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Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Because they not dare to fight against their parent and family.

Let's say a poor person have a father who sick and not able to work, mother who become household for her 5 kids including him, his mother also take a part time job. He's the first kids who work, while his 4 younger brothers are still at school.

He's forced to be a provider for his family, he afford his father, mother, and 4 younger brothers.

If he dare to cut off from all of them, he will able to save money.

Anyway I only explain the logic and reason why people can't save money, I'm not talking about ethic, love or anything else.

People complain because they don't even earn enough to cover their basic needs. They can't pay their bills without difficulties so it's close to impossible to save even a small amount. Some.even have to borrow to survive.

But your observations are not wrong. Some poor people money on irrelevant things. Meanwhile, these funds can be saved for future purposes. An individual who is struggling financially shouldn't be spending money on pleasure when he has no savings. Money spent on cigarettes, junks, and alcohol could be good savings.

It depends on the person and their situation. There is no single answer to this. For example there are some people who have high unavoidable expenses, like those with a certain illness like cancer, diabetes, etc. that requires treatment that sometimes is expensive. Maybe they have a child that needs it, and so on.
These people, not only can't save up they sometimes have to borrow more money.

But generally speaking to save and improve one's net worth one should do two things: (1) increase income (2) decrease expenses.
We all waste money on something we don't have to. Some people have bad habits like smoking, drinking alcohol, etc. that are harmful to their health and giving that up would not only improve their health but also would leave some extra bucks in their pockets. That is the decreasing expenses part.
The other thing is obvious, people can take additional jobs to make some extra cash.

In the end, saving is only part of the equation. People need to invest their fiat into something that is considered store of value so that they can maybe even make profit. Something like gold or bitcoin.

I think it's not about the inflation only why so hard to saving although the people has monthly salaries and their earning amount also will determined those people can saving or not because there are a lot of people who working only to feeds their families even sometimes their salaries is very less so, these people can be categorize as poor people because they have no savings during their lifetime

Besides that i think lifestyle also could be the main factor why saving is so hard because usually we just follow our desides and wants by buying the luxury things or buy unnecessary things and if people have enough salaries and they have chances to saving the most important is to be consistent and self control to managed their financial

Savings is very important but you need to have the money to save before you can do it, your salary needs to first cover your most important expenses like food and rent before you can talk about savings. If your salary is not enough to have a discretionary fund you cannot be able to remove money for savings, if you save money it will not last because you will be under pressure to use it for immediate expenses like food. Every responsible person want to save money and have emergency funds but if your salary is not enough to cater for it there is nothing you can do. You can either cut your important expenses to have something to save or you will forget about savings till you increase your income.

If there is consistency, then small savings turn into big numbers in the long run. Saving is basically a mindset and habit. However, mindset alone does not help in saving, at the same time, improvement of financial structure is also needed. There are many people who may have a mindset of saving but in reality they cannot save due to financial pressure or debt or due to increase in the price of daily necessities. Therefore, some planned steps have to be taken with willpower. For this, a proper budget plan has to be made. However, to save, it is not necessary to have a large income, for this, a little awareness planning and a strong mindset are enough.

I think the reason why people are not able to save because economy always forces them to spend money. Nonstop economy produces new goods and services, advertise them making them necessary to purchase. Ask any person what would he buy if he has unlimited amount of money and give a minute to think, he will come up with A4 list fully filled with what he wants. Some people are impatient, some understand that they have only one life and it is short, and they start spending. Why save and wait, when I want for example new iPhone 17 today, but not in two years.

This thing is often necessary for household chores and use, and if we talk about success it will not be like this, he succeeds through his hard work and other things. What you have said is quite beneficial but it does not have much impact. There are people with both kinds of thinking due to which the world system is running. Now if I say that your life will end tomorrow, for a moment you will feel that I am lying, then when some things start coming true, you will start believing after that you will try to fulfill all your desires. Similarly, there are some people who do not look at their current life to keep themselves to themselves.

You mean poor among the poorest? Such person may not be able to save. I have seen people buying something on credit and later pay when they collect salary. That means their salaries is not enough.

Inflation does not stop people from getting rich. Without inflation, those that will remain poor will remain poor. Inflation is not the reason it is difficult for people to save.

We are in modern world, there are many good assets that they can buy with little amount of money.

People can't still save if there was no inflation, people just want to keep spending without thinking about saving and that's the reason they find saving not easy to do. They have the wrong mindset about saving and this makes them to spend before saving hence it becomes hard for them to save. The correct way of saving is saving immediately you get your paycheck first before spending because when you're spending, you might overspend then it becomes difficult to save but when you have already saved, it won't affect you. This is the strategy that I have been using to save successfully and it worked. Saving helps alot but people still don't understand this. They always want to spend all their money and that isn't a good money management habit to have.

Not only about the inflation that hits them hard but also the obligation that they have to pay. Sometimes, an entire family is only relying to one breadwinner and that's why saving for them is hard.

And having a wrong mindset plays a part there why others are having a hard time in saving their own money. Because if they have the money ready with them, what they'll think of is what they should buy.

Instead of how much they should save, they're thinking of spending it already. Even before the salary comes, they have a budget of expenses before saving.

Or people dont know how to save, because they have never been in a situation, when they need more immediately due to having issues. Not a situation when they are short in money when they need to buy something, but when they are sick and treatment cost a lot, or they have lost job suddenly. When they have opportunity to borrow or to someone can help them, its one thing, but there are situation in life when you need to act immediately, and money (which they dont have) would have helped them significantly.

A question for the OP, and I'll quote: "A few dollars from your salary"-how much is that? If someone has a family and children, should they also save for them? You have the wrong idea about saving. You need to find additional income, not limit yourself or your family to the bare necessities. I'm sure many people here from certain countries won't follow your advice. Don't forget, by regularly skimping on the bare necessities, as your post points out, you're damaging your health, which will cost you much more to restore in the future. Therefore, find additional income and try to create passive income with it. Your extra money shouldn't sit idle; put it to good use, investing in real estate, Bitcoin, and so on.

I totally disagree with this statement of yours, because I know people who barely make enough money to eat food twice a day, or at least eat enough to have their tummies full. Do you believe such people can save money, and it's their mindset that's not right for it? No, it's not the mindset that doesn't allow them to save money, but it's the lack of resources and earning opportunities that do. I'm not saying they are not at fault for not trying to make more money, but believe it or not, in most of the third-world countries, there are so many people who work so hard only to make enough money to get through the day.

I agree with @pooya87 for saying that those who have extra unnecessary expenses can save some money if they get rid of those expenses because those are not necessities, and one can always avoid things that don't fall under the necessary expenses. Smoking cigarettes, drinking alcohol, eating out every day when it is cheaper if you cook something at home, these are all things that could be managed or avoided and the money from them could go to savings, but, remember, those who do these things are the ones who can afford to do them, and they can't be called poor, maybe middle-class. :)

Consistency is needed when you want to save, in Bitcoin or in fiat. Many people difficult to do this because they feel that it is not easy to be consistent. Besides that, we need to allocate the money from our salaries so we can save as usual.

If you can manage your income, you will see how much free money you can use to be your savings. You can start with a small amount at first but after you know how much the free money, you can increase the amount and continue to savings. Besides that, you need discipline, consistency, and control to follow your target.

Saving comes with a lot of cost, while saving, you will have to make sure that you reduce things ordinarily you want to get, you must be selective in your priority and stay true to it for the period of time you've scheduled to save, because While saving, that is the period you might face a lot of challenges, so your mindset should be basically on your target 🎯.

You should also strive to build multiples streams of income so that inflation wouldn't come as a challenge especially towards your purchasing power and your quest to save, especially if your not working a high paying job.

You can only say saving money that will be later use for your future purpose is hard only when you as a person is not ready for it, because I know determination in life conquer everything.  Once your mind is made-up, you have seen every reason you need to keep money nobody will tell you, you your self will do the needful.


Of a truth inflation it self has a negative way of affecting one's saving ability because when their is inflation the value of money fall automatically, if for instance you have been earning the some of $50 in a week to manage with your family then after sorting out all necessary bills and expenses you still have some left over cash that you may likely want to keep as your savings, but inflation can depreciate the value of that your $50 and that money might not even be enough to fix your weekly bills talk more of making savings out f it. So in ensence one's ability or chances in saving money in times of inflation is very tinny unless only the bold can make their way out of it.

Pray you don't have to be faced with an unprepared problem that adds to your responsibilities which you can't shy away from, thereby making your expenses weigh beyond your income. Perhaps by then you may understand why some people are unable to really have savings, and not that it's always because of inflation.

There's this popular saying in my local parlance which states that "a person facing less or nono big responsibilities and is able to make savings will assume that he's good at saving and others without savings are not". The truth is that there are people bugged with lots of responsibilities they can't run away from and they have to face it as a man by nature and this makes them unable to save a penny whenever they receive pay.

I had a friend who dad got engulfed by fire accident earlier this year and was burnt badly, the hospital bills fell on this guy and week after weeks he had to pay for his dad hospital bills so he can be getting his treatment nonskipped. At same time he has some family needs waiting from kids school demands and so on. Out of empathy for all his troubles I had to give him some funds telling him to pay back when he can. Till now he has being able to pay back the full amount.

Saving a couple of bucks from your entire salary is not going to change anything so it's better just enjoy the few more bucks on whatever the guy wants to spend it. Saving is something a strategic and well planned and for that someone needs to be disciplined which is the reason why many can't able to save even if they can do it.

Just because we don't see the real situation doesn't mean they don't want to save. Generally, their income is only enough to cover basic needs, making it very difficult for them to set aside money for savings. Even if they do, there's a high chance it will run out due to unforeseen circumstances.
Even if your income is only enough to cover basic needs, the solution is to find a side job or additional income to cover everything, including savings. Furthermore, they must maintain a very strict budget and record all expenses to know where their money is going and detail it.

I believe everyone have a brain to think, no one in this world want to life where today they have to think what to eat tomorrow due to have no saving. If people can't save, that means they have a big responsibility and unfortunately their monthly income aren't enough to cover that.

If there are people who're poor and become beggars, it's also their choice, most countries give donation to poor people and they can live from that. So why they have to work if they got paid by the government? it's not much different with middle class people who have to work their ass off and life like a beggar too.

To save successfully, a person must be honest in his income and expenses. He should determine the goal why he really wants to save. To buy a house or a car in the future, or to meet the needs in an emergency.
And after determining these, he should save 20% or 10% of his income.
However, saving at the present time is not that easy, because your expenses are more than your income.
For this, you have to cut out entertainment expenses and occasionally spending on yourself. Such as alcohol, etc.
However, you may face many more problems due to inflation. However, if you remain steadfast in your goal, then no obstacle is difficult for you.
Moreover, discipline, consistency, and control are necessary for your savings.

I don't think there's anyone who wouldn't like to save regardless of class and what he/she earns. The prices of items are high on the market which is correct and most person's can't even survive with their salary, like is not even enough talk more of saving from it..

A friend of mine works and he earns 50k, his transportation is almost half of the money he has needs, bills and this person needs food stuff too, for some people before the money come it has been utilised already.

Saving is a mindset and it requires a lot of discipline too. You can't have some situations at home that needs money attention and you talk about savings. Some people are going through so much that all they think is surviving first before they think about saving money for anything. Saving is good because it will help you in rainy day's but then one has to be healthy, have a family that is supportive, before saving money.

The economy is not friendly with a lot of people and they are finding it difficult to save money even if they want to, saving money is for people that are earning salary not for people that are struggling to feed everyday with a lot of responsibility. And right now everything is so expensive that most people can afford to feed so how with the mindset of saving from the little they earn it is still hard to save because they have to survive first before they think of saving. It is good to save for future purposes but if the money at hand is not enough to save then we gotta survive first.

Savings is very important for everyone especially if you have an income, because you don't know when you will have an emergency and you need your savings. I think the reason why most people complain that they can't save is either they don't earn enough to cover their basic expenses or they don't have a steady income.
The basic thing for every human is food, clothing and shelter,  so I think this is the first thing you need to take care of before thinking of savings, if your income can not cover this things or its just enough for this basic things, there is no new way you can save. If you don't have a steady income it will be very difficult for you to save, because you need to run your daily expenses and it will be difficult if you don't have a steady income, which automatically makes it difficult for you to save.

The question is what are you saving for, what are you going to use the money for. I can save money for my health and there is nothing on earth that is going to make me want to touch the money, it's going to be the least place I will want to touch if I have an emergency of funds, I can save for my tuition fee as well because I don't joke with my studies but what I will not do is to save for other expenses, unless they are bills I do clear weekly or dail, if they are long term I will do them when I have money.

I don't save for long term, if it's that important I will change it to an investment because it's useless saving money inflation would have make you regreted. You can't save money on your bank account without been affected by inflation, today inflation and tomorrow another price changed and it's keep getting higher. I can't remember the last time my toiletries price came down, its either the same or higher any time I check the price, saving should be for emergence purposes.

