Topic: Try to save money while you still can, will you ? - page 11. (Read 2662 times)

As humans, we always have some primary needs and some secondary needs. Those things that we don't really need at that moment, those needs that can wait for some moments before we settle them, it's usually okay to set aside those needs at least for another month and save the money you would have used for them (set aside the need, save the money); maybe next month you get them. For example, let's say I need an earphone. While I still have an old earphone, I can manage for a month or two, so probably I can still set aside the money I intend to spend on the earphone and perhaps get it when it's totally bad. By then, I would have saved the money for that month and used my next month's salary to purchase it.


I agree with you. no matter how little a person earns, that is when you will know if they have the ability to save. There are people who earn a huge amount but don't save because they don't know how to save. but someone who is even earning a little is able to save. I just noticed that human beings ability to save is a skill that some people are bound to develop out of self-discipline, while others are just born with the skill already, some people don't have it at all so they can't save money. Also, some people's ability to save depends on being influenced by their friends and upbringing. There was a time in my life when my grandma would say to me, "Son, you need to save so that the day you don't have any money, you wouldn't be stranded but rather you would have your savings to save you from any emergency you might find yourself in. Is good to just save little by little forgoing some secondary needs for another time, no matter how small the salary is.


@kingvirtus09, It is good to invest or save in Bitcoin as long as you are willing to hold it and not be a weak hand that will sell when the market is bearish and dipping. It's also good to have some fiat savings for emergencies; I don't think it's really good to save Bitcoin for emergencies due to how emergencies can just arise at anytime, which could force you to sell off your Bitcoin when the price is still low. I will suggest that one invest in Bitcoin while still having some fiat.

Savings have no limit to economic status so anyone with a low income can save according to the income earned and not necessarily every month, it can be every 2 months or more, the important point is that we have savings for urgent needs even though it will take time to reach the minimum savings value, but having savings will relieve us for urgent needs. So start saving from now and even though low income is not a barrier to being able to save, you will consistently be able to accumulate large savings in the next few months.

If you are not a capable person, you will not be able to accumulate savings in the future for emergencies or unexpected things that will happen to you at the time you need them.  And there are also many options for you to save, either fiat itself or cryptocurrency such as Bitcoin,
it's up to you what you choose. But if you ask me, Bitcoin or another cryptocurrency that has the potential to bring you income is better.

Is always good to save money while you can, even if your salary is not much, saving a little from it is very important, should incase of emergency, because the need can arise any moment, for instance during the global Pendamic there was lack of money and Economy was down, so many people suffered to feed due to inability to save while they can.

Everyone who understands and thinks about the future, of course they will always try to save when their financial condition allows for this. but for some people, sometimes there are situations where it is very difficult to set aside money. because their income is not that big and only enough to meet their current needs. but making a more efficient lifestyle can help us to be able to save even though we don't have a large income. and saving is about habit. so need to get used to it from the start. can start with small savings but discipline and consistent.

If am ever placed with the opportunity to make savings then i will never hesitate from taking good use of this opportunity because it's not everyone working and earning were able to make savings drom what they get, no matter how little or much we had, we must develop a very good habits for saving some money for the sake of the future, we cannot predict wjat tomorrow may be or offer but as we all expect the good, we should also get set and olan ahead for he worst coming.

Saving money is also not a problem if one day the money will be used to do business or open a business that can be profitable. However, if someone is afraid of losing the value of the money he has saved if it is not used for a long time, even though I don't think it is for some reason. He can save gold with some of the money he has and the rest can be used into Bitcoin investments to find more valuable profits if he can be very lucky with the investment.

Saving can help you in short period of time for financial burdens but realistically in long run your saved money value will fall down greatly .
The rate with which currencies are depreciating and inflation rate is increasing you have to think sensibly to make use of your saved money so that it shouldn't get freeze in some bank . Rather than that invest it somewhere profitable so that you get the returns.

Savings depends from how you set your goals and desperately make it come true, we do have lots of difficulties as the economy of most countries are really struggling but if you know how to work it out and you can add some side hustle with your stable job, then surely you can find a way to save a good amount of money.

It's a practice that will let you continue achieving your goal to save your money, without your focus and without your determination. Saving can just only be a word of mouth but not in reality in life.

