Saving is Wasting?

[karmamiu]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

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[Supreemo]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

,i can feel you there. I was also once a student and had to experience the same thing. Unlike today that there are so many jobs that can be found online, before you literally need to do physical hustles or sometimes work during weekends to to have and extra income. I have some acquaintances too that are working part time, but what's hard that time is that, those extra odd jobs we were doing are not even paying decently around 3-4 dollars per day and it feels like your effort was not paid accordingly. There are even friends of mine who are forced to work evening shifts because there's nobody to provide him food or allowance to sustain his education, luckily he's a scholar so his education is already covered but his food and shelter? nah it's not for free. You should still be grateful since you still have a roof over your head and a food on your table, just continue to search for more opportunities in your area.

[lovesmayfamilis]

You as a student always need to remember one thing: all your spending on education is an investment in your future. You should never postpone or cut back on your education. As far as extra income is concerned, this is what most students do. If you are talking about investing extra funds in Bitcoin, you should not refuse it. But first, you must understand the old and well-learned rule that you invest only what you don't mind losing.
In your case, it is probably worth waiting for better times.

[Jawhead999]

Saving is wasting because every year fiat always inflated, so if you save $50 every month, which will be $600 in the end of year, but actually your $600 doesn't have same buy power like when you start to save, maybe it's already become $550, so you're always lose your money.

You can invest to stock, gold or Bitcoin, depends with your choice. You don't need to worry if you're need money in hurry, because you can sold it for instant, so you can use the money you invested for emergency needed.

[irhact]

I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies.

Hope you know if you don't save, then you won't have enough capital to start a reasonable investment that can help your financial situation. When people say saving is wasting without specifying the reason behind a wasteful saving, it sends the wrong message outside. You're a student and surely won't always have enough money to take care of all your school needs and at the same time have money available for investing but that's where savings comes in.

You can start saving for investment purposes and such saving won't be wasteful, don't let anybody deceive you that saving entirely is wasting instead saving for spending is what is wasteful while saving for future investment isn't. For example if you didn't have an savings available for purchase on bear market then you won't be among those profiting in the bull market.

[Outhue]

Do all you can to face your studies brother, nothing matters more than your studies, do not let anyone tell you otherwise, I believe this will open doors to a blessed future, do not use your money to take unnecessary risks unless you have other side hustle that pays, a distracted soldier is a dead soldier.

[Ucy]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving and Investment are for the qualified... The main reasons I don't encourage people to save is due to the issue of money(or whatever you are saving) not put into good use. The money should be used for solving problems and not lying around doing nothing while there are problems to solve.
In regards to investment, it's important to know the right people or things to invest in. Things or people you invest in should be profitable for society which includes you

[xSkylarx]

The point of the people who told you is that if you save, like in your piggy bank or under your bed, your money will not increase, meaning you are not gaining anything from it, and it will also lessen its value over the year. I mean, it is still the same money, but if you use it to purchase items, those items are more expensive than previous years. They just point out that you need to invest it like you can gain something, e.g., by putting it in a bank for a time deposit (which most people won't recommend) or by buying bitcoin and holding it over time. That is an investor's mindset on how he will earn more money while at the same time saving his money for future purposes.

[ajiz138]

I think education is important so it's very natural that a lot of money has to be spent because you know that after graduation you will be provided with a lot of knowledge, especially investing in various things to choose from, so I think it's more important now to finish education with sober money rather than investing big not necessarily you learn especially in bitcoin.

Maybe after you are not burdened with education, you can start to put your hopes in investing, especially in bitcoin, but you have to distinguish between expenses and investments, but if you are still united in the same cash flow, it will be more difficult to manage it, except for some side jobs then it can be used as an additional investment and education money will not be disturbed.

[traderethereum]

You can save it for two different purposes.
The point is that you are currently saving with the first goal as an investment in the future and the second is for your future expenses or emergencies.
You have the opportunity to profit in the future, assuming you do not use very large amounts of money for emergency expenses.
But you should prepare two things, namely investment and emergency expenses, but place them in different posts so they don't interfere with each other.
Maybe you need to count all your money, place your money in the appropriate accounts, and calculate how much is left so you can see how much you have left so that you can use it for investment and emergency expenses.

[bangjoe]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I am also still a student like you and most of us probably experience the same thing in this case. If you still have money that can be saved, it's better if you save it for an emergency fund, because indeed anything needed during school time can occur and force it suddenly and it's not in your spending plan's monitoring. Regarding the many activities that you do and spend most of your money in my opinion it is a form of investment that you do for yourself so that in the future you have the ability and understanding of what is your current experience, it will really help you in the future future if you have a lot of experiences that shape who you are today.

