Cultivate an habit of saving

[Israelgogo]

As human it is wise to have a savings ,it gives you room to evaluate yourself to know how much have done ,it makes you know if you are doing well or not ,it makes you know if you are inline with your personal set goals ,Savings help to give you a better future ,it helps in cases of emergencies and unplanned arising matters that needs money to solve ,It gives you an avenue to know how much you are worth and what you can afford in instances of properties, cars ,business investment etc's .,it help you to adequately plan your future and have a sense of belonging knowing fully well that there a savings to kick start the project .

Try not to spend money on irrelevant things,spend wisely ,cut your expenses to what is needed and have a scale of preference for such ,considering your needs and wants .

[1715259770]

1715259770

[Norrland]

For me it is extremely difficult, especially when there is money it is very difficult to save money because there is simply no need

[BRINIRHA]

I always try to save. even if it's a little of my income. because I want to live independently in the future. and not bother my parents.

[bmwister]

There is such an 80/20 rule, if possible, you can stick to it.

[RockBell]

As human it is wise to have a savings ,it gives you room to evaluate yourself to know how much have done ,it makes you know if you are doing well or not ,it makes you know if you are inline with your personal set goals ,Savings help to give you a better future ,it helps in cases of emergencies and unplanned arising matters that needs money to solve ,It gives you an avenue to know how much you are worth and what you can afford in instances of properties, cars ,business investment etc's .,it help you to adequately plan your future and have a sense of belonging knowing fully well that there a savings to kick start the project .

Try not to spend money on irrelevant things,spend wisely ,cut your expenses to what is needed and have a scale of preference for such ,considering your needs and wants .

Saving money is one of the key things that shows maturity in person ,but saving alone is not the key to success but to save and invest.

[Widdop37]

I get to where I am today because of my saving habit, still it's wiser not to depend entirely on savings if you want to become successful in life, remember, a penny saved is still a penny, try to invest with what you are willing to lose, who knows? It could bring a future changing money.

[mich]

I agree that saving money is important but it's hard to make a general rule out of it. First, many of us are in different parts of our financial journey and that’s perfectly ok.
If you are at a stage where your earnings allow you to save, I would definitely recommend putting some of your excess funds into savings and/or investments because life is very unpredictable and can turn on a dime.
On the other hand, if your earnings are so low that saving means you aren't getting your basic needs met, I would not recommend sacrificing your physical or emotional health just to save for your future.   

[Exeptions]

There is an expression: If you want to get rich, learn how to save money.

[Clochaard]

Investing is great. But one should also save money too. Having an emergency fund is also important.

[Tallupooh]

yes, we have to set aside some of our money to save, even if only a little. it could be that savings can be our helper in the future.

saving is something useful.

[DeathAngel]

Fiat savings are close to useless currently, you will not be able to match inflation with fiat savings interest rates. My advice would be to buy bitcoin regularly, I close to guarantee you that you will out-perform any fiat bro who saves in their normal bank account.

Let’s say Person A saves $500 a month in their bank savings account. Person B buys $500 in bitcoin a month, we come back to them in 10 years. Person B will have made so much more profit.

[Sayakaaja]

true, always make it a culture to save even if it's only a penny.

[BADecker]

Cultivate an habit of saving


'Cultivate'... like dig a deep hole in the back yard, and stick some gold in it.