Not only on having that day stable job to have in mind but also having that side income or hustles which is something that would be putting you into a situation where you could be able to withstand on whatever

economic hardship or bad conditions you would be able to face on.Saving is should really be in default because we do know that in life, there's no such thing about guarantees for you not to be able to experience
difficulties or emergencies on which it is really just that right on having those savings or financial back ups.Not everyone is really that goodwhen it comes to this kind of condition
on which you are really that having the capability on doing so.Savings is depending on someones earning power because not all is really that earning decent.

of course we are facing gloomy times with an unstable economy so far, as for what to do now is to prepare ourselves if we also experience difficult times in the future.
the way that needs to be prepared now is to have a steady job so that there is adequate income every day or month, then it is also necessary to set aside a little for savings. and the most important thing is that there is a side job that can stabilize our finances

Yes it sounds realistic, but there are some people who do it even though they have a lot of burdens, I noticed my parents who work as laborers but they can still save for certain days such as celebrations or anything that requires a lot of money to be spent even though a laborer agriculture, if calculated in an accumulated manner every month the money my father earns is of course not enough to meet the needs of his children and wife if calculated normally, but somehow he can still save, I think that whatever income we get if we respect money is better and can set aside a small portion of the money we get to save, I think it can even though it has a lot of financial burdens. Simplifying needs is one way to be able to save.

Any person who can face such a problem, his good situation of his life will definitely change and usually even the behavior. So for the people out there, we must be careful with our actions and words if we experience a very difficult situation like the one mentioned above. That behavior does not help our problem, it just makes it worse. I have had the same experience as him, so that's why I can say that.
So instead of focusing on the problem, let's focus on what we can do so that we can survive in our daily life.

Nothing but to agree with your statement OP, if you can utilize your expenses and you can really set the limits those save money can really help you a lot in saving your spare, if you can continue placing those spare in your savings account and you just maximizing what you can only spend and not to force things in a luxurious type of lifestyle that can push you to loan or use your credit cards, those are simple things that can reflect in a much bigger financial saving.

As a week, months or year will pass with save spare incomes, then the reflection of your financial stand will surely be felt.

Inflation will eat into the value of savings if kept in fiat, so most of it is worth keeping in something of value, like items or commodities. I saw my musical instruments rise in price due to inflation, this can also be a good way for those who understand something about instruments, since a good instrument can always be sold for a good price. But for everyone it can be their own goods in which they understand.

Setting goals is easy to do you can imagine or think of it in just one night but implementing or having it to achieve takes time its because youll going through a lot of things. We should not only think the goals , think also how will you implement it like how would you achieve and what are the process so that you can make it. That is really the best to plan out the things to do so that we are sure that we can achieve it

Saving is not easy for people like us whose income is just enough for daily expenses. We are lucky if we earn $20 per day which we know is enough and if there is anything to save, it is definitely only 1 to 5 percent especially if you are the only breadwinner for your family.

It's hard to imagine that there are countries where the wages are really low and the prices are still high on a daily basis.

The best thing I can do is find a sideline to make money online and I will turn that into a savings to have something to use in case of something important to spend. It's hard to count on a salary increase, it's better to act on our own to make things happen by saving little by little.

It is absolutely true for anyone to focus on their financial goal and disregard all distractions. One thing I could not understand most people's behavior is that they are very good at explaining all pros and cons of many issues but never achieved anything to feel the pros and cons in real life. Speaking of financial goals, we don't have to set a big goal as achieving million dollars but only to save dozens of bucks every week or month. Truth is, a lot of us spend too much money on unnecessary things like extra clothes, a few more beers at a bar. If we can be more self-disciplined and don't get distracted by unnecessary doings, goals will be achieved more easily.

As a friend, it may be a good idea to help your friend manage their money properly, such as providing advice or recommendations for financial advice or providing helpful materials or reading resources. In this case, investing may be a good option to help your friend achieve their long-term financial goals. Because as a friend, it is an obligation to encourage or give advice to him.

Therefore saving is a very important action to prepare for an uncertain future. However, apart from savings, investment is also something that needs to be considered in order to maximize return on investment and reduce the risk of inflation. However, it is of course important to understand the risks involved in investing and only make investments that suit your risk profile and personal financial needs. By saving and investing wisely, we can ensure our financial stability in the future.

As said investing is the best way to survive. With time the purchasing power of currencies keeps declining. However when we have some savings this can help at the needful. When it comes to investment, our mind won't accept to make use of it, if the investment is at the loss when we require it. Investment is kind of gamble when we look for immediate returns, so understand the risk and decisions need to be made. Amidst the declining purchase power of currencies it is always good to prioritise saving.