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Topic: Try to save money while you still can, will you ? - page 7. (Read 2428 times)

hero member
Activity: 2352
Merit: 594
Saving money is an important thing that we must make a top priority in life, if we don't save it will get a lot of difficulties, saving is of course according to ability, but if we have a small income then the first thing to do is take it for saving and the rest is for needs, if we don't do that then until we are old we won't be able to save.
I'll put the main needs first, then we can save the rest. Agree with you that saving should be according to our ability, so that we don't neglect our main needs so that we can save. The amount is not the problem here, the most important thing is that we can set aside money from our income for us to save, it doesn't matter whether it's a small or large amount, the important thing is that we can do it consistently. Many people who have a large income but they can't do anything for the future due to their luxurious lifestyle, which makes them unable to save their money.
Now this luxurious living habit usually makes it difficult for people to set aside money for savings. So to be able to save, of course, we have to start from improving our life habits to become simpler. Buying only the things we really need. and avoid unnecessary purchases. Prioritize primary needs and try to set aside our money even if only a little. and as you said the key is that we have to be consistent in doing it.

They got affected mostly by social media, which is why they will spend more on their wants, like if they just see a newly opened restaurant with a lot of people going there, even if it is not necessary, they will go to it, or buy a new phone even if their old one is still working. If people can't control this kind of urge, then for sure they can save for the future, as they are prioritizing their short-term comfort or happiness.
hero member
Activity: 630
Merit: 611
Saving money is an important thing that we must make a top priority in life, if we don't save it will get a lot of difficulties, saving is of course according to ability, but if we have a small income then the first thing to do is take it for saving and the rest is for needs, if we don't do that then until we are old we won't be able to save.
I'll put the main needs first, then we can save the rest. Agree with you that saving should be according to our ability, so that we don't neglect our main needs so that we can save. The amount is not the problem here, the most important thing is that we can set aside money from our income for us to save, it doesn't matter whether it's a small or large amount, the important thing is that we can do it consistently. Many people who have a large income but they can't do anything for the future due to their luxurious lifestyle, which makes them unable to save their money.
Now this luxurious living habit usually makes it difficult for people to set aside money for savings. So to be able to save, of course, we have to start from improving our life habits to become simpler. Buying only the things we really need. and avoid unnecessary purchases. Prioritize primary needs and try to set aside our money even if only a little. and as you said the key is that we have to be consistent in doing it.
member
Activity: 2044
Merit: 16
We are experiencing inflations and in fact our country as well suffers from it that's why being thrift and having savings will have a huge factor to survive this inflations. As always, don't buy unnecessary things instead buy only what's necessary for now. When turns ugly, always have a backed up plan because we cannot predict the future instead bitcoin will be a huge factor to fight inflations as many believed it is the future of financial freedom.
legendary
Activity: 2688
Merit: 1004
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It's all about having an easy life, the reason why I work so hard and always try to save money is because of myself and my family, there is nothing else that money is good for than to have a good life with your family, when health issue comes at least money won't be the reason why you lost your loved ones, money is a great tool to have easier life that's why we must work very hard at whatever we do to make money, in some years time we won't be able to work hard anymore due to old age, there is no better time than now.

Though saving must not be the main thing to achieve a better life, I believe that investment is the best way to having a fulfilling life because with investments you will increase your chances of accomplishing the money goal., those rich men out there got to where they are today by investing their money effectively.
investment really affects our economy in the future if the investment we make is really successful. however, we also know that saving is the thing to do. because all of these things are important, so many people suggest saving some or maybe 30% of the income they have, and 20% or more is used for investing and the rest is for living expenses and emergency funds. those are all very important aspects. many people have worked hard up until now and are using their money to save and invest with a view to the future.
sr. member
Activity: 1344
Merit: 259
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Yeah, of course, even if it's not in the boom period, saving is also something that we should do because it can help you a lot if, unfortunately, you have something urgent. At the beginning of the outbreak of the COVID epidemic in my country, at first it could be said that the situation was still very good, but when the situation became tense, people could not go to work and were forced to stay at home. At that time, the money problems really started. There are many people who do not have any savings to cover their lives; they only live on their monthly salary. So the lack of work leads to no money; the deprivation makes them hot and start riots. So the result of not having a plan to save money for ourselves is really a matter of concern, so no matter how much or how little, every month we should put a small amount of money in the savings book.
full member
Activity: 1204
Merit: 110
It's all about having an easy life, the reason why I work so hard and always try to save money is because of myself and my family, there is nothing else that money is good for than to have a good life with your family, when health issue comes at least money won't be the reason why you lost your loved ones, money is a great tool to have easier life that's why we must work very hard at whatever we do to make money, in some years time we won't be able to work hard anymore due to old age, there is no better time than now.