[karmamiu]

You as a student always need to remember one thing: all your spending on education is an investment in your future. You should never postpone or cut back on your education. As far as extra income is concerned, this is what most students do. If you are talking about investing extra funds in Bitcoin, you should not refuse it. But first, you must understand the old and well-learned rule that you invest only what you don't mind losing.
In your case, it is probably worth waiting for better times.

Though I understand their point on saying saving is wasting if it's not used in a proper way, as of now as a person that is currently learning the other side of things I think I should study more about investments and stuffs. Even though I am already well aware of crypto as a prospect for investment I know I don't need to cut back for my education since it is also a form of investment.

[Coyster]

Saving only sounds like a waste to a couple of people because there are no chances of your money appreciating, and it could as well depreciate depending on how strong or weak the currency you are saving is.

Well, imo i'd say you should work according to your risk appetite, because there is practically risk in everything. Saving might carry a lower risk anyway, because you could basically just leave your money in tbe bank and earn tiny interest on it every year; the only risk with that method is the effects of inflation. Whilst investments are quite risky, though some are more risky that the other; if you are to buy Bitcoin as an investment for example, you'd have to learn what the risk concerns are, and how to imbibe the responsibility of being your own bank so you don't lose your coins to scammers or sheer negligence, but if you can do things right you stand the chance of earning a very good ROI in the long term.

It is your future, and only you can decide, you just have to look at the pros and cons of it all. Better still you can split your money and invest some, whilst you save some.

[inthelongrun]

My hat's off to you for having that mindset while you're still young. People with mindsets like yours are the ones to become rich in the near future.

Focus on your studies first. If you have free time, balance it between sideline jobs and enjoying yourself. Do not get stressed a lot unless your parents are also struggling to provide for your basic education wherein you really need to focus your extra time on getting sideline jobs. If you have savings, you can divide it been investing in bitcoin and keeping the other half on fiat because the crypto market is not that easy to predict too. Investing is not a guarantee to earn income nor can keep your funds from losing. So always keep the balance as if you are also diversifying.   

[pooya87]

Aimlessness is wasting whether it is aimless saving or anything else. In other words saving itself is a good thing as long as you have a good plan. For example you can't and shouldn't save up to buy a house because it is too expensive and it takes too long and during that time inflation would render your money less-valuable. But if you are saving to invest in something smaller like bitcoin or a gold coin then that makes sense. Your investment should also be wise and well planned.
Then you can slowly grow your investment (from 0.001BTC to 0.1BTC then 1 ...) and then use that investment for a bigger investment like the house you wanted to buy at the start.

[livingfree]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I don't know what to say if I'm lucky that I've got side hustles and worked part time while studying several years ago since you've mentioned that opportunities there is limited.

But to say that saving is wasting, I beg to differ because that's where the discipline will start for you. It's nice to have savings as you study because you've got something to get whenever you need cash as that's most likely to happen being a student.

[salad daging]

It is much better to invest than to save in the bank, because what we know is that the value will not increase unless the bank gives a yearly gratuity. On the other hand, the risk is inflation, which causes the currency to weaken, this often happens in every country.

It's true what you said to save in the bank is for expenses and emergency funds only, the rest must be invested in other assets that you think you understand or do by diversifying in several assets and especially bitcoin which will likely rise in the future.

I completely don't put money in the bank except for other needs including expenses and children's education costs, so for investment it is always separated and will not be linked to the bank, now I am only focusing on investing in bitcoin as one of them

[gantez]

Remember it that putting your money in the education is your own investment for your own future so don't waste your money for saving it because of inflation and when you receive it back from bank no much value of things that you can purchase with it. Don't stop your education because of difficult. Keep struggling to succeed because in the future you can use your certificate to search for job and education give you above some people who have no knowledge in your field and that is your advantage.

[LogitechMouse]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Priorities. Build a plan base on your priorities.

You said that you're a student then prioritize your studies. Prioritize going to school. Prioritize your needs for your school. Prioritize your school requirements. Don't stress yourself out because of money or saving in this case because for me, getting a degree and getting a job after studying is a better thing to do than stressing yourself out because of money. If you can get a good job, money will come to you then that's the time that you will think about it.

When I was a student, I didn't think about investing, but I focused on my studies. Studied hard and fortunately, graduated from college. After that, that's the time where I thought about money. I saved money at the start because that's what the older people taught to us, but as I studied investing, I realize that I'm wrong. Not wrong literally, but I was wrong that I saved all of my money in a bank account. Cut the story short, I still save money until now, but that's money is my emergency funds only. There's nothing wrong with saving as long as you are doing it for emergency funds.

Focus on your priorities first. You're a student so focus on studies first. After graduating, get a job then put a portion of your salary in investment and put a portion of it in emergency funds. Save money for emergency funds only, and don't save for the sake of saving (well at least that's how I think).