Many people you may see are complaining that saving is too hard. It is all because of the hardship they are facing. The money they are making is not enough to feed them. So, as for a person that is receiving what is not enough to feed them, how can they be able to save? I don't think it is possible.

Like in my country, where some people salaries cannot feed them for two weeks  how will this kind of people be able to have savings? Many people are really ready to have savings, but the truth is that they can't, because the problems ahead of them are always bigger than the money they are making.

In fact, some people are always in debt because their salary or what they are making, is not enough to solve their problems. So the point is that even if you have the right mindset to always save, once your problems are bigger than what you are making, there is no way you can have savings.

Well, I actually don't have much to say, because you've already answered the question yourself, the reason why some people failed to save is because of the economic crisis, this is always their reasons. But from my perspective I don't actually think that it is a strong reason. Because basically from what you said "you said saving does not necessarily require a huge amount of money" and it is definitely right.

It is obvious that some countries are eventually going to through a lots currently and they are experiencing bad governance, but this shouldn't be the reason why they should failed to save, but it should encourage them to save for the future because they might need it for the unforseen circumstances that may arise in the future.

The whole concept about saving is about self control and discipline. For you to successfully start and maintain a saving journey, you'll have to learn critically how to discipline yourself. WizKid a popular afrobeat musician said in his song titled a million blessings, "that he invests whatever he gets and if you ain't wise, you won't achieve a thing in life." It's not easy to focus on saving if you're one that craves to get anything you see. One that can't say no to the petty things they sell close to your house or workplace. You have to say no to certain pleasures so as to help yourself build that saving habit.
Because no matter how small or big the amount is, you have to say no to somethings because definitely you won't make progress is you can't discipline yourself.

And that disables the ability of most people to save and due to the high cost of everything like the basic needs. And so people hardly make it with one just source of income and that's why we have to work multiple jobs just to survive and save a little.

I think this is the same situation with other people. The others are paying more than half of what they earn with the rent or mortgage that they owe. And so, barely survive and save. So to save successfully or if you're already saving, it means that you're ahead and in a better situation than the others. Even 1%-5% of your total income for saving, it's a good amount and can't argue with that anymore.

This is just like the case of bitcoin investment it is something you continue accumulating regularly with the little available income you want to use over o long time you might compounded enough bitcoin. Saving has been a life saver for most people the little you are saving can compound a huge money you never expected in a long run. I have different places i save i believe in a year time i will have a good amount to start a business i think people should have the habit of saving money.

Saving is important and it's achievable but a lot of people are barely surviving in this current economy and few years ago that's not what the case used to be....people that are earning salary end up being in debt before their salary comes and at the end of the day when they get paid they have nothing else to save up, these are actually the challenges that comes with savings in contemporary times like this

I agree that the amount doesn't matter, the important thing is to save as much as possible, monthly or weekly, without straining yourself. Saving even 5% or 10% of your monthly income will yield a substantial return years down the line. Saving more can lead to even more savings. Saving isn't everyone's cup of tea. Most people are interested in spending whatever they earn. Inflation is certainly bad, but it certainly doesn't prevent saving.

Some people are struggling to get a job how do someone who doesn't have a job manage to get a side job? Things are hard and the economy is not favouring every one it is those who are lucky to have a job they should be saving I won't save it I'm struggling to survive and to feed it's not possible to save when you don't have what to eat. If you have a well paying job and you can save something from your salary and still have what to use to cover your feeding and transportation then you are lucky.

Lifestyle is the cause of the problem, some people cannot live below their means while trying to impress others around them, showing off their luxurious life continuously. Inflation is the not the problem most times because it's something inevitable and so every human being must be ready to face it and try to bend it's way towards it whenever it comes.

When the matter of savings comes into content, I recall a book I read some years ago, a very popular one up till today, motivational and both finance book in one, “The richest man in Babylon” by George Samuel Clason. You would find it to be a very small book but captures some of the most important principles to finances.

One of the best means towards savings was that you get to keep 1/10th of your entire earnings. Even that would turn out to be small but, it’s always some place for a start to build on. Better still, you save in Bitcoin and see it to good value.

Have you ever experienced poverty? If not, then it is natural for you to ask this question. Saving money is not a difficult task for a person whose expenses are less than his income. But think about someone whose expenses are more than his income and the entire family is able to meet their daily needs depending on it. Are you advising him to save instead of meeting his daily needs? If not, then you have to accept that saving is not an easy task for everyone.

This is not their complaint, but a victim of circumstances. Have you seen a person who has a very large source of income and whose expenses are very low compared to his income make this complaint? Maybe you will not hear this complaint from him, because he does not have to work hard and save in a planned manner, but his savings fund is automatically created. Everyone has the mentality of saving money, but does not have the opportunity. That is why we often hear the complaint that saving is very difficult!

Till date people who save their income successfully are financially capable and with the current economy state in some countries you can tell masses lack a good paying job else I see no reason why saving is considered impossible but, due to lack of funds. Saving doesn’t require a huge amount no doubt the reason is valid but, to an extend when one fails to continue saving consistently the amount definitely lose value during period of time. Saving doesn’t only get the work done rather what kind of saving or an investment choice, I think op meant bitcoin or other valuable investment.

With or without inflation, if you really have the goal to save and stick to it regardless of the amount, I think you can definitely save in the long run. Let’s just stop normalizing that saving is only for those who aren’t facing hard times at the moment, but everyone should save for emergency funds and for a secured future of the family.

However, let’s just not stop into saving, but invest and make more money through different sources of income. That way, we can maximize our savings because we are now making bigger amount of income.

Because our brains are wired to spend. Spending is fun; saving isn't. Money always comes short. There's always something to buy. Especially in this age of social media and online ads, there's always someone to compare yourself to and, therefore, that new sneakers to buy, that new iPhone release to anticipate, and so on. Fashion trends, for example, are so quick to fade you need to have so much money to catch up with what's in. Your salary isn't enough. So, what's to save? I guess the key is to live and enjoy a simple life.

The biggest obstacle to saving money is not having a reliable source of income. It is a very difficult situation when you see poverty and cannot meet the basic needs of your family at the end of the week, in that situation you forget about saving. Added to this is the pressure of inflation which further increases poverty. When your expenses increase compared to your income the effect of inflation pushes it to a more miserable state. Inflation for a country is only evident when the problem of unemployment and the amount of wealth in that country gradually decreases and foreign aid stop.

If you are a middle class person, you may have some savings but it is very difficult for the poor. You do not need a lot of money to save but saving in small amounts requires mentality because if you can continue saving while meeting the daily needs of your family, it can be a major factor in poverty alleviation.

Currently, I prefer to prioritize and focus on investing rather than saving because, after all, under the same conditions where we can invest as much as we can for the long term, the results will be more worthwhile than saving. Therefore, I prefer to focus on investing rather than saving.

There is nothing wrong with saving because it is indeed a very good practice and clearly something that should be done, but ultimately, the duration of time must also be considered because, until now, saving can only be done for the short and medium term, especially when we do it with fiat currency because the longer we hold it, the more its value decreases, so it is not a good idea to save it for a very long time because its value does not increase but decreases. The situation is different if we prioritize investment as our goal (regardless of the type of investment, such as gold or cryptocurrency, especially Bitcoin), as this is still very good for protecting the value of our finances.

Saving and investing both have different roles in life, they are not the same so it would be a mistake to think that we only need to invest without saving.

Investing sounds very exciting but the reality is that investing is risky and requires long term holding to make a profit. Meanwhile, life is always full of surprises that we cannot foresee. If it were you, what would you do in an emergency situation and your bitcoin investment drops more than 50% due to market volatility? Will you cut your losses or borrow? Then you will see the role and importance of saving.

Working harder for increase of income.
Learning more about investment and having solid strategy of making savings and use part of it for investment capital.
Choosing a good or some good investment assets like Bitcoin and Gold. In my opinion, and with ROI data of Bitcoin and Gold, the proportion of investment capital must be bigger for Bitcoin as it has better ROI than gold.

The ROIs of Bitcoin and Gold are available with the website that has charts and tables for comparisons.
Case Bitcoin (useful) (https://bitcointalk.org/index.php?topic=5432233.0)

Well for me to have a savings is something I think all people do need to have. Even if we only have a small amount in it still it is good to have that in the case we do need to use it.
Savings is hard for alot of people because we all want to have nice things. It can be some new clothes or to go on a vacation trip. If we have the money to do that it is more fun to spend it on things than it is to save it for a time of need.

Many people say it’s hard to save, but the truth is if you really want to save, you can. It all starts with your own decision and effort, no matter how small your income may be.
In fact, I believe that those who earn less often end up saving more than people with high incomes, simply because they value every coin.

Saving is not about how much you make, but about how disciplined you are. Even the smallest profit can be set aside if you have the right mindset. Consistency, self-control, and discipline will always be the foundation of building wealth little by little, it grows.

How I wish I knew this years back, I wouldn't have even wasted my time on banking and fiat arrangements, I would have just channelled it into Bitcoin. I wonder how rich I would have been now. It hurts to look back when you can't reset the hands of time; it's gone.

Going forward, saving doesn't have to be big, and it doesn't even have to be convenient, it should be a priority, and I know it's doable. Also, I don't like infinite savings, when it gets to a certain amount, just ensure you convert it to an investment and continue saving afresh for the same purpose.

Savings and inflation do not tally if the right investment is made correctly. Bitcoin and other assets are there to tackle that with much gain.

When I focus on investing, it doesn't mean that I don't save money.
As I emphasized in the post you quoted, savings are only effective in the short and medium term, but not in the long term. So, in this case, we can clearly take a stance when this situation occurs. Rather than letting the value of our fiat currency continue to decline simply because we are too focused on saving, it is clearly more worthwhile to invest. This does not mean that saving is bad, but ultimately it is ineffective if we only save to support the long term because it is not us who can improve our financial condition (with long-term savings), but rather the value of the fiat currency we save will continue to decline due to inflation that occurs every year.

On the other hand, when it comes to investing, especially in Bitcoin, there are indeed significant risks. However, we know clearly that it is worth it in the end if we focus more on long-term progress.

Savings is actually a mindset and does not really depend on the income size. Anyone can start savings even though it is small initially. Savings is like securing our future needs and starting with small amounts won't even affect our current finances. People should maybe think about saving anywhere between 1% to 5% of their total income which will not affect their current goals and will also make them save for emergencies or for future goals.

I would personally prefer saving up to 10% of my income which will vary depending on my monthly needs. Starting slow and increasing the savings gradually as needed will show promising returns in the future. We might even start investing the saved money in flexible but reliable options. Even a normal bank fixed deposit will be a good choice to deposit our savings every month to get up to 9% to 15% returns annually.

It seems to me that the two you quote don't know much about personal finance. Saving and investing are two sides of the same coin. The difference is that savings are immediately available and do not beat inflation, so it is advisable to have an emergency fund as savings, and then invest from there. With investing, we aim to at least beat inflation, and if we can exceed it, even better. But they end up being the same thing because what you are doing is setting aside money from your income to put it somewhere else instead of spending it; the only difference is the destination.

Why just save when there’s a better option which is to invest? Saving only protects you for rainy days, but investing goes beyond that, it  creates a system where your money works for you. With the right investments, you don’t just store value, you also build a steady cash flow system that can grow over time.


Imagine someone earning just within their means of survival how will they save? Even if they try, they will likely end up withdrawing consistently just to meet their daily needs. That’s why I would rather encourage investment instead. At least with investment, there is higher possibility of making some profit when the need for money arises, instead of watching savings lose value to inflation.

Saving is a financial culture that requires discipline which many persons do not possess, and the truth is that since financial discipline is not a subject that is hammered on constantly especially from a young age many persons lack this skill and knowledge. This is why most persons struggle with saving regardless of the amount of money they make but they keep blaming inflation for their indiscipline.

Choosing to start slow or start saving with your low income amount is good because it imbibes that culture, so that even when you start earning a lot, the culture of saving is already there, and you will not begin to squander recklessly the money you should be saving.

I support that invest is more better than saving cause when you're saving your money remains stable and doesn't add much value but investment would add value to your money over time and the longer the investment, the more valuable your money, anyways based on your statement, someone earning within their means would need to look for more source of income so they won't temper with their saving or investment, remember that investment requires long term and patience and if they have have an income that would carter for their investment and necessary expenses then they're good to go.

You know why people complain? It's usually because they can't find solutions to the problems they face? There's nothing wrong with that. We've been taught to save since childhood, as people in the past understood saving as one of the keys to wealth. But now you can prove it, and several sources actually show that saving isn't a potential reason for developing better financial skills. I'm currently starting to reconstruct my children's understanding of saving, although I also teach them to save.

