Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
Topic: Try to save money while you still can, will you ? - page 17. (Read 2632 times)
Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
I often times see people live extravagant lifestyle all because the feel they're making too much money and deserve some weldone treatment, not a bad one though but many of these persons do not have
1. Savings
2. Investments/side hustles
3. Plan B.
And this are very important things to have in as much as life is concerned, cause in as much as we never pray for the worst, we're expected to live our life for the best while expecting the worst.
Please guys, let's encourage our young ones to learn a skill, no matter what it is, it'll some day come through for them.
The presence of cryptocurrencies is of course a good means or way to save plus investment, if we are lucky then the assets we save will increase by hundreds or even thousands of percent in a short time, it is time for us to dare to take risks by choosing bitcoin as an asset to replace money in banks.
Almost everyone of course has savings to make life or the future better, unfortunately many are complacent because they save money in the wrong place, if we have big money then we usually save it in deposits even though the banks only give 4% interest per year, if we use the money for investment of course we can get a profit of 40% or 10x than deposits.
i will if i still can, because I already feel financial difficulties, so when I have more money I will save it first.
we will never know what conditions will occur in the future, so setting up savings just in case is not a bad thing
and the problem will more big if you already have family, so we need to prepare it first.
You can't save money when you don't have enough that is why it is more difficult for some persons to save money because they are still going to go back to the saving and use it to settle the problems. There are people that are doing hard jobs that is strenuous and required more inputore for them to earn a living. we will never know what conditions will occur in the future, so setting up savings just in case is not a bad thing
and the problem will more big if you already have family, so we need to prepare it first.
Things are hard this time that is why we I would not blame some persons if they can not have a saving because what they are earning is not enough for them. It is always good for us to try our best and make savings so we can use it when we have problems.
Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
I've come to realize that saving is an antiquated strategy for managing your finances. Do you know what passive income is? The fact that your investment will increase while you are still earning some money makes it a better choice than pure saving, even though it may not be the best. If you have them in various forms while keeping your job, you will notice that you have amassed a sizable sum of money in a short period of time. Even if you run out of cash, your passive income will still help your while investments grow in value, but overall, try to save some bitcoin; in my opinion, nothing beats it.
i will if i still can, because I already feel financial difficulties, so when I have more money I will save it first.
we will never know what conditions will occur in the future, so setting up savings just in case is not a bad thing
and the problem will more big if you already have family, so we need to prepare it first.
we will never know what conditions will occur in the future, so setting up savings just in case is not a bad thing
and the problem will more big if you already have family, so we need to prepare it first.
Good planning will allow you to execute things well, if you start planning and you work on it the right way then you will be able to save up, a matter of how you project your target and how serious you are in achieving your goals, as long as you can limit your expenses and you able to minimize the way you spend your money, you can do things and will save you in terms of financial aspects.
Every income we get must prioritize some of the funds for savings, like you said that the most efficient way is to minimize expenses and not spend on optional items, so we need to increase savings from each income allocation because the savings will be useful for emergency needs or for needs unpredictable in the future, so as much as possible we have to have savings even though we save every 2 months or however your method is for saving then you will know the benefits of saving when we need large funds.In short, develop savings as a habit and never abandon it. I've always had this in mind and over the years, it worked. This somehow reminds me of a famous quote: plans are nothing; planning is everything. Once we have implemented what we planned, all things will work out great.
Good planning will allow you to execute things well, if you start planning and you work on it the right way then you will be able to save up, a matter of how you project your target and how serious you are in achieving your goals, as long as you can limit your expenses and you able to minimize the way you spend your money, you can do things and will save you in terms of financial aspects.
Every income we get must prioritize some of the funds for savings, like you said that the most efficient way is to minimize expenses and not spend on optional items, so we need to increase savings from each income allocation because the savings will be useful for emergency needs or for needs unpredictable in the future, so as much as possible we have to have savings even though we save every 2 months or however your method is for saving then you will know the benefits of saving when we need large funds. 
Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
There is never an easy way out when we face abrupt changes in life, especially when the whole economy of the country is affected and suffering at same time.If I were your friend I think I would adopt emergency measures, like cutting most expenses as possible and looking for jobs opportunities around or at the internet. Maybe asking for the help of a friend or relative who could indicate me to a job spot somewhere.
A great possibility would be to leave the country, going to a land of prosperity where jobs could be found easier, and life standards are higher. However, that demands a lot of enthusiasm, will and courage.
When we have income then never spend it all, we must always think that the future will have many challenges so that it requires a lot of money or costs, especially when we get older and have no income then we will cry hungry, the best thing is to dare to invest or save money regularly and never be tempted to buy things that are not important.
