Saving our hard earned money have never been a bad idea, but their are certain things we need to consider before thinking of saving, such as inflation.
Inflation is truly the real enemy to every money that is being saved up, because when the time is right like a year time, when it should be used for it purpose, the value wouldn't be as how it actually was when you started saving it, but on the other hand, if we have been investing that money into Bitcoin, land or gold bit by bit, over the course of a year, the value of that your investment would have added additional value compared to our savings that will be eaten up by inflation.
So too me we should think of investing more of our money than saving it, so that inflation wouldn't eat it up.
Both savings and investments has their respective unique roles they play in our daily lives and thoroughly looking at the two factors we can't do without the two, having just one in place is incomplete for anyone in this hard times where inflation keeps soaring and challenging emergencies are always occuring.
When we save we are having a backup to our investment should anything go wrong as the future is not certain and unpredictable it is to the savings you have been making that you will fall back on to revitalize, resuscitate and wage your investment from imminent collapse when things probably go wrong. Yeah, savings may not hold it value at a still due to inflation but it's backup importance/role makes it a necessity never to undermine.
While investment is immensely quintessential to growing the value of our money we should also be careful at what and when we chose to invest our money on as it is possible that we can invest in the right thing at the wrong time and due to this incur losses. Just like bitcoin, right now is a right time to invest as we are still in the dip, but when an investor has to invest at the time the next bitcoin ATH has set in you're said to be investing at the wrong time at that moment.
In conclusion, both investment and savings are crucial and it's dependent on the individual how they go about it and managing the two.