I mean, it's more of a strategy to accumulate money so they can buy gold every five to one year based on the money they earn from their savings. If there are questions about why it has to be gold, it's probably much easier for them to understand because gold is a more familiar investment in our environment and this is just talking about awareness so that they can decide something based on better results.

Many people complain that saving is too hard not because it’s impossible but because of how they approach it the mindset is often “i can only save if i have a lot left over” instead of “i will save something no matter how small” when people wait until they have excess money it almost never happens because expenses naturally grow to fill whatever income they have this is where discipline and mindset play a bigger role than income level.

Inflation adds another layer it eats into purchasing power and makes people feel like their savings won’t matter but that’s a misconception saving isn’t about fighting inflation directly it’s about building the habit of keeping aside money consistently once that habit is in place the next step is learning how to grow those savings through investing or other income-generating activities without the foundation of saving first, investing never even begins. The truth is saving feels hard because most people prioritize comfort today over security tomorrow they see saving as deprivation rather than as protection or preparation changing that perspective is what separates those who always struggle from those who eventually build wealth even if it starts from just a few bucks at a time.

Savings should not be for everyone it should be for those who have enough to eat before thinking of the one to keep as savings as you already know that not everyone is finding it easy in the present economic situation, the salaries are not enough salary earners are only working to get busy some of them can't even afford good food and if they can barley have money for food they can't afford to save when they are in debt and hungry. Savings should be a general thing but if you are not in position where you can save money no matter the times don't force yourself so you don't break down because of hunger.

What I have seen mostly teached in this matter is always related budgeting at a least as basic suggestion.
Just make a budget of expenses and try to elaborate a plan for earnings to cover such expenses.
You don't know where to start? Just recording your daily expenses and start to read the previous ones.
If you know what you will earn and what you will need to expsense (even if this is a planification) would provide a great advantage for your wallet.
This allow also to understand when you need to make important expenses or what are the best saving strategies in the long time.

Save up enough that during rainy days, you will be fine. Spend enough to make yourself and family happy and motivated. Because what is life if you can't enjoy it? Find the balance between happy and responsible. It is possible to find that line and live a fulfilling life.

I may disagree to this your statement which I bolded, which says that we can often save if we decide to, regardless of the amount. In as much as saving is important, we can not deny the fact that the amount we received as salary or source of income matters. Infact saving can be determined according to our circumstances. A person who aim higher with less responsibility may be able to save as much as they want, whereas a person with low payment with higher responsibility may not be able to save base on his circumstances. So we can not use our own situation and compear to others. If you are able to save doesn't mean others will save. Most times they do save as little as they can but due to circumstances surrounding them, they often use their saving to solve such problem. So now what is the essence of saving while after some time you spend it on something you never wanted to spend it on? Meanwhile the untended usage has not been accertained.

Like I have said earlier, that saving is determined by our circumstances which implies that many people can not save due to their income level and the responsibility level.

People are saving even in the presence of inflation. How are they doing it? Are they stupid? No, they have the discretionary money to save or they have money left over after meeting their daily needs.

But what about those who struggle to meet their daily needs? Is saving easy for them? Or should it be easy? Would you still say that people complain unnecessarily about saving?

For the rich, both investing and saving are easy, you will probably never hear them complain about these things. Most of the people who complain are middle class or poor whose income is not enough to meet their daily needs or there is no money left over to save after meeting their needs.

Consistency is definitely a difficult task, not many people can do that and because of that I believe many fail. The "quickness" part is also another part, too many people want to be rich right away but that is not possible, not in bitcoin nor in anything else. That is why I believe we are going to end up with much better results if we wait for it and that is why it should be very crucial period for all of us.

If we do this then we are going to get returns that are better if we can wait for it and not make a rushed decision. When you rush and try to get rich right away, the returns will not be that crazy and the returns will be volatile and there is a high chance that it will not end up with a good price at the moment.

Yes, discipline matters. Yes, small amounts compound. However, mindset is never a complete variable. Saving will be less of a matter of discipline and more of sheer survival when wages do not rise and rent, food and healthcare, increase even more rapidly than the inflation itself. People are not always "choosing" to not save. They are cornered. It is no more than telling someone who has utility bills to pay that it is the wrong attitude and that they should concentrate on posture rather than on running with bare feet on glass

The difficulty of saving does not cancel the principle. It simply transfers the responsibility. It needs not only individual psychology, but also political economy to save. Why are there this many households that are an emergency away from breakdown? Structurally, people get rewarded to consume, not to store. Spending is one of the areas that are subsidized by governments by credit expansions, and not savings. Organisations design instant obsolescence in their products. Your mindset is fighting a billion-dollar incentive machine designed to keep you from saving in the first place

Savings doesn’t only have to do with mindset, although mindset is involve because they are some persons that earn very well and spend only on materialistic things even when they still have extra cash to save but because of the mindset to save is not there, they won’t. But they are also some persons that have that mindset but it’s hard for them to save because of too much responsibilities, even what they earn isn’t even enough to sustain. so when they try to save, more responsibilities keep coming up.

It requires a lot of discipline to save, some people only think about the present instead of thinking about the future. Some make the excuse of not earning enough a good reason not to save but that's not a valid excuse. Saving 10 to 20 percent monthly can accumulate to something significant in the future but like I said it takes discipline to be consistent with it especially when the result doesn't come instantly

Okay, so you are saying the just try harder? But that thing doesnt really work here.

Because for tons of people, saving 10% just isnt possible!  Its not about having the wrong attitude; its just plain math.  If all their money is going to keep a roof over their head and food on the table, where are they supposed to get that 10% to even get started?

Saving money is a habit , there are some people who use to make reasonable amount of money daily, weekly or even monthly but they are unable to save while there are people that even with the small amount of money they earn they developed the habit of saving despite the amount of money they earn.

Saving money is very important, and there are several reasons why people save money, some people save money because they have target for something, and some people also save for emergency, and which ever way, to having savings will prevent you from running into confussion when there is any monitory challenge.

Not everyone is in this situation. Some people who deliberately don't save don't do so because their mindset is damaged, but rather because their mindset is on a smarter and more informed path. Because people who have begun to realize the need to no longer solely save fiat money will continue to invest their money in other things, whether it's starting a new business or directly exchanging it for other stores of value like gold or even buying Bitcoin. So, we also need to examine why some people aren't saving at this time, besides a greater level of responsibility and a level of self-determination. Because smart people who have income always think differently from the way most people think, so they have wiser preparations and plans than most people when it comes to saving.

No. Even if there is no inflation, I doubt that those who can't save will be able to save. That's because they'll have more purchase power and the money that should be done by the inflation will go mostly on what kind of lifestyle these people live. And so, that's why even if we have no inflation. There will be ways for people to spend their money and no one is going to stop them until they realize that they should start saving for their future or any emergencies.

If you are living in a country with high inflation yeap its hard to save because your needs always getting more expensive day by day. But if you don't save its hard to live in the future. But the real matter is how can you do that? Easiest way by improving your producing skills to dedicate your needed. For instance many people use their garden if they don't have they are using their balcony as their farms by planting some vegetables in pot. In this way they reduce their grocery spending (You can't know how important that small amount money. If you wont agree with me just met one Turkish mother she will show you how important is it).  You in the Turkey inflation is so high and as I said before if you live in a country with high inflation your producing skill will be improved and many Turks can produce their own alcohol beer, wine, rakı etc. and some of them is soooo perfect :D There are many other ways to reduce your expense and increase the income but hardest part is saving value of your money. Now even our coin's expenses are more than its value :D So we have find something better choice than ₺ like $,€,BTC,gold etc.


For the starters Reduce expenses, save the value, invest on something its easy to say but hard to follow. Who can manage to do that will be better in the  future :)

I'd have to disagree with you on this. You fully know only your financial situation and do not understand how it is for the next person. I don't think you're among the poorest of the poor. So you definitely cannot know how it is for them and if they can save or not.
"The poorest of the poor" likely lives hand to mouth. A person who lives like that can barely afford to eat one hearty meal in a day. Asides feeding, there would be other bills or expenses that would need to be taken care of. How then can such an individual put money aside for savings? No matter how set your mind is on saving, if you don't have to save, you simply don't have.

To be able to effectively have some savings, it's best to try and increase your income. That way, after expenses, you'll certainly still have some money left to put away.

This became no easy way of life in a society occupied in full with cnsumption. A normal life today requires thousands of dollars to just satisfy simple need like home and transportation without to mention any luxury stuff.
Maybe the solution is to join one of those premitive tribes in Australia or Amazon forests eating fruits and hunting big animals. But you always need to spend for health and other basics.

True, temptations to spend are always there, and if you don’t know how to set limits on your expenses, you will definitely end up getting rekt and penniless. No problem for those who are earning well as they can afford to keep buying regularly, but for minimum wage earners, we should be responsible in managing our expenses, prioritize saving first as much as possible, and focus on needs, and just delayed our wants. Live life simply and low key.

Will you prefer to save and after a week or two the money saved is tampered for something else? Just asking. I think it is not necessary to save when you are not financially stable. You cant be saving and let problems be pilling up from day to day. Most person try to save when they would have reinvest into what is giving them the money. Irrespective have advantageous saving is, we should know when and how to save. It is not just about saving, but saving for the right purpose.


pooya87 you are not far from the truth. You know, we live in a world where the unexpected happens a lot. And life can be funny at times, like what we dont expect or plan can come that will tamper or make us deviate from what we planned originally. There is how we used to say it in my country "if rain no fall for your roof, you no go know weting other person they pass through". This phrase, simply means that, " Until you personally face hardship or misfortune, it is very had to truly understand or what another person’s struggles with or is going through".

 I have also come to believe that life is in stages. For you to be able to save, you must have passed through some changes in life where you know it will be a lot easier for you to save and cover every other expenses without struggling about it.

By planning properly, we can save successfully. We can save even with a small or low income if we want to. If we save a little at the beginning of the month, then at the end of the month, we will see that a very large amount of money has been saved. If we avoid buying unnecessary things, then a lot of money will start to be saving. Sometimes small expenses such as: using private vehicles where local vehicles can be used are nothing but a waste of money. I think this saving will be very useful for future happiness or if we are in danger.

I'm afraid that's not how easy things are, and I'm pretty sure you are only an observer or spectator, and you have barely started your practical life, where you have a family, a house, and have to take care of all the expenses and other responsibilities. :)

When you say one should save some money at the beginning of the month and then a lot of money will be saved by the end of the month, you say that as if it's like playing a game, where you start playing, and if you play well, you get rewards or get through stages. That's not how it works in practical life, especially if you are not earning a lot of money. The only people who can save money when they have a family and a household to take care of are those who either earn a lot of money from a single source of income, or have multiple sources of income.

Plans and strategies or budgeting doesn't work and help you save money if you earn enough only to fulfill the basic needs of your household. :)

In fact, each person has different plans for saving. In my case, when I leave the rest of the money to me and save them. But fortunately I can't save long because I spend on any need. But I think it's not wrong. However, many do not have enough money to save them. They have no profit by saving such a small amount of money.  However, it is a little difficult to save the poor people because after running their family, the money is rarely left. That is why I see many poor people deposit money as savings in different establishments. This method is also very good because if they have money, they will continue to spend some work for the family.

Agreed, there is a huge gap between saying and doing, and it is easier said than done. Especially for people with low incomes who already have families, saving is a challenging task. Because we need to meet family needs before saving, we cannot set aside some money to save at the beginning of the month when family needs are not met.


No offense, but only people who are single and still receiving allowance from their parents think saving is easy, even when their income is low.

Those who are married with 1 or 2 children will understand well that budgeting strategies and plans will not help if their income is low and they do not find ways to increase it.

There may be two reasons behind those who find saving difficult, one is economic pressure or lack of saving mentality. There are many who may have low income. They do not have extra money to save after meeting their basic needs in life.
Due to which, even if they have the mentality, they cannot save due to lack of extra money. Again, there are many who have good income but do not have the saving mentality due to excessive spending.
Therefore, it cannot be said that everyone can save just by having the mentality because not everyone's financial situation is the same.

I agree that even with small income or amount, as long as there is a will we will able to do that. I think that lifestyle inflation really is making saving very hard.

Think of it before that when we don't have huge income, things are going well and we're able to budget things with a small income.

But when income also increases, that's the time that also spending have increased. So for me, it's not about how huge or small your income is but it's how disciplined you are with how you spend or save your money.

Considering that people's incomes vary, you know that some people only earn enough to cover their daily needs, and perhaps even that isn't enough. I agree that with intention, anything can be done, but this won't completely change the reality. I believe every country has its own communities experiencing economic hardship. And while some people say saving is difficult, the problem actually lies with themselves, sometimes lacking consistency or discipline.

People who can't save money because they feel it is too hard can't invest their money, their mind will always be on the money as if they just throw the money away, also it is likely that they are raised by parents who don't believe in savings as well.

Life problems can also be a plus, someone people are not just hard working but are used to saving money for future purposes but the responsibility on them alone is overwhelming.