[mindrust]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Depends on saving your money in which assets. If you are saving assets like stocks, real estate, land, commodities etc then you have nothing to worry about. Especially real estate and stocks are capable of producing passive income they are pretty much the best choices when it comes to making investments. Crypto and other commodities are good choices too. You can make outrageous returns with crypto especially. What are you going to do with your money if you are not going to invest them anyway? Spend all? That's not wise unless you are retired.

[AbuBhakar]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

In your case it’s not because you will need money any moment due to your school needs. Putting it on investment will just ruin your money profitability because you can’t get enough profit in short term on an investment unless you will enter a high volatility investment. Money shouldn’t be put always on investment, it highly depends your situation and needs about the about the money. Savings is very good if you need a sure money for an upcoming expenses while you are still not earning passively through your work.

[BRINIRHA]

Maybe now you feel you are spending a lot of money on education. but believe me one day the results of the education will bring more money to you. One of the best investments is in education. so I hope you just have to focus more on the education you are currently living. but if your economy is doing well and you have a lot of money left over then investing in something else is worth a try. because after all we need to invest in all aspects both in science and other things. but if your economy is quite limited then focusing more on your current education is better.

[avikz]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

As a student, saving is tough. I have gone through this phase myself where I often had to borrow money from my mom without letting my dad know. So I understand what you are going through.

But as soon as you move to the next phase of your life, start saving from your first salary itself. Don't let the luxurious things get into your way. Start buying equity, cryptos, gold as early as possible. Do it for 10 years and you won't believe how much money you will have. You can actually see the effect of compounding in real life.

[Davian144]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

There is no such thing as saving is a waste. Basically it all depends on how you use the money, because if you feel able to manage this money as initial capital to open a business or invest in assets that are clear for profit. I don't think it would be wrong for you to do it now, but if you still have doubts inside you to start. It's better for you to just save the money for your basic needs in life, because you yourself have also said that in your place it is very difficult to find a side job that can help you to increase your income.

Actually being a student is not difficult as long as you can manage your time very well for the things you need. For example, like sharing a little of your time for this forum when you are not attending college and you can also use a little of your time to create a small business that doesn't interfere with your study time. The rest you only have to have certain skills that can provide you with income because it can also be a side job for you there.

[ethereumhunter]

You should already have money prepared for future emergencies, so you must determine how much to invest for your future. Now that you have joined bitcoin, you have the right investment so the adage "SAVING IS A WASTE" no longer works.

Having a bitcoin investment means you care about your future. Moreover, I assume you have seen the history of bitcoin's journey from the beginning, which can be seen on the exchange, CoinMarketcap or CoinGecko. This can give you an idea of how the potential price of bitcoin will be in the future and if you start investing from now on, it can help you prepare for your future.

[Wong Gendheng]

The temptation for ownership today is very easy to get, I often open YouTube on smartphones and most advertisements are offers for online loans and with very easy requirements, only licensing identities or driver Loans on more than 15 online plans and the result is that everything cannot be paid off because of the very high interest.

[Davidvictorson]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Being from a low-middle-income country, I can relate to the present situation. Many years ago, as an undergraduate student, I battled with saving and spending. In fact, the moment I tell myself I'm going to save this amount of money, a need arises that forces me to use the so-called money I've decided to save. I had no choice but to rely on the pocket money sent to me by my parents. So, dear OP, ensure that the economic situation of your country does not affect your education. Don't worry, this period of being stuck between saving and spending is not going to last so long; it will soon be over.

[Spaceman1000$]

Well I wouldn't entirely agree with you that saving is wasting, saving makes you not to spend money on frivolous things and things ordinarily you don't need and it helps to save you for the rainy days.

Even the wisest economist will advise you to put money aside. Due to your low income as a student, the money in your pocket is intended for educational expenses. But if, after your daily expenses, you still have some money left over, I think you should save; you'll be glad you did.

[Hydrogen]

I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

There are businesses and services which offer special discounts to students. A decent 1st step could be to google search: "-your location- student discounts" to see what type of special offers might be available to students in your area. That could help to cut costs and offer some incentives. Searching for student discounts could be considered playing to ones strengths. Everyone has strengths and advantages which can be gained through catering to conditions of their local area, their country, etc.

One example of this I've heard of is fast food restaurants like mcdonalds offering discounts and free food to students who show student ID.

If you're interested in investment there are internet games that are free to play which can serve as a good testing ground to gain experience. They can also be good to gain a better comprehension of whether stock trading or other forms of investment are things you would personally be interested in doing on a regular basis.

Most forms of investment have a learning curve to them. Where some degree of experience is necessary to have better chances of consistently being profitable.

[Ludmilla_rose1995]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

saving is not wasting, sometimes you don't know when you need the money, so keeping cash is important. but investing is indeed much better than just saving, especially if you can generate passive income from your investment, then you don't have to worry about your savings funds, which are just sitting around. do research on any investments that have the potential to give you passive income.

[reagansimms]