Though saving must not be the main thing to achieve a better life, I believe that investment is the best way to having a fulfilling life because with investments you will increase your chances of accomplishing the money goal., those rich men out there got to where they are today by investing their money effectively.
but investment is not always a good choice. Sometime
you loose your hard earn money. I thought of investing once in my life and it was a disaster.
sr. member
Activity: 714
Merit: 296
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It's all about having an easy life, the reason why I work so hard and always try to save money is because of myself and my family, there is nothing else that money is good for than to have a good life with your family, when health issue comes at least money won't be the reason why you lost your loved ones, money is a great tool to have easier life that's why we must work very hard at whatever we do to make money, in some years time we won't be able to work hard anymore due to old age, there is no better time than now.

Though saving must not be the main thing to achieve a better life, I believe that investment is the best way to having a fulfilling life because with investments you will increase your chances of accomplishing the money goal., those rich men out there got to where they are today by investing their money effectively.
legendary
Activity: 1862
Merit: 1058
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If you have decided to save for the future, it is always the best decision. No one can tell what the future holds for you. At any moment your situation can turn bad. Then this savings will help you out of this situation. You calculate your income and expenses and start saving by creating a savings list of specific amounts. And you stick to it in any situation. Then you can always be prepared to face your worst situation. We should all save more or less. Think about what you need in the future and start saving for it. We should all try to save a little more. So that you don't have to worry about any bad situation in the future.

Saving is never wrong, even for high earners or rich people, because the future is unpredictable. But save with a plan, I mean save in moderation, don't force yourself to work hard to save or fast to save. Along with that, we should not be too subjective because we have a high income and a lot of money, so saving is not paid much attention.
Saving is more important than investing, but many people still mistakenly believe that investing is more important than saving and think that the rich do not save but only invest.
hero member
Activity: 2352
Merit: 594
~

Agreed. To find a life-work balance is hard but worth all efforts. The more important thing is that in the pursuit of balance, we have set a great role model to our kids. Parents are always children’s “heroes” and if we do nothing positive in life, they will be more likely to be less disciplined and live a miserable life. Nowadays kids are way easy to be spoiled and we, as parents, should both provide a good financial support, more time with kids, and draw a line not to spoil them for the sake of their healthy growth. It’s a difficult task as well but we should do it. No matter what.

We should try, I would say. No one knows how to raise children properly. What we do know is that having enough money is not enough. Kids of rich parents would be perfect, if if it depended on money only. But we all know that in mane cases they are far from being perfect. So, we should focus not only on saving money for our kids' future, but also on their early education, because you can't compensate the lack of it with money.
You're right, but saving money is also an important point if one of our goals is educating children. even today if you want your child to acquire good knowledge you also need money for that. So, raising money is very important for the future. we can teach our children good knowledge while we save. however, the positive effects of saving are numerous. In fact, besides education, you can increase your business or investment by saving consistently.
there are so many advantages of saving for the future but all of that should not disturb the current balance of life, prioritizing the interests or needs of current life and then leaving it for saving.
the matter of educating children and also health is included in the important needs, whether saving or not education and health must be prioritized.
therefore don't save too much so that you put aside current needs.
It's true what you said saving is important but again we have to be able to manage it first,
after managing these needs have been met then we can start saving,
The most important thing is to meet your needs first, then save.

but for others (depending on the person and the salary), they do the saving first before having their needs, and I hope I will experience this too, because they say that you can't save if you spend on your needs first because the wants will follow at that time, but again, this depends on your income. As for me, I need to budget my needs first, and if there are extras, then you can save.
member
Activity: 406
Merit: 76
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If you have decided to save for the future, it is always the best decision. No one can tell what the future holds for you. At any moment your situation can turn bad. Then this savings will help you out of this situation. You calculate your income and expenses and start saving by creating a savings list of specific amounts. And you stick to it in any situation. Then you can always be prepared to face your worst situation. We should all save more or less. Think about what you need in the future and start saving for it. We should all try to save a little more. So that you don't have to worry about any bad situation in the future.
full member
Activity: 1330
Merit: 100
C O M B O
~

Agreed. To find a life-work balance is hard but worth all efforts. The more important thing is that in the pursuit of balance, we have set a great role model to our kids. Parents are always children’s “heroes” and if we do nothing positive in life, they will be more likely to be less disciplined and live a miserable life. Nowadays kids are way easy to be spoiled and we, as parents, should both provide a good financial support, more time with kids, and draw a line not to spoil them for the sake of their healthy growth. It’s a difficult task as well but we should do it. No matter what.