If one can't save up for investment reasons or for future purpose how will they happy in the future? It is clear that future always get harder than the present, it is better to avoid responsibility when you are not ready yet, find solutions to money problem before you get caught in full responsibility.

Well, the economy system have changed so bad that so many people in some countries are earning just very small amount of money monthly (not even weekly or daily) but they wait for an entire 30 days to get their paycheck and the amount received is not even enough to save all their needs and that of their family. So, I actually understand how bad it is for some people, that's why they complain about saving. The way in which one can save successfully is if they are earning well, then they can get the most important needs and save the rest.

The community is currently in inflation and the economy, it happens globally, no matter those who work in government, private sector and so on, complaints can be seen every day in the media, News and so on, but with a bad economy today does not mean we cannot save, there are a thousand ways of someone if there is a desire to save.

Example:
If you have a monthly $ 1000 income you can invest $ 30 in any form, money in banks, gold, property or bitcoin.
If you do it at the bank try not to use an ATM every month you transfer $ 30 to your bank account, and
If you invest in bitcoin use a safe wallet/wallet, you need to store keys and passwords in a safe place, don't use it on the exchange.

You need to understand your investment must have a long term 5-10 years.

People who understand the Bitcoin DCA strategy will definitely understand how they can save from small to unexpectedly big because they have a realistic conviction on that. Although if there was a way a savings could be place were someone will keep it were is not going to be tampered will be most preferred because saving and investing at the same time is different from just savings although because for investment is hard for it to be touched but in ordinary savings is easier to use it because is always there so actually this is why people use investment instead because savings takes a lot of determination to resist the usage.

The problem for some people with small incomes is the constant amount of routine expenses they must always have in their lives. Therefore, no matter how hard they try to save, it's still difficult for some of them because they can't resist going hungry just to save every day from the beginning of the month. Furthermore, for some people who work as laborers or daily-paid workers, their income will not always be consistent because their income is highly dependent on whether or not they work each day.

Saving or investing becomes harder when you save or invest what is left after expenses (such as paying bills, shopping, etc). If you take the approach of saving or investing what is left, you would be unable to save anything, because there would most likely be nothing or very little left. And you would end up living from paycheck to paycheck.

In order to save or invest successfully, you must learn the habit of saving or investing first. Once that check comes, you take what you have budgeted for savings/investment and put it there, then you spend the rest. Do this while improving and investing in yourself too and you are on your way to success.

To my knowledge those who don't have enough income to meet their basic needs are the ones who complain about creating savings and find it difficult. Moreover it's correct that the high cost of living and unexpected expenses, as well as the urge to meet the needs of a family, can be a major obstacle to saving for many. But perhaps you need to know how to overcome these obstacles because if you spend it properly and keep track of it, even it is  possible to overcome this obstacle by depositing small amounts of money instead of depositing a large amount. Even I think that the economic situation may play a good role in saving because it is often seen that this task can be more challenging when inflation increases and the prices of daily goods increase.

Expectations may not be as easy as imagined, but there are always ways for those willing to strive to achieve a better life through increasing financial capabilities. Saving becomes more difficult if someone doesn't have a source of income that exceeds expenses, so ultimately their salary is only enough to meet the basic needs of their family. This doesn't even mention the effectiveness of saving in the long term, given that fiat currencies will continue to depreciate in value.

The most important part of this problem is finding a solution and how someone with a low income can continue to increase their steady income sources through various jobs. Generally, we will try to find a way to get out of bad economic pressure to make life better and that is the most important portion if someone wants to get out of a difficult life line.

We really don't have to do too much when it comes to saving, it's just that people lack discipline and many persons only save only when something is left after spending a lot.They usually treat saving optional instead of making it a priority.Saving feels hard,but it requires planning, discipline and sacrifice.

Some people will want to have enough before they save. They are expecting that when they make make it big, they would start saving. But they should have a mindset that with that little they are earning, they can save and make a financial impact. Consistently saving small amount could cumulate to an amount that will be reasonable for a profitable investment. 

What I think is that many people cannot save as much as they hope due to proper planning and mindset and habits. However, yes, inflation makes saving more challenging, but this is not the only reason. Many people think that saving is possible only when there is enough money in hand. But the reality is that saving does not have to start with a large amount of money, rather it is important to start, it can be done in small steps. Those who start saving as a habit from a young age can adapt even during inflation. Those who think that they cannot start saving until they have more money. I would say that this is their biggest excuse for not saving and the worst mindset. So finally, I will say one thing that proper planning, patient mindset and the desire and habit of saving help in saving in the long run and successfully.

Haha you used the word he here, the feminist might not like it haha, just kidding.

Anyway you are right, it really does not matter how much we are saving, the action of saving itself is more important. Either we are saving or not, that's the main question. If we have $10 left in our pocket and we think, let's buy something with it that we absolutely don't need, and then we say, what's the point of saving $10, haha, let's just spend it.

But if we would have saved, even a small penny adds up and later it can become a lot of money. At the end, we might end up with a big amount without even realizing it. Therefore we must save, no matter how much it is.

It is very easy to be successful if there is money and an environment to save, and if there is no environment to save, then it is very difficult to be successful. I mean, there are many middle-class families who, while living their lives and meeting the daily needs of their family, have no money to save, it is difficult for them to be successful. However, those who can save a little money by running a family are the only ones who can move towards success in the future. It is true that those who save more frequently will improve their financial position and will continue to move towards success, and those who are not in a good financial position and cannot save will move towards success slowly. Those who are poor have to work very hard to move towards success, but still do not see success, basically their poverty is an obstacle to them reaching the place of success. Still, people try hard enough, save a small amount from the amount of income they have for the future and dream of success in the future.

So many people mistakenly believe that saving is only for those who have extra or huge amount of money,and that belief becomes a trap. To me the truth here is just that saving is a habit, not a luxury. It’s more about self discipline and mindset, than the amount itself. I would also say you are right proper planning, and a patient mindset are key. Those who start small and stay consistent often end up saving far more over time than those who wait for the perfect moment or till they are now having a full truck of money of they are now financially stable that never comes. It’s the small, regular steps that lead to financial growth.
People  actually need to build financial reliance they can actually rely on when things are hard because all days are not actually friendly and that starts with setting clear priorities, budgeting wisely, and sticking to saving goals even if it’s little by little. So saving is actually very very important.

Although saving may work for you and me, it might not work for someone due to a lack of financial planning. Quite alright, some people are finding it difficult to keep saving due to their schedules or due to their lower earning income. Indeed, saving even with the small amounts or the little funds can make a significant accumulations over time, however. It seems very challenging to some people because of the current economy depends on where you are, there is no any possible way for some people to begin saving based on their basic needs and some unexpected financial challenges,  but saving is something that requires a financial mindset.

Moreover, when someone hasn't discovered or become aware of how beneficial saving may be or its profits and financial rewards, there would not be a motive, but when all these benefits are known, both the savings, budgeting and financial management would become easier irrespective of their financial stability.

Yes, especially in countries where inflation is so high that a product you buy this month for $1 will cost $3 in the next couple of months. How can one save money this way? If your salary isn't increasing but the expenses are, you are only going to need more money which makes it impossible for you to save money, but on a contrary, you will keep getting debts because when you run out of money, you will need to borrow from someone, or take loans only to cover the basic expenses, and then you have to repay that over time, making it even more impossible to save anything.

So, it's all so complex when we live through it, but it might not sound so complex when we talk about it. I know it is because I'm living a practical life with family and everything, and I know how it is to try and cope with everything, your expenses will always outrun your dreams for saving money and building a better future.

You know, this is really ideal for those who are earning quite well, but for those who only earn enough to sustain the daily needs and pay the necessary bills, still saving is quite hard to be done. However, no problem with saving with very little amount like less than of a hundred bucks, but based on my personal experience, that amount will still be used later on once you already used up all your funds and yet your salary is still few weeks to go.

Saving is really hard, regardless of its amount, as long as you are still in the state of living from paycheck to paycheck.

From my experience, saving is hard for people who cannot adjust to the situation.

Let's say a woman likes to party, spend money on clothes, parties, expensive makeup and perfumes, then she gets into a relationship and has a child. Now she needs to spend some of that money on diapers, doctors, toys and all that, which she does, but she also keeps buying all the things she's used to. Obviously she doesn't have enough money, so she goes into debt, gets depressed, complaints that she doesn't have money to live a normal life, but what is normal? For one girl normal will be buying 2 pairs of shoes a year, while you might need 10.

A smart person will decide whether the needs can be met based on the current income and expenses and adjust habits if needed. If you can't do it, you'll eventually get in trouble with the law because you'll try to have things you can't afford.

You are right, consistency and patience are the key of success in the world of investing. Many people imagin to be rich in short time especially in bitcoin but the truth is it takes time and discipline to be successfull. But digital currencies like Bitcoin can really make us wealthy in short time no dought. It may look exciting to be richer in shorter time but it comes with high risk and emotional decision making. We should be consistent alongwith strategy in order to ride out vitality and took advantage of real growth over time. More the struggle we do, more will be the fun enjoying our rewards. Those people will get rewards who are willing to be patient and think beyond short term. This time period allow us to not only grow our wealth but also make our mindset strong. Stay focused snd avoid rushing the results will speak louder than words.

People cannot save because the problems they have on ground is much more higher than how much they earn. If your salary for the week or month cannot afford to cover for your basic expenses during the period, then it’ll become very hard to save no matter how you try to. Saving is really a good thing and even with the lowest amount you can afford, if you can save some of your earnings for emergency or future purposes, it is the best for you. Unforeseen circumstances do arise and funds like this can intercede for you and make cover up some expenses. No matter the condition, saving is important but if you can’t afford to, you can reduce your expenses or better still if they’re basic amenities that can’t be adjusted, seek for other means to earn so that you can get to save.

you have just said it all @Die_empty, saving money is very difficult now, because this time around people are not longer earning some thing tangible as salary that can cover their basic needs and expenses for the week or the month depending on the county they are working and the type of job they  do there. Majority of people who are only receiving just salaries always ran into depths just to survive the remaining days of the week or the remaining days of month before they can get paid, which is making it difficult for them to save.

And there is no doubt that a lot of people out there spend money on things that's not really necessary which is not making sense to me, because as someone who have financial planning I think you won't be spending money on things that is not  irrelevant, just because you want to show off, why you don't even have much, those funds you spending on irrelevant stuffs can be save and before you know it you will realise something reasonable from the little amount of money you been saving.

Is really hard for some people to save because there problems is bigger then there earning so they will always find it difficult to save for emergency. Saving is a good thing because anytime you have problems your Saving will help you out quickly to resolve the problem you are into. but if you find it difficult to save even you probably have issues you will end up on debt because your salary is not enough to solve you problems. That is why if you have Saving everything will be going find more than person that don't have enough to resolve is problems. If you can invest you can probably save for your investment profit but if you don't have money anything will be going hard for you and not to finish what you started. Saving, investment are the best thing person can be doing and is life will go well without difficulty.

Saving is actually hard especially if you are a low income earner or just earning around the minimum wage without any prospects. To add to this the economy makes it even harder. It is not the wrong mindset towards saving, it is the stagnacy of income and other economic factors of prosperity that hits hard on us. There is no longer middle class anymore because that line has been erased by very harsh economic policies that has brought about inflation and the recession that has no end in sight.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?
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 Thank you so much for your beautiful question, let me tell you why some people find it so difficult to save.
I start by letting you know that it's very very possible for one to find it difficult to save or for one to say I can't save, because peoples with their different ways in which they earned their income, some people are earning through their business,some are through their hand work and some people has no business or hand work, and people without a business or hand work will find it so difficult to save, because he or she has no source of income, there are people whose their income cannot even buy him or herself three square meals let alone  savings some of it.so some People's inability to save is not actually their fault rather it's lack of sufficient funds or income...

Saving sole amount is not a difficult task but it tends to be so if the individual is not discipline enough to create such plans in achieving that. Another thing is some people spend above their salary range like they ain't that discipline when it comes to spending. There are different ways one can achieve a successful savings plans and it start by creating a budget and allocate a certain amount each week or month and hopefully you'll accumulate something tangible.

You are correct because sometimes discipline is not just enough when it comes to savings, if the income is not enough their is nothing you can do about saving. The only way savings can be achieved is if the income is high or their are other means of income , then it becomes possible to make savings. In this harsh economy sometimes it is even so difficult to give account of how money was spent just because of inflation, when the income is high you dont need to struggle to save money. Instead to continue with struggling to save with low income, it is just better of looking for a way to create other means of income.

Saving is one thing that, is good and commendable but what should be encouraged and emphasized over saving is investment. Saving means that your money is just wasting on the saving box or in the bank account, which the bank is making profits from so in as much as saving is good investment should be prioritized over saving.