Not everyone realizes this and it seems like most people who have this kind of thinking have had their share of mistakes, and that includes me. Many people are still living in poya poya, they work for a month and spend their money in just 1 night. I have many friends like that, and when I advise them they don't listen because they are still financially stable. But I have never regretted giving that advice, because in the end he realized that what I said was true. And evidently, some of my friends approached me and regretted not listening to what I had to say. 
Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
Judging from this case, it can be concluded that we must have an emergency fund, these funds can be very useful so that we don't panic when we are fired when there is an unlucky day disaster or a very unexpected situation.
yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.
Yes, we should learn to save and have some different allocation depending on its purpose. We should learn to separate savings for investment, savings for gambling if you are playing for fun, savings for emergency funds, better to have a different plan for health related so that allocation for emergency will not be used, it is really hard to save nowadays for people like me but I know soon I will have those, that's why I am working very hard and smarter now. Good planning will allow you to execute things well, if you start planning and you work on it the right way then you will be able to save up, a matter of how you project your target and how serious you are in achieving your goals, as long as you can limit your expenses and you able to minimize the way you spend your money, you can do things and will save you in terms of financial aspects.
as years passing and as an individual or having that your own family then its really that understandable that you should make out back up plans for you to earn more so that you could really be having that savings.
Some would really be deciding on having no savings on bank but there are ones who would really be diversifying through investment which is something that recommended
if you are really trying to earn or generate income for longer runs.
yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.
Yes, we should learn to save and have some different allocation depending on its purpose. We should learn to separate savings for investment, savings for gambling if you are playing for fun, savings for emergency funds, better to have a different plan for health related so that allocation for emergency will not be used, it is really hard to save nowadays for people like me but I know soon I will have those, that's why I am working very hard and smarter now. Good planning will allow you to execute things well, if you start planning and you work on it the right way then you will be able to save up, a matter of how you project your target and how serious you are in achieving your goals, as long as you can limit your expenses and you able to minimize the way you spend your money, you can do things and will save you in terms of financial aspects.
When we have income then never spend it all, we must always think that the future will have many challenges so that it requires a lot of money or costs, especially when we get older and have no income then we will cry hungry, the best thing is to dare to invest or save money regularly and never be tempted to buy things that are not important.
Yes, it very important to save money for future purpose especially for some emergencies.but that will depend on someone sources of income because are they are a lot of people out there that even their incomes can not solve their problems. so does kind of people will found it difficult to have savings, so we can only have savings when we do have sufficient income. Or are we expecting a family man that is receiving 250 dollars per month with two kids to have a savings?I don't think that can work because the money can't solve his problem or need manage again.
When we have income then never spend it all, we must always think that the future will have many challenges so that it requires a lot of money or costs, especially when we get older and have no income then we will cry hungry, the best thing is to dare to invest or save money regularly and never be tempted to buy things that are not important.
Saving is always be a good choice for life. I think every parents in this world taught us to save our money. Especially with current economic condition that so unstable. I hope your friend can find another job as soon as possible.
yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.
Yes, we should learn to save and have some different allocation depending on its purpose. We should learn to separate savings for investment, savings for gambling if you are playing for fun, savings for emergency funds, better to have a different plan for health related so that allocation for emergency will not be used, it is really hard to save nowadays for people like me but I know soon I will have those, that's why I am working very hard and smarter now. 
They know that inflation will kill the value of their wealth eventually so instead of saving all of their money in the bank, they set aside what's for savings and what's more for investing.
That's the reason why many of them becomes richer every time there's an opportunity to invest and they do it without any doubt.
They only take time to assess the risk if it's okay for them and that's it, as long as they know what they invest in, there's no other call for it and they spread it as much as they do to lessen its risks.
Saving at a bank will not provide benefits other than the interest offered by the bank, but when the impact of inflation causes the value of the currency to drop and we have to buy anything at a higher price. So it's better that most of your funds are diverted to gold and crypto investments, I have both for future assets and the impact when the two increase, we will see satisfactory asset values because the value of our assets will continue to increase.That's the reason why many of them becomes richer every time there's an opportunity to invest and they do it without any doubt.
They only take time to assess the risk if it's okay for them and that's it, as long as they know what they invest in, there's no other call for it and they spread it as much as they do to lessen its risks.
But if the worry that your money in the bank will be lesser in value, I do agree with you that it should be put in assets that you think will make it grow and beat the inflation.
Perfect example is bitcoin and then next is gold as you've said but since we're in a bitcoin forum, we're all bias about bitcoin but I guess bankers will have to agree with that.
Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
I started doing this again this month, I haven't done it in a while because I was fighting against debt and some life troubles but thankfully it looks like I finally have everything under control. Nearly no debt (just a small amount) and hopefully life troubles are behind unless some new one comes up.But the realty is that saving money doesn't seem like an easy thing, not like I remember at least, it looks like a troubling thing in the end. I feel like we are talking about something that goes against humans mind, because having money but not spending it and living a worse life than you could if you spent it is always a hard thing in our brains.
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