We should try, I would say. No one knows how to raise children properly. What we do know is that having enough money is not enough. Kids of rich parents would be perfect, if if it depended on money only. But we all know that in mane cases they are far from being perfect. So, we should focus not only on saving money for our kids' future, but also on their early education, because you can't compensate the lack of it with money.
You're right, but saving money is also an important point if one of our goals is educating children. even today if you want your child to acquire good knowledge you also need money for that. So, raising money is very important for the future. we can teach our children good knowledge while we save. however, the positive effects of saving are numerous. In fact, besides education, you can increase your business or investment by saving consistently.
there are so many advantages of saving for the future but all of that should not disturb the current balance of life, prioritizing the interests or needs of current life and then leaving it for saving.
the matter of educating children and also health is included in the important needs, whether saving or not education and health must be prioritized.
therefore don't save too much so that you put aside current needs.
It's true what you said saving is important but again we have to be able to manage it first,
after managing these needs have been met then we can start saving,
The most important thing is to meet your needs first, then save.
hero member
Activity: 1498
Merit: 562
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Saving money is an important thing that we must make a top priority in life, if we don't save it will get a lot of difficulties, saving is of course according to ability, but if we have a small income then the first thing to do is take it for saving and the rest is for needs, if we don't do that then until we are old we won't be able to save.
I'll put the main needs first, then we can save the rest. Agree with you that saving should be according to our ability, so that we don't neglect our main needs so that we can save. The amount is not the problem here, the most important thing is that we can set aside money from our income for us to save, it doesn't matter whether it's a small or large amount, the important thing is that we can do it consistently. Many people who have a large income but they can't do anything for the future due to their luxurious lifestyle, which makes them unable to save their money.
sr. member
Activity: 1638
Merit: 330
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~

Agreed. To find a life-work balance is hard but worth all efforts. The more important thing is that in the pursuit of balance, we have set a great role model to our kids. Parents are always children’s “heroes” and if we do nothing positive in life, they will be more likely to be less disciplined and live a miserable life. Nowadays kids are way easy to be spoiled and we, as parents, should both provide a good financial support, more time with kids, and draw a line not to spoil them for the sake of their healthy growth. It’s a difficult task as well but we should do it. No matter what.

We should try, I would say. No one knows how to raise children properly. What we do know is that having enough money is not enough. Kids of rich parents would be perfect, if if it depended on money only. But we all know that in mane cases they are far from being perfect. So, we should focus not only on saving money for our kids' future, but also on their early education, because you can't compensate the lack of it with money.
You're right, but saving money is also an important point if one of our goals is educating children. even today if you want your child to acquire good knowledge you also need money for that. So, raising money is very important for the future. we can teach our children good knowledge while we save. however, the positive effects of saving are numerous. In fact, besides education, you can increase your business or investment by saving consistently.
there are so many advantages of saving for the future but all of that should not disturb the current balance of life, prioritizing the interests or needs of current life and then leaving it for saving.
the matter of educating children and also health is included in the important needs, whether saving or not education and health must be prioritized.
therefore don't save too much so that you put aside current needs.
legendary
Activity: 2688
Merit: 1004
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~

Agreed. To find a life-work balance is hard but worth all efforts. The more important thing is that in the pursuit of balance, we have set a great role model to our kids. Parents are always children’s “heroes” and if we do nothing positive in life, they will be more likely to be less disciplined and live a miserable life. Nowadays kids are way easy to be spoiled and we, as parents, should both provide a good financial support, more time with kids, and draw a line not to spoil them for the sake of their healthy growth. It’s a difficult task as well but we should do it. No matter what.