For most people, saving involves sacrifices, giving up on certain things in order to save money in the end of the month. And that is something they aren't willing to do, rather they prefer to blame someone else for being unable to save and thrive.

Of course it can be someone else's fault as well, at least partially, but that is how reality presents itself in front of us, so it's up to us to find a way out this unfair situation. Then you have to give up on pleasant activities, tasty and even healthy food, several meals a day and brand new clothes and accessories to be able to fulfill your financial goals.

And even by doing so, there aren't any guarantees of success after all. It means it's a risky bet not everyone is going for.

Therefore, the mediocrity of a miserable life where ephemeral pleasures are pursued in a daily basis seems more comfortable. It has an anaesthetic effect to the frustrations accumulated along the years.

To save, we have to be diligent and stop ourselves from spending too much, like there are many people who spend too much and it would be better if we didn't spend at all. There are many people who smoke over a pack a day. If these people stop smoking and invest one to two dollars a day, they will be able to invest 7 to 14 dollars a week. There are many people who spend too much. If they are aware, they can save and move forward. We just have to be aware to save. If we can maintain our highest awareness, then we will definitely be able to move forward through good savings and improve our lives.

Saving comes before thinking investments that's one thing you should know and you can't succeed in investing in anything without putting the money down that's what savings does it allows you to gradually accumulate your money while you have planned for what it is going to b used for and when you have gathered enough to start up something instead of keeping it while it's not adding profits to you the next plans should be investing in a profitable business or buying a good asset.

I think saving money is very very important but the most important is that you have to have something reasonable doing to making money before thinking of saving,

A reasonable human being that have  bills to pay have to save money so that you will be able to settle his bills, he can even save to stand up a little business.

For those with a regular monthly income, it's crucial to allocate their salary to several things, including savings for specific purposes. Because if those with a regular salary still don't realize how to allocate their money to several things, including savings for their own use in their retirement, they may never enjoy a more comfortable retirement. And difficulties will always arise if someone is not disciplined in using their money while still receiving a regular salary. So what you're saying is a real experience that everyone can experience if they lack discipline in managing their spending once they have their paycheck in hand.

Yes am of the opinion that quality investment is better than saving, not that am discouraging the idea of saving but what we should be looking at now is financial multiplication instead of stagnancy. Saving a million for years will never  yield any significant increase instead it can be used when challenging situations comes which we all know is constant in life but if the same amount is invested, before the end of the year under good conditions of service it will be doubled which may at last help in gaining financial freedom.

In my opinions while finding the ways to earn money is important, thinking about how to save money is equally essential. Saving does not mean setting aside  huge amount. It's a habit of keeping consistently a small amount a side. By doing multiple job everyone can save a little amount . It is very difficult to save money with one source of income. Without saving it is  hard to achieve your dream or handle the emergency.
I understand that many middle class families struggle with the idea of saving. But I believe they should look the ways to save their miney or meet their expenses. There is no space for blame, in the era of inflation each member of the family  need to contribute financially.

The key lies in financial management, but we acknowledge that saving money without a steady income is very difficult in this day and age. A steady income is sometimes only enough to cover monthly expenses, so it's understandable why some people don't have savings or any investment assets.
Making an effort to find additional sources of income is the best solution so that we can have savings, which can serve as an emergency fund or be invested. Although this approach may not lead us to complete financial freedom, I think it can at least allow us to live comfortably and be well provided for in the future.

Better to think about it while having spare money, if you can save and then invest that's going to work better just like what you have said keeping the money stagnant will not move anything unlike if you invest or if you open a business where money will possibly works for you, it can be double or more if in case you manage to established business or investment that become successful. It's about choosing the right path and studying potentials.

You should always remember that an ocean is created from a drop of water, and by gradually saving some money regularly according to your ability, you will automatically save a large amount after a long time. And for this, you must have a strong mindset to save. And you must give up some of your bad habits. You must give up the habit of borrowing. You must learn money management and spend wisely. You must be a bit stingy. Then it is possible to save successfully.

It's very necessary to save money even in the olden days money is been saved.
But how can one be able to save money successfully.

Now to be able to save money successfully  we need to indulge in the following

1.set a financial goal for your self
2.create a pattern or strategy how money will be spent
3.There is need to adjust expenses
4.make a plan before spending money
5.build a financial standard
6.Regularly check the flow of saving
7 .There should be need consistency
8.one need to start small and grow

People complain about saving money because of the responsibility around them and it would be difficult to save if they are earning little salary and at this point it is only easy to save if you are putting the money in a place that is very difficult for you to take it easily, I encourage everyone to save for rainy days because we never know what will come up and at the same time I don't blame anyone that isn't able to save money because it is not easy. Saving also takes discipline and management for you to pull it off, I started saving money recently and it has been a rollercoaster ride because I have cut down my expenses and living off the little I have kept aside for my daily expenses and it's way very little than usual, I guess it's important for everyone to learn how to save.

In fact, people have the wrong mindset towards saving their money, due to which people are behind in saving. If people want, then people can achieve a lot through small savings. We never think about our future, we are staying away from saving because we do not think about our future. But if we move forward by saving small amounts, then in the future this savings will become our most valuable asset. If we can save a small amount of money from our own daily expenses and invest it in coins like Bitcoin or in good places, then in that case, that savings will bring us a lot of success in our future, but we never imagine it, without imagining it, we are moving as we want. Let us all establish ourselves first and from what we earn, we must save some amount so that that savings plays an important role in us someday.

People who try to save money has to face many challenges  especially those who has limited income. It looks that saving is impossible for those people if they meet basic needs and manage unexpected expenses. But your suggestion to save small amounts regularly is very consistent and even moderate savings can add up over time and create a financial cushion. They should track their expenses and budget carefully to be aware of their spending habits and at the end they can add or remove certain things to save money. But in this expensive environment its very difficult to save money so people have to be adaptive to changing economic conditions. Saving needs both discipline and the understanding of economic context.

It sounds really simple but it usually just comes down to two simple factors. The first is not earning enough money, which it usually true for people who are near minimum wage while maybe living as a single person that increases bills that might be split in a couple. The second is spending more than you're earning on a regular basis, which either leads you to break even every month or slowly descend into debt which becomes harder to escape. When you have gotten into debt it becomes very sticky and can trap you, unless you start to budget properly. Things like inflation do creep on us every year and while it is noticeable we can mitigate it slightly by being more careful with spending and potentially trading downwards on products.

If someone has only one source of income, I think saving consistently is clearly very difficult. Therefore, in order to build savings, everyone should strive to have more than one source of income, the key is not just to focus on limiting monthly expenses. Sometimes, even after managing expenses well, there is no leftover budget to save.

Almost all goods are experiencing price increases at the moment, yet those with fixed jobs are not receiving salary raises to match. Therefore, in my opinion, everyone needs excellent time management right now in order to learn new skills that can ultimately increase their monthly income. For those who currently have sufficient savings, try to learn how to invest them in the form of assets, that is the way to obtain real profits in the future.

I don't agree that the amount you're saving doesn't matter; it does. Saving $10 every month for a year is just $120. Except you're saving the whole year to afford groceries or just buy food, I don't see the point in that.


Disagree again. Emphasis on the poorest of the poor. Do you have any idea what that means? That means within the poor, they are the poorest. Are they even guaranteed two square meals before you can talk about an income? Do not talk about things you do not understand.

This is the reason why people fail in every saving attempts because they always consider what will be the whole total amount of their savings within a month, a year or a decade. Just to make a clarification, there’s no required amount when it comes to starting to save, you can always save irregardless of the amount, the important thing is, you are definitely motivated to save consistently.

Now if you think in general that poor people aren’t capable to save, believe me you are wrong there. In fact, they still have savings but just a small amount, compared to those filthy rich who have definitely huge amount of total savings.

What we are talking here is how to save successfully, and that will only be possible if you take time to save most often. We aren’t talking here that saving requires a significant amount for you to save successfully and profitably.

I agree with you that everything matters, how much you save, the way you save it and what you plan to save for, all matters and none should be undermined. 

Also for the poorest of the poor is like in the class of poor people one is poor which in global definition means one is living below a dollar bill in 24 hours, that means they can't even afford food or they depend on begging or government provision.

Saving may be important for those with large amounts of money, but for those with jobs that pay less, saving is even more important. If they balance their income and expenses properly and save a certain amount of money at the end of the month, they will definitely be able to do something in the future. If they invest that money in Bitcoin or start a small part-time business alongside their job, they will definitely be successful.

Saving is difficult for people that are struggling to pay there bills, Saving is very important but not everyone can be a saver, because not everyone is capable of doing that the rich people have the opportunity to save and anytime  emergency comes for them they can used the funds and cover up immediately without too much stress but people that can't save always strongly. and that can of people you won't see they are investing or doing business they just depend on there jobs, anytime the salary comes they calculate everything they will used for that month and that is all. they will be expecting for another next month they don't have the huge amount that they can save for emergency or for investment

Is only few people can manage there funds and able to be Saving it and rich people always be the best of Saving and do anything they want, and you will see them always have more advantages of investing and be getting a huge profit because they will connect with others people through there funds to be solving there issues and get opportunity to invest in different things or business and that is the reason why others that don't really understand Bitcoin will think bitcoin is for the rich people doesn't know that anyone that have the funds can invest without to much worry and get profit for the long term.

The reason why some people find it very difficult to save money is for many reasons often intertwined with psychological, economic, and lifestyle factors. The major factor is that the pressure of spending money that you don't have before will make you forget the whole benefit of saving. The moment you are satisfied with all your needs, you realise later and make arrangements for future income, which is if you have it, because money can be saved when you have a really reliable source, which is steady income.

Economic conditions also play an important role when it comes to saving because low income and high living, and also unexpected expenses, you don't even expect them, and they appear –can make it hard to save, especially for people with limited resources.

Lifestyle choices and also financial habits: some people choose to live a very expensive life, which can also contribute to the difficulty of saving. A poor budget and a lack of financial education can also lead to unnecessary spending and also a lack of awareness of not knowing where money is going. Without any clear financial plan or goals, all this can make it easy to let saving fall.

Everyone faces their own challenges when it comes to saving money. This could be because they need to provide for their parents, they live an overly extravagant lifestyle, or because they can't manage their finances. So, it's understandable that some people complain about not being able to save. There's definitely something preventing them from doing so.
However, I believe that if someone is serious about saving and manages their finances effectively, there's nothing stopping them from saving. Regardless of the amount, it's important for someone to consider saving because they never know when they might need cash quickly, and saving can be a lifesaver. It all comes down to whether they truly want to save or not.

They key to save successfully despite high economic inflation is not just saving cash, but rather protecting and growing value. When I mean growing value, instead of just saving money in the bank for the sake of future use while not channel that savings into assets that can appreciate and increase faster like land, rental properties, stocks and crypto etc which brings about gains and more savings. Actually for one to totally rely on ones salary makes inflation harder, so I advise onevto add up a side hustle or investments to maintain the balance. The best inflation strategy is trade, finance and tech, these are skills which can increase earnings and one to have more than just saving successfully.

Nice comment. Basically, when inflation rises, money loses value. So people should look for assets that tend to hold or increase in value during inflationary periods... and I guess we can say we are constantly trapped in that period.

There are good assets, and some of them require a lower and some a higher entry fee. We can't start investing in some real estate-related business with $1k... It's even funny to think about it. But I guess anyone can buy some coins with that amount, or some gold... anything that will hold its value or maybe even raise it. People just need to remember a few things... One of them is that there's always risk, but the more profit someone wishes to make, the bigger the risk.

For me it will be interesting to read, how many people really think of saving money. Both for long term or for short term expenses. I notice a lot, that people live from salary to salary and not because they dont have enough, but because they want to spend money all the time. And not only young people live like that. People who are in age, or that will retire in 10 years, also dont think a lot about saving. Do they expect to have large pension and live only on those money? I dont think that is a smart idea.

I think you're getting it wrong here,op is referring to those that doesn't have a stable source of income or maybe those who are into side hustle you know thier income is not  that big compared to those who are working in a company or business owners. those who are working in a company can get enough money to pay for thier expenses and still have enough leftover which they can use to save or Invest into other business, but if you're this type that depend on side hustle sometimes the money you will make can only cover your expenses without having any leftover so if you find yourself in such situation then you will have to reduce your expenses maybe you can only choose to go for the Basic necessity to enable you have some leftover that you can put in your savings, it doesn't matter how small it is rather your consistency is what matters.

This is of great importance. Anyone with small savings feels uncomfortable and insecure, while those with large savings feel the opposite.

There we go again. How can you claim that the amount you save doesn't matter? If you save $10 every month, for example, it would take 1,000 months, or 83 years, to reach $10,000. But if you save $100, it would be 8.3 years. The difference is significant, and human lifespans are finite.

Saving a few bucks a month will NEVER amount to a significant amount. You simply won't have the lifespan to accumulate anything significant.

