be pertaining on
financial back up and this is where savings would really be working on.
In Switzerland, for example, the necessity to hire a babysitter becomes an obstacle and even a reason for being child free. Because a couple usually has to pay almost whole salary which one of them makes to afford a nanny.
whole salary nanny is usually min wage salary, so the childs parents prefer to start having kids when in a career earning 2x salary each, meaning 4x min wage household to afford the 1x salary for part time childcareOften young adults don't want to sacrifice all of their income just to give it away to another person. And they choose to continue working and living a life without such a responsibility as a baby. I find it rather sad, honestly. Because most of them regret not having kids when they grow older. However, I can understand that reason, because the opportunity to make and to save money is very important for a self esteem.
many people have this in their minds when they are late teens early 20's living on minimum wage. they either choose to be stay at home parent or dont have kids until they have a career.
when they have a career earning 2x+ of min wage then they start thinking of starting a family. which is why most people dont start a family until late 20's early 30's
many women are lucky enough to have their family (childs grandparents/uncles, aunts) to help reduce the costs of child care. and many governments have welfare schemes of child care vouchers. thus giving as much opportunity to work and have a family
yes raising kids aint cheap, but people still have kids.
There are really indeed life situations on which it is really that inevitable for you to avoid on which you dont really have no choice but to sacrifice one of those things just for you to save up money.
Just like on the situation you have pictured out on which there's no way that you could really be able to work well if you do have a newborn baby on which having both husband and wife
which you do have your own jobs would be an advantage but due to that condition then one of you would really be needing to give up on which it would be usually your wife would be the ones who
would really be giving up their job just to focus out on babysitting or taking care of it rather than on getting a maid.If your salary could be able to patch up then it might be
considered on getting one and proceed but well it would really be just that depending on you.
Just like on the situation you have pictured out on which there's no way that you could really be able to work well if you do have a newborn baby on which having both husband and wife
which you do have your own jobs would be an advantage but due to that condition then one of you would really be needing to give up on which it would be usually your wife would be the ones who
would really be giving up their job just to focus out on babysitting or taking care of it rather than on getting a maid.If your salary could be able to patch up then it might be
considered on getting one and proceed but well it would really be just that depending on you.
For couples who both work, it will be very difficult to take care of their family if their child is still a toddler and they have to hire someone else to take care of their child, of course they have to pay for the worker and if each partner really understands and chooses to take care of the family themselves. then the couple stops working and taking care of their family and has to look for additional income from their husband to increase their income because their partner is the only one who works.
Before thinking about adding family members, it is very important for couples to have a plan to have a stable income so that they can meet their family's needs and still be able to save for their other needs.
Before thinking about adding family members, it is very important for couples to have a plan to have a stable income so that they can meet their family's needs and still be able to save for their other needs.
In Switzerland, for example, the necessity to hire a babysitter becomes an obstacle and even a reason for being child free. Because a couple usually has to pay almost whole salary which one of them makes to afford a nanny. Often young adults don't want to sacrifice all of their income just to give it away to another person. And they choose to continue working and living a life without such a responsibility as a baby. I find it rather sad, honestly. Because most of them regret not having kids when they grow older. However, I can understand that reason, because the opportunity to make and to save money is very important for a self esteem.
The reality is, people do not actually rely from saving anymore, but by taking a loan as they get instant approval most especially if they present good and stable sources of income. With that, the essence of saving most especially for the younger ones have started to vanish until out of 10 workers, only 1 is able to do so.
That’s how fast and influential the changes are. If there are no instant loan offers, they will be encouraged to work hard and save more. But this is the reality now, people are dependent already on what is instant than taking a long process like saving for their future.
You say that the value of savings is disappearing among the population, especially among the youth, and I think that the economy is not helping this situation, but if there's a will, there's a way. People need to get a financial education and read books that help them in their jobs. Because most of these problems arise because people don't distribute their income properly and leave expensive items for the future.That’s how fast and influential the changes are. If there are no instant loan offers, they will be encouraged to work hard and save more. But this is the reality now, people are dependent already on what is instant than taking a long process like saving for their future.
I think the value of saving is not disappearing in youth because now a days you will have seen that people save more often after which they initiate investment. In present age there is a limited job opportunities as a result of which people prefer investment which can make their future prosperous.
Those who don't know the value of saving cannot realize that how to spend money with planning. They spend huge money without thinking about it so they regret for it in future and then they want to make saving and investment but they are unable to do so therefore make a plan on time and get financial education that can help you to spend well and save more.
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