We should try, I would say. No one knows how to raise children properly. What we do know is that having enough money is not enough. Kids of rich parents would be perfect, if if it depended on money only. But we all know that in mane cases they are far from being perfect. So, we should focus not only on saving money for our kids' future, but also on their early education, because you can't compensate the lack of it with money.
You're right, but saving money is also an important point if one of our goals is educating children. even today if you want your child to acquire good knowledge you also need money for that. So, raising money is very important for the future. we can teach our children good knowledge while we save. however, the positive effects of saving are numerous. In fact, besides education, you can increase your business or investment by saving consistently.
full member
Activity: 1204
Merit: 110

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 ?
If the inflation in your country is not high then the country's economy would have been normal. Every country is control by the national resources and national resources are from the national economy, so why things are still difficult for the citizens. If the price of goods and services are in the increasing side then the inflation in the country is also very high. The inflation of a country determine the prices of things.

If your friend lost his job because of the inflation then the government policy is the one affecting the various sectors of the Economy. But that will also depends on the sector. It is a private or public sector? Or the both as PPP. Public Private Partnership?
sometimes we learn the lesson hard way. Many people like spending on others my mother is on of them so we also like spending on others. But many people only like to gift themselves and not to pay a penny for others.
sr. member
Activity: 1722
Merit: 252
Saving money is an important thing that we must make a top priority in life, if we don't save it will get a lot of difficulties, saving is of course according to ability, but if we have a small income then the first thing to do is take it for saving and the rest is for needs, if we don't do that then until we are old we won't be able to save.
legendary
Activity: 3234
Merit: 2112
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Agreed. To find a life-work balance is hard but worth all efforts. The more important thing is that in the pursuit of balance, we have set a great role model to our kids. Parents are always children’s “heroes” and if we do nothing positive in life, they will be more likely to be less disciplined and live a miserable life. Nowadays kids are way easy to be spoiled and we, as parents, should both provide a good financial support, more time with kids, and draw a line not to spoil them for the sake of their healthy growth. It’s a difficult task as well but we should do it. No matter what.

We should try, I would say. No one knows how to raise children properly. What we do know is that having enough money is not enough. Kids of rich parents would be perfect, if if it depended on money only. But we all know that in mane cases they are far from being perfect. So, we should focus not only on saving money for our kids' future, but also on their early education, because you can't compensate the lack of it with money.
legendary
Activity: 2100
Merit: 1340
For me, saving is important and imperative, although I don't have a goal for that, but in life, there are always surprises that we can't anticipate, it will help us in that case.  Currently, my income is quite stable compared to the average income in my country. But I never thought that I would stop saving because I have a better income than others. As you said, there will come a time when we, too, have to choose between making less money and spending time on other things. Because life is very short, but there are many things to take care of, not just work or money.
If there is such an opportunity, then why not now create some kind of capital that can allow us to work less in old age, in my opinion this is a good reason. There are also different times, sometimes it is more difficult, the income becomes less, but at such times it will be easier for us if by this time we have something to postpone. We will also often see, the retirement age being raised, and this is also not a good thing, as it means that we will need to work longer if we do not take care of our well-being by that time.
hero member
Activity: 616
Merit: 749
Saving money should be a necessity for anyone because of eventualities like accident, lose of job, old age, children education, the list is endless. Every body loves to save but problems arises when your income can not even take care of your miscellaneous expenses. What do you do? You must find a side business or investment, by all means. Otherwise depending on one source of income becomes a risk. Because what ever happens to that business is one way ticket to poverty.

Saving for a reason should be a necessity and that reason should be for investing. Many people only save and when problems come they use up the money they have saved for that problem and then if another problems was to follow the first one, they got nothing left to use in solving that problem and they end up borrowing. When you save and invest your savings, you won't run out of cash.

Earning of extra income has been made easier with the introduction of the internet and now cryptocurency. You can look for part time jobs online to help you or look for jobs in the cryptocurency space that you can use to support yourself as things are getting too expensive.
sr. member
Activity: 882
Merit: 272
The quicker you believe that it's not the end for you the faster you will get out of your bad situation, when life challenges comes into peoples life they sometimes feel unmotivated and they just give up, as long as you are still breathing do not believe that you can't bring changes into your life again, regrets, pain and fear are bad for a living soul, if you are trapped in one you have to break through.

There are still jobs available and there are ways you can still make money, that's if you are ready to take the chances and look for a way out, things only ends when you stop breathing.

Do not forget that if your heart still breaths then there is still hope.  
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