Anyone can save: both rich and poor, but the rate of savings will directly depend on the standard of living.

Because they spend too much, on things they could do without. As income levels rise, people's needs increase, because having reached a new financial level, their overall consumption increases (they can afford things they couldn't before).

Inflation affects money. So, save your money in other assets that aren't susceptible to inflation.

I think people often don't take savings seriously at all. They don't even try.

I have come to realize that people are facing different challenges at this time that the world economy is crumbling, in has not been easy with people, if MR A is not facing any much pressure may be he doesn't have much responsibilities he shouldn't be expecting MR B to have the same level of investment with him because things might not be as easy as he thinks for MR B so that he can save or invest freely, yea savings and investing in valuable assets is very important for the future, I also understand that people are full of excuses even though they can invest in valuable assets like Bitcoin gradually with what they can afford instead they keep coming up with different excuse but I have also understand that many people facing difficulties even the amount that come to their pocket will not be able to solve all their problems.

The only problem I have with some people is that they don't differentiate between necessity and expenses that can come later, the just spend na spend without considering investing in valuables assets future the future, people should understand that fiat power will keep going down because of inflation so the best option should be seeking for alternatives to make your wealth be it little or big to have values and how do we do that, is by investing in long-term profit oriented assets that grows your money into something unimaginable in the future although it will also depend on your consistent investment in such assets and it should be trusted asset like Bitcoin but if we are facing financial challenges we can tackle them after all hands are not equal financially but we should not forget to invest little, as my locality will always say e get why.

If they are providing for many people in the same family, it will be tough for them to save. If not then they can save depending on their expenses. Expenses are often big and not reducible like living costs, meal costs and electricity bills, fuel costs. Beyond this, anything else can be reduced to as low as possible. Subscription type stuff can be reduced to minimal.

Beyond this you have to use investments to cover costs once they are running for years and generating interest.

It is tough, and till you get a decent earning job it will be tough. Always be on the lookout of how you can utilize your skills and never stop learning new skills so that you can increase your job choices.

Economical condition of a country determine the income level or saving level of thier citizens. The economical  stability ultimately lead the increase in saving and income. Employees can get enough income with single job to maintain the standard life. Fluctuations in monetry policy affect  adversly. In Instable economic condition, citizens have to do more than one job to fulfill their financial need. Fluctuations in monetry policy or inflation affect middle class or lower middle class badly. My Conlusive point, strong  economic lead rais in income and saving while instability reduce them.

I do not like the Idea of people being the sole provider of their family for a longer period of time, If I was the person in question I would mandate all my siblings to learn a craft for at least 2 years before they go to college so they can fend for themselves in their own little ways while I only support them. The world has grown above total dependency, it cripples someone's finances and ensures you do not grow.

My parents I opened a business they do at home and I support them with minimal things now and not entirely being responsible for their total well being since they realize some profits from the home business and If I have more money before the year runs out I would add another for them. I have this principle of settling everyone so I can breath some fresh air.

Get three or more savings account.
1st one, allotted for savings/emergency.
2nd one, allotted for the expenses/bills.
3rd one, allotted for the dreams.
You get the idea on how to save properly. It won't be easy because of all of the expenses and other costs that we're paying. But if you really want to save successfully, you need to calculate everything and accounting.

This is also a very good method to be taken to have a good savings because it is very difficult to save them you are making use of one account for your expenses, your emergency funds and the savings you what to keep that will savevyou tomorrow. When you separate your money in different accounts you will be mindful of the way you spend especially if you are someone that can control yourself based on what you want to achieve.

Yes, it goes in one and that's harder to manage when you have them saved on one savings account. So separating each of these important expenses are a way to go for those who can't manage them. Try and test and see if this is going to work for yourselves because for me it works. At first, I don't want to try it because I feel that I don't need a lot of savings account but when you realized that this forces your mind to allocate and budget your money very well, it's a good strategy.

I got your point. Life is short, so why not enjoy it to the fullest and buy all the things all you want. There are actually some people who have that certain mindset, as a result they were not able to save even a small amount and end up panicking when unexpected circumstances start to arise.

Saving is not that hard for those who really have the real intention to save. However, due to some human nature greed, people intend to spend more than to save more. But when they start seeing how miserable it is to have no savings at all, that’s when they start to value and save some of their income.

Instead of getting 3 saving accounts for emergency fund, bills, and dream, I will advise you to get just one savings account because that is all you need for now without the stress of separation of bank accounts.
This is how you are going to plan yourself;

A saving account allotted for emergency/ bills; All your expenses that encompasses food, clothing and miscellaneous can be taken from it. This will help you to organize yourself and know how you spend your money.

Get a Bitcoin wallet for savings for the future/dreams; This will be for the purpose of saving for the future. I will not advise you to save in fiat because the value can depreciate and bank will not give you substantial interest for using the money you saved with them for businesses and for loan. If you can be buying Bitcoin on intervals and hold it for at least 5 years, your profits would exceed what bank can ever give you as interest. The mindset of holding is for the bigger reward.

Splitting savings into multiple accounts really helps create structure and discipline around money management when everything sits in one account it is too easy to mix up emergency funds with bills or even dip into money meant for long term goals by separating them you give each account a clear purpose and that makes it harder to spend impulsively. The emergency fund account gives peace of mind because it is there only for unexpected situations like medical bills or sudden repairs this means you don’t need to panic or borrow when life throws surprises the expenses or bills account ensures that your monthly obligations are covered without touching your savings and finally the dreams account keeps motivation alive because it is tied to future goals like travel a home or even investments.

At first handling multiple accounts can feel like extra work but over time it trains you to calculate more carefully and plan your spending with intention the psychological effect is strong too when you see each account with a name and purpose you naturally become more mindful of how money flows in and out. For people who struggle with discipline or budgeting this method is especially effective because it forces structure instead of relying only on willpower it becomes a habit that pushes you to save without thinking too much about it.

To save successfully start small but be consistent. Set aside a fixed amount from each paycheck before spending. Avoid unnecessary purchases & track your expenses so you know where money goes. Use a separate savings account to reduce temptation. Set clear goals like an emergency fund or a trip to stay motivated. Over time small savings add up & create financial security. The key is discipline & making saving a regular habit not an occasional effort.

These are very correct words. Consistent or in other words discipline. Discipline yourself in expenses and savings. Not matter how tough is the situation, no matter how huge is desire to get something, save constantly. Being disciplined helps not only to save. High chance that being disciplined will pay off in other aspects of life. There is always chance to get promoted, or discipline will lead to better day planning and all of a sudden there is a window of few hours that can be dedicated to part time job, which further leads to more money.

Saving separately into multiple accounts Is actually based on a particular purpose, is a good approach and it's helps on to discipline his or herself over unnecessary spending, and it actually helps also most especially for a common man who doesn't earn millions or billions, as you have mentioned savings for emergency, this is the most important thing, life is unpredictable we pray for good thing to happen always but definitely, emergency situation can happen at anytime, and having a separate fund, to take care of such, Like medical bill, or even loss of job , will actually save one form, going to borrow and run into dept. You also mentioned expenses and bill, this account is also essential because it ensures that monthly like rent, food and subscription are renewed, when one is financially down.

I think this is probably only done by very disciplined people because I don't think many people can do it. I know a lot of people and have a lot of friends, but only one of my friends can do it, especially since she has a large income. Maybe if I had a large income, I would do the same.
I myself am someone who finds it difficult to save on my own, so I save with others.

Perfect plan but this might be an individual thing. You may see this as a good strategy but there is another person that want the same plan but his current condition can't allow him or her. You can save money but your financial stability and what you earn at that time that is going to determine the method you listed there. A person that is struggling to eat 3 square mean and earn less money can't do what you mentioned there.

If you want to save, make sure you are earning well and he able to cover your bills, he able to debt free; you can't be owing debt and think about saving money, it's not gong to work. As you are saving money, hope and pray you don't run into any health challenges, there is nothing that makes one go broke like having health challenges that doesn't end.

If that's what you think is better for you, you can do that. But having separate accounts for specific purpose is what makes it more organized and you won't be confused on how you're going to save and spend your money. Saving in fiat is okay for those specific purposes that you'll have but I agree that still having invested in bitcoin is still the best option. But you'll have yourself in a better situation if you manage to have both.

It's not that bad to try and see if it's going to work for yourselves. While it shows how disciplined a person is but when you're in a desperate situation and you want to save badly, this is how far you can go.

We all have situations that we have to deal with. The current situation might not allow us to do it depending on the circumstances but it shouldn't end up without even giving a try. And now you've mentioned one big contributor for those who are able to save and that's about being debt free and I agree!

I also think that if someone who wants to protect themselves from future unexpected life events, they can add insurance to it as well. This will also protect the money and investment they've saved for themselves.

This is honestly an ideal method, but this is only applicable for those who are earning quite well. For those who are just working for a minimal compensation, even paying the bills alone is already a struggle, so how much more saving for emergency funds and saving for your future dreams and goals.

However, saving does not literally mean that you have to save a significant amount instantly. Save just a little but on a consistent basis, eventually when that amount piled up, you will definitely reach a significant amount in time. Money is hardly-earned, that’s why you need not to spend them all on unnecessary matters.

I think you should change your question to: How to invest successfully? You see, it's almost impossible to save money and maintain your wealth these days with rising inflation rates. Investing is the only surefire way to help protect yourself against inflation in the long run. And by investing, I mean putting your money in things that are bound to increase in value over time. Like investing in real estate, stocks, crypto, or even precious metals (eg: Gold and Silver).

Of course, inflation is inevitable. But I think it's gone too far this time. It's not like inflation is low at 2% like it used to be (in the US). Ultimately, you decide what to do with your money. Just avoid hoarding cash long-term, and you'll do fine.

I am not really against those people as well. You know why? Because in my nation Z generation software developer makes nearly minimum wage, do you know how little minimum wage is? We are talking about people who can code 8 hours for 5 days a week, and they end up getting paid as much as a McDonalds worker.

So of course they realized that they can't save money or live a life that would end up with any worth. So what do they do? Whatever they make, they just end up spending it, even making huge debts, because they do not care, they are aware that it's all unfair, and they are getting the short end of the stick and they are not playing ball with the market. We should not really consider this as an issue because it's their life and they can decide for it.

What you have described is a repeated problem of Z or any other generation. When choosing future profession, they take as an example profession that is highly paid at the moment. When those Z nation were children and were dreaming about future profession, software developers earned a lot. Now we have excess of software developers so no wonder they earn little. They make problems themselves, chose profession that has already provided on the job market. However, people dont save as much as people were saving lets say 30 years ago. If in past a person could save for 10 years and have enough money to buy land and house. Now if a person saves for 10 years (who works on one job only), maximum what he can afford to buy is used premium segment car.

Saving is a good and very good thing for your financial security, and I don't think there is anything to complain even though we know that there is inflation, your argument is completely true, but facing inlfation, of course we have a way to fight, there are bitcoin and gold as alternative saving.

To be honest if someone wants to save money then don't be many reasons, do it consistently even though it is small, but with time we will find the results, there is no reason for those who want to save, and surely it can be with any way.

But before putting your advice into action, the most important thing is to set a clear savings goal so you're motivated to follow through. For example determine what you want to achieve by saving, such as buying a house, investing, or something else. Having this goal will motivate you not only to practice setting up three savings accounts, but also to earn additional income to cover the three planned expenses.

Essentially creating separate accounts as you suggest is a great way to achieve your goals. Using one account makes it easier to spend the money on unnecessary things. However separating these accounts into three accounts is a method you use, hoping that it will prevent you from using your savings for other purposes.

I think it is true that it's ideal for the ones who earns well. But hear me out, those who starts from nothing and starts small, they will start from the bottom and that's how they make it and able to save successfully. Because they're going to give importance for every penny that they earn. Compared to the people that didn't go through this type of hardship, so, it builds the experience and why the successful savers are making it because they went through the bottom until they have reached to the top. Everyone starts small before they make it big.

Everything comes next after saving. The principle and discipline that saving makes will give you an idea on what you should do next and that's likely investing. And I agree having that goal is a good motivation for you to do better and try to hit that goal.

When saving, it's important to save in currencies that retain their value rather than those that lose value due to inflation. If your local currency loses value due to inflation, saving can lead to losses. This is important, as the money you save must maintain its value.

The amount you save is important, but even a small amount can be beneficial and can grow over time. Regular savings can turn into substantial savings over time. The key is to start saving and maintain it regularly.

If you can do smart budgeting, then saving becomes a lot easier. First of all, some people realize even if they live a very conservative cheap life, they still do not make enough to live, and in that case the only solution is to find a job that pays more and until you find that you are not going to get a better return.

Secondly, if you do make enough, then you are going to budget carefully, life will be horrible, but if you can even live just 2 years without any "fun" then you will be fine for rest of your life.

I mean wake up, no coffee, no fun, no good breakfast, something as simple as our meal and milk, go to work, work there, in most cases companies provide food like lunch, drink water and coffee that is free there, then come home, eat a cheap meal, like rice, pasta, anything like that, have no subscriptions, no expenses, no spending.

If this is our ALL costs, just oatmeal and cheap dinner? Then I guarantee you that you are going to save incredible amount in 2 years. I know that sounds like a horrible life, I know, I am aware, but that is how you get super rich in 2 years because if you save 50%+ in those 2 years, then investing will become so much easier.

The reasoning is clear - cut it, keep it, invest the difference. But you've glossed over the fact that humans are not optimization machines and treating yourself like one is an expensive way to create damage downstream. So two years of no happiness, will not make you rich.It makes you a person who has forgotten why wealth is important. I know people who did this. Once they struck their targets, they could not stop. The stinginess became character. They are sitting on investment portfolios and yet they are buying the cheapest toilet paper and are feeling guilty about ordering appetizers. The scarcity mindset does not dissipate simply because the scarcity ceased to exist

And when you can save half of your income, you are winning. The median worker cannot. They are not failing in discipline. They are failing to have been born into the right income bracket. Your plan would be counselling the already-comfortable into being very comfortable and pretending to be poor. Most people automatically raise spending to match their income. Interrupt that pattern, sure. But it is not necessary to punish yourself because of the interruption. It involves paying attention to what you really appreciate and not what you purchase because everyone else is buying it

While it's easy for single men to save, it's extremely difficult for those with families. They need to keep their wives in check, and women always try to spend every penny they've just earned.
This is extremely difficult, because such a man bears the responsibility of both earning and saving. And if someone is starting a family, they must be prepared for it. In reality, few are, and that's why divorce statistics are so dismal.

Yeah, even how small the amount if you practice to keep doing it each time you have the chance, it will bring you decent outcome.
Especially if you are not just saving it but also doing diversions of investing your money, those who loves exploring and taking the risk are most of the time find suitable ways to grow their money.

Though it's not as easy as it is, but if you seek for it there's always a potential that you may find decent success.

Savings might be really hard for some people if they have a very limited earning sources and are already maxed out on the expenses. They will have to fulfil their expenditure first before they can even start thinking about savings. Savings is really very important but without a stable of decent payroll, this only remains as a wish which never comes through. Usually middle or lower class families end up with no savings as they already have a lot of expenses which needs to be catered first.

Rich people will have tons of savings because they already have fulfilled all of their necessities and also luxuries so now they have ample of resources to save. Savings will never be the same for everyone.

Obviously, when a person has to save money, it becomes easier for him to control his expenses, and when a group has to save money, it is actually not in the power of any one person to bear the expenses and also add money for his family. Wives who know that if we spend, it will be a loss or a benefit for us, they automatically realize it and those who do not do it, they cannot bear it even if they control it. This is absolutely true and this is the reason why they prove people wrong in today's era and wives who have to live on less expenses do it, that is why problems arise on both sides in life.

In my opinion, not everyone can save money because, of course, everyone has different lives and different needs. There are even many people who work all the time but cannot make ends meet with the wages they receive each month or each week, which ultimately prevents them from saving money.
However, most people can save money, but for a few people, there are those who cannot save money, which does not mean they are not interested in saving but because of circumstances and necessity that prevent them from saving.

In my opinion, the key to successful saving is having a large salary and expenses that are not as high as the salary, so that we can save. Most people who are able to save do so because they have a large salary and few expenses. Saving is a good thing, and of course we need to save because if we have savings, we can withdraw them when we need them. Yes, even though saving money will inevitably be affected by inflation, having savings is still a good thing because it's better than having no savings at all.

Well, even though you're right, I think there can be workarounds for that. I'm generally totally against dishonesty in relationships, but at certain points, and in certain relationships, you don't always have to share every single thing with the other person, in this case, your wife or partner. If you are making money that you know is more than enough, which means that you know some of the money you are making will remain even after you cover every expense, every bill, and all other stuff that require financial attention, you should save that money without disclosing this to your partner.

To be totally honest, relationships these days are not as strong as they used to be in the past. You can't think that you are going to stay in a relationship for your whole life, because that might not happen, especially if neither of you understand each other or have similar thoughts and mindsets. That's why, it's important for you to at least have some security for bad times.

It's easy to save money but the condition is you must have more source of income than what you are.going to be spending on your kids. If as a family man you earn 100% of your income as salary and your family only take 30% after all the expenses you can think of then that means you are left with 70% of the rest of the salary. You can plan your life with the rest of the money, you can even take some from there as an emergency funds and you still be fine.

However, if you earn a small amount the condition is going to be difficult and different. If you earn 100% of your income as salary and your family takes 80% as manage, it's not even enough, they use it to manage the house and you are left with 20%, you are probably going to be feeling the heat befofe the month end. This is why most of the time people live on debt to debt to survive the next day because the money earned isn't even enough to feed and live a simple life.

Excluding the risk in saving as a group and considering the temptation of disturbing the savings if only done by one person for those who are not good at saving money, we would see the group savings as the best option between this because nobody will be allowed to subtract any added money on the savings for anything no matter how critical it is so it will give them a good confident and psychology to only think about the money in a savings way. Although I don't fancy group thing that involves Putting money together because some persons love money to go any extent to have it so actually instead of going for the group one a person and his wife could actually do it because they have the main thing under there control which is the safety of the savings.

Saving is not difficult. If you can manage your money properly, your expenses will be less and you will start saving automatically. But saving is not good. If you rush towards saving, you will not be able to achieve anything big. To get something big, you have to invest. But if your intention is to save, then you will never pay attention to investment. Because at that time, you will have extra care towards saving and you will think that you have been able to save, it means that you are gradually getting rich. But basically saving harms people. When you save fiat money, inflation will reduce the value of your money. So the strategy of successful investment is more beneficial than successful savings.

For follow -up in the management of assets, I think it is some percentage of your savings if you are more than enough, what you suggest will be very useful, investment is important, but we must have a strong reserve fund because if at this stage we must also talk about the risks that will be received by us.

And it would be better to find additional income to increase cash flow so that our savings growth is fast.

I would say in todays world saving will not be possible with just working. If you have one job, and a worker at some company, saving is not that easy. If you are just starting out and at entry position then not only you will not save, but you will also end up losing money every month, it is not going to be enough. If you are a bit better, like junior level, then you are going to barely break even.

If you reach senior level, then you will start to make enough to save, and by that time you are 35+ years old. So I can tell you that this isn't going to be easy. This is why we need to be looking at this as a way to grow and if we can do that then we are going to end up with better approach to this situation, just earn more.

If you believe that a person who is not disciplined will never be able to save successfully. In this case I think it will not just take action through the discipline. Always work based on the current situation and stored accordingly. Suppose you do a job in a multinational company and get good salary. Then you have to divide a few steps first. And you have to spend accordingly. Although it is not always possible to save at the same rate. The reason for saying this is, I myself adopt this. And save some money. This is a productive for me, maybe not acceptable for others.

True. It's why most men stay single these days. With the rising cost of living, who's going to afford supporting a wife and kids? Inflation is out of control, despite central banks saying otherwise. Saving money is not enough to live a comfortable life in the long-term. That's why you should invest your money into scarce assets or profitable business ventures. It's the only way you can build true wealth.

Just work smarter, not harder. Some people can afford having 2 or more jobs. If you're one of them, you'd be on your way towards financial freedom. Assuming you spend your money wisely. Let's hope inflation cools down, for things to get back to normal.

Yes definitely, it wouldn't be the same because pockets varies and as such the rich saves more because they have more to save than the poor but, the poor savings can get them to a state where they would be able to save more yet fitting their bills comfortably, it means that their is no equating power in savings but a posting efforts for the poor to reach a good standard than ever.

It's true, of course, saving isn't easy if our income and expenses aren't balanced. If our salary is, for example, $1000 and our expenses are, for example, $1200 it will certainly be difficult for us to save because our needs and expenses exceed our salary. That's why I'm not surprised that some people always borrow money from the bank because they're forced to do so.

It's true that it's very easy for rich people to save because they own many companies and their income exceeds their expenses. Therefore, rich people can save, and their savings are always large and substantial. So, the most important thing is to think of a good business strategy to save. But for those who are already saving, they need to increase their savings to make them even larger. Saving is indeed important because it makes it easier to meet urgent needs and other needs. However, I think it would be even better if we have savings and also invest in investments like gold and Bitcoin.

Everyone who has an income will certainly do the best with their finances, but there are some of them who are not like this, only using it for things that are not really that important, such as fulfilling desires rather than needs. Saving can be said to be easy, besides, parents certainly teach their children to save, but when we are in the adult phase or married, this will be different, sometimes income is only enough to meet needs, maybe even less, lucky for those who have a large income because it covers everything.

You are right, to manage life well, besides fulfilling basic needs, many other needs arise, for this, earning money is very important, but even more important is to spend money properly, unnecessary spending is absolutely not right. They are not aware of their needs and expenses at all. Many people spend extra money to fulfill their dreams or desires. For some, it becomes extremely difficult to earn money, manage expenses, and save, while for others it is much easier because their income is much higher.

That is alright though. No matter how bad our parents are, they are still our parents, so we should not fight with them. Also, can we afford to see our family starve or go onto some heavy problems because we choose our self first? That was a selfish move.

I'd rather not save at all but just do what I can to help them out. I know that my goodness can still get compensated in the future. It can also be, once my younger brothers have finished their studies and find a decent job. And then my father can still recover, so once he got back on his job, that should allow me to breathe a little.

Actually, you talk about all of them on that single post yours.

People complain so much about saving because they have so much needs than their earnings and they can't meet up that demands in most cases, so saving some amounts can be very difficult for them, savings helps us to reach or attain a particular financial goal so hence the need to allocate some amounts of funds for specific purpose and save up.

When your income is very low, you need to cover your basic needs as well as you can, and there might not be space for saving money. Also, in stressful situations, we switch to a “here and now” mode, and long-term goals stop making sense. To start saving, you need to feel safe about tomorrow, having a good level of confidence that your efforts will not be in vain because of war, hyperinflation or something like that.

But overall, I believe saving money requires a certain mindset and habit. If you don't have them, it can indeed be very hard to do that, even with a good income.

This is true but it's individual, I have single friends that spent money on food and bills than a married man in their level of lifestyle. If we take cooking for example, it's simple to save money when you cook your food than when you buy food from outside, it's even healthier because you get to know the things you consume and the amount of calories you take but single men prefer to buy food or maybe due to them to schedule, they don't have the time, this makes them spend money alot of the time.

The advantage of been a single person is that when you spend, the money is limited to one person, you don't have to stress your self and think about other stomachs and their responsibilities. However, some single people do have parents they do take care, some send money monthly to parents and siblings, some send money to their girlfriends and sometimes to their friends. It's not really about status, it's about the person who spend the money.

Please do not try to connect the saving attitude with gender. My point is different here, Not only women having the habit of spending alot there are many examples  where mens also spend alot money. Saving do not depend on the gender but it is basically a mindset or depend on their priority.We also have women who can manage  their budget well  or doing  planning for their buget. The discussion is this how can we save Successfully and this must be beyond the gender. It just the attitude  and discipline of a person or their nature of  job  by which anyone can save.

There is a limit to how much you can cut on your expenses, the solution is always earning more. I have lived a life of doing absolutely nothing and saving, it is not a human life to live, trust me.

I had a 3 month of duration, where I just stayed at home (working at home) and ate eggs as breakfast, and just rice/pasta/potato as dinner, and that took me 3 months and I have paid all my debts back during that time. That 3 months created such a horrible psychological trauma to me that I can compare it to bankrupting a whole business. I was constantly sad, constantly tired, and I did basically nothing with my life.

It was 3 months that are wasted and gone. Even if I bankrupt, I will not do that again. So focus on trying to earn more.

Lol, I just found out that there are people who are actually willing to try it.
Minimizing expenses can essentially be done without reducing essential needs, but they require reducing or avoiding other expenses, such as discretionary ones. Some people have a lifestyle that doesn't align with their income and long-term plans, while others want to invest but are struggling financially.

While a person's monthly budget to meet their lifestyle can vary, if they want to save more, they need to lower their lifestyle. TThis is not about lifestyle restrictions, but this a solution where this budget can be minimized to generate more income in the future from investments.

I don't understand how you can go bankrupt when you are able to pay off your debts, something must have happened to you or your business?
If you're able to pay off your debt with this approach, then I believe your business will be profitable if it operates as usual. Simply reduce your spending and save while running your business. You should be making more profits and savings.

While everyone dreams of having a large salary, the reality is that it's incredibly difficult to attain. Competition is what makes it so difficult. Therefore, we must have a strong mindset and drive in life, and we shouldn't be fixated on just one source. We must move forward and continuously hone our skills, so that what we lack in our jobs can be adequately met. This not only helps us save money but also builds a framework for long-term financial stability.

If there are other people who say they still find it difficult to save money despite having a regular job, I think it's because their salary isn't enough for their daily expenses,
which leads to a deficit.

There are others whose salary is truly insufficient for their expenses no matter how much they try to save, and then there are those who have a high salary but are heavy spenders,
so the tendency is that they'll still fall short. These are the kinds of situations or circumstances of people who can't manage to save money for their future.

I don't think saving is difficult, just that some people don't prepare themselves before saving for future purpose, Saving doesn't mean you will start saving huge amount of funds every day before you will know you are saying what will increase you financially, no, save what you know that you will not touch in two years time or three years time because that is what will help you think positively to establish your own business that will add value to your life, you can save from your salary and business, but make sure nobody is forcing you to save the funds, and if truly it comes from your mind, you will not regret for doing it because is a good method both poor and rich use to grow financially and materially globally.

There's nothing wrong with a savings mindset, and it's actually good if applied, as long as we understand that it serves a greater purpose and that by building it, we have the opportunity to start investing or start a business using that money. However, we need to think about how this can be more productive, not relying solely on savings. Saving money will not provide financial freedom at all, as fiat money will continue to depreciate in value.

Before learning to invest, I also saved, and I did so consistently within my financial means. However, after learning to invest, I became more focused on implementing it. There's a reason why it needs to be prioritized, as saving is only a secondary priority in smaller amounts, perhaps I prioritize investing over saving as usual for reasons of financial freedom.

Why only high-paying jobs? If not, are you a failure? Keep improving your skills, explore new opportunities, create multiple sources of income, don't just chase after jobs, I think you can never achieve success by just doing jobs, create multiple sources of income, do business, not just jobs, you have to use your knowledge and experience in such a way that it can create a foundation for independent income in the future, you can't stay in a job your whole life, at some point you have to retire from your job, so you have to think about the future and focus on creating a more financial foundation.

I find it very hard to combine having own business and still working somewhere, otherwise you will have to torn apart and give 100% productivity in to places simultaneously. I dont find it possible. Dont forget that its hard to start business, that will bring profit from the start. Consider your possible savings will cover business losses for first 6-12 months.

Saving itself isnt difficult, but its hard to do planning. You can make plans for next half a year, but you dont know what will be released on the market and if you would want to get it, nor cant predict your life and be insured from unexpected expenses. I can save little from salary, but every month I have unplanned expenses.

Agree to that, not just to lean with one source of income but much better to resort to more potential sources of incomes, not limiting ourselves and keep trying to invest with knowledges that we can acquire, those are things that we can do to improve our opportunities, as we grow older and our needs also become larger/bigger from what we earned, the savings is not that much unlike if you have additional sources of income you can save more.

Though not limited to savings but also if possible own a business that's also gives opportunities to save a lot and make your future more stable when the time you already in your retiring stage or much earlier if possible.

To save successively, all you need is the right planning. It doesn't matter how much you're earning because whether you earn in millions or thousands it still doesn't affect your savings ways.

Saving is difficult when you aren't the saving types. Saving won't be a problem if you already have the habit of saving and developing that habit has to start from your early days of earning because it becomes more difficult to save when you begin to have more responsibility and the more you get older, the more responsibility you get.

While you're young, you don't have a family to look after or those depending on you but as you get older those responsibility becomes a reality. Start saving small and you'll develop the habit of saving.

Saving isn’t as easy as it seems.
I totally agree with the boss @brainboss that the more we grow, the more our responsibility also grows.
In as much as I don’t want it seem like I’m writing against savings, I also think, not everyone who doesn’t save should be blamed.
There are countries where people live without a single earning and not just because they are totally lazy but at some point, because they haven’t gotten the right information and when the informations finally comes, they start getting their lives together and still get faced with several problems, including health issues where they have to spend the unimaginable maybe 55% of their  earnings. Or maybe,
There are people that, they barely eat once a day yet are really hard working, should we also blame such people for not saving ?

I’ve come to realize that, life has no manual and regardless, we should survive and at every cost try to save for raining days and if we couldn’t, no pressures in as much as you did your best, just relax and enjoy the rain.

Very good point you raise is as it is important to earn money it is equally important to spend wisely. No doubt its key to maintain balance in  life, i think  if anyone of us consiously spending money keeping in mind to save some amount definitely lead us towards collecting assests. We should spend  our money on needs as compare to our wants or desires. By balancing in these two it can prevent us from taking loan over loan. Having fixed saving amount may not always but whatever you can save do save. In the long run we can turn our saving into investment.

I agree with you, saving is a matter of habit and mindset, many people mistakenly think that saving is possible only if you have a lot of income, but the reality is that no matter how much income you have, without a plan, that money never accumulates, but when you have financial management and you calculate everything and manage your expenses from your income, then you will be able to save some money even if your income is very low. And I completely agree with you that the best time to develop this habit is when you are young, when there is less responsibility.
I think that if a young person can develop this habit in himself between the ages of 19 to 22, then he will definitely be able to continue it for a long time, and if he starts saving it regularly even in small amounts, it creates huge security in the future which will bring him mental peace in terms of finances. In fact, I think that everyone should start saving from a young age, no matter how small or large, to protect their future according to their ability, it will do them a lot of positive things in their future.

I agree. Even if the basic requirement for one to be able to save money is having an income way above their monthly expenses, it's important for them to have some discipline and a habit to be keen towards spending as low as possible, because if you are in a habit of spending whatever you make, you are not going to be able to save anything even if you are earning more than enough, because then you will think of different ways of spending the extra money, some will shop with it, some will buy things they want, and you can't save money with that sort of a mindset.

Someone who wants to save money will need to let go of the "wants" in their life. You can't save money if you are constantly fulfilling your wishes with your income, that's not going to work. If you want to save, and think about your future, you will have to sacrifice your wishes and wants, and only take care of the needs, and then you will be able to save some money.

Perhaps people now addays look at the on going reality which they find it difficult to save while, because of hardship economy era we are right away, but honestly truth be told one has to come up with mindsets of savings ideally matter what due to the features purpose and for a family reason that arise at any moment of the time.

That's why everyone must master financial management so that they can set aside any amount of their salary for savings. Without sound financial management, no matter how much you earn, you'll continue to fail to save, especially if you can't differentiate between needs and wants.

It's undeniable that with persistent inflation and rising prices, managing finances is quite difficult, as expenses increase while salaries remain stagnant. However, by saving, you can allocate money to savings. However, saving alone isn't enough you need to invest. One way to use your savings is to invest in assets that can combat inflation. Essentially, to achieve financial success, broadening your knowledge of financial literacy is crucial.

That's right a single man will have every opportunity to save money than a married man on a normal day but sometimes it still varies between individuals depending on the kind of lifestyle they live.
Having a wife comes with more responsibilities alone that prevents a man from living how he wants when he doesn't earn as much and so saving will definitely be difficult for him but a bachelor has no responsibility and can easily save up if he wishes to.

Cooking your own food is cheaper and also healthier as you said but then Men are not naturally built for cooking so it will be a bit difficult and stressful for Men to cook always and that's why most Bachelor's prefers to buy their food, you're saved from all the stress.

You are right, but people cannot become rich by saving. Those who have high income are also not very lucky. Because if they cannot manage their money properly, their entire money will be gone. So to become rich, we should not save money but invest it properly.

In my opinion, people become rich or poor because of their thoughts. The amount of money cannot be an obstacle in the way of becoming rich. Because if we can manage our money properly based on the amount of income, and spend money only to fulfill our urgent needs, and can earn a prudent income, then after a while we will be rich.

But we do the exact opposite. As soon as we get the flow of money, we spend extra money to fulfill our needs as well as our hobbies, and
stay away from investment. As a result, our income decreases due to inflation. At some point, all the money ends up being spent on meeting daily needs. This is how most people cannot become rich.

That is why we have to focus on proper money management and investment from the time we reach adulthood. Because inflation affects saved money, but inflation does not affect investments. Over time, invested money tends to give a good return.
So, we should invest our money instead of saving it.

Yes, I know that when income is low, nobody will prefer saving over survival. In poverty when someone has low income, its hard to think about saving because they are just trying to survive and cover basic needs. In tough times, people just try to pass out the hard time and they can't think for their future. its true that saving is not only concerned to how much we earn its connected with our mindset and habibts. We can do saving by collecting little amounts every day so at the end they have at least something to build discipline and feel more in control. For saving alongwith income govt. Support is also necessary as if govt. gives subsidy to its public they can save some money for the future. When they will have something for future they will thinkg about their children's upcoming life. So security of tomorrow's food will help poor people to feel confident.

This is the concept of rural life, where most people cook for themselves for the family, and the effect is much better because the level of effectiveness is much more noticeable. The opposite is true for health, because we can adjust our meals to suit our needs, which can lead to better health. That's why most married men continue to gain weight because we are forced by circumstances to eat at home regularly with our wives and children.

This is difficult for boys who live apart from their parents because they generally don't like cooking and ultimately resort to buying ready-made food due to time constraints and other factors. Furthermore, if a boy lacks the talent to cook, it's unlikely he will force himself to cook just for health reasons or to save money.

In my situation, monthly I spend more than my monthly salary, and extra work helps me to cover extra expenses and save a little. Planning is possible, but its really hard when you are head of a family. Example of unexpected expenses I have faced recently. Before school started, nobody was aware that school will provide free swimming lessons. A lot children in class signed to attend it, so its we are bit forced to attend them also. Unexpected expenses are transportation, some parents (will take it in shifts) will have to accompany children to pool and back to school, that means someone will have to take half day off. We attend dancing lessons. Teacher told that this year children will start to attend competitions. That are extra dress, shoes, transportation cost. For example I can not plan how much and when car repairs will be this year.

When youth, hard to save because you dont earn much and want to try everything. When you are already in age, hard to plan expenses and responsibility for other family members makes you not to economize on them, which means saving is also quite complicated.

Who says cooking is not a man's thing, I don't think cooking should be gender based even though society have made it that in a family the man provides and he woman take care of the family including cooking but that doesn't mean a man can't cook when he's free from work maybe assist the wife during the weekends to cook. As a bachelor you have lesser responsibility and more time to cook for yourself, if you start developing that mindset that cooking is not a man's thing you'll spend more money eating out than you've saved if you food your own meals, everyone should know how to cook including male and females.

I understood your points and it only shows that anyone struggling to cover up basic family needs it will become very hard to save, some times we don't generalized issues like this some one that has more or enough to take care of their family basic expenses and still have a left over cash to save can think that others who can not save are lazy, to be frank different individuals can have different basic expenses, it is good to cultivate a good saving habit but we have to put our basic needs first and when there is a remaining amount then we can save, though some persons lack this culture of saving even when they have enough leverages to do it they end up spending extravagantly on things that are not really necessary.

I think rural life kind of forces people to be self sufficient especially in the aspect of food when you are the one responsible for cooking your own meals making it easier for you to monitor and control whatever you consume into your own body. In the village you have more access to eating less processed foods, less oily foods and even more natural ingredients but when you are in the urban areas it is the opposite of the experience and that's why those who live in the rural areas are far more healthier than those in the peri urban and urban areas. The same thing applies the those who are married as against those who are single when you're not married you tend to eat more of outside and processed foods but when you're married, you eat more nourished and nutrient rich foods.


I have experienced both the life at home and outside and I can relate what the experience looks like for me. Whenever I am at home the feeling is different from whenever I am outside. Whenever I am at home I eat like a king but when I'm outside or living alone I barely have the time to even cook a good food for myself because I have to choose between cooking, work or the stress that mostly come with the work of the day so I end up patronizing outside ready made foods and snack for my meals.

Well, if you think saving is not hard to do it probably means you earn a lot that overpower your expenses or you probably have no responsibility to look after. Perhaps, you're still under someone that cater for you and your needs. The reason why people find it difficult to save is either one from these two or both at the same time. If you earn enough money and you have less responsibility, you should find it easy to save some of part of your earnings. Likewise, if you have someone that look after your needs while you're earning too, saving won't be hard for you. Although, it's about mindset too but circumstances contribute highly because even with your mindset to save, if what you earn can not cater for you and your needs, saving would almost impossible. You don't sleep with hunger when you have food to eat, it's a local proverb.

It's the same for me. When I was in college, I also lived alone, so we probably experienced a lot of things. This also shows that living frugally when alone is difficult because sometimes we don't feel like cooking and prefer buying fast food. The problem arises because we end up spending more money because almost everything is bought, and in this situation, we have almost no opportunity to invest. I remember clearly how living alone demands everything to be instant because there's no incentive to save and we prefer to enjoy the simple things.

Like the topic we're discussing, we emphasize saving to have hope for investing and so on. This shows how difficult it is for people to implement such a program if they don't have consistent goals to achieve. Usually, we get used to living frugally after getting married, at least that's how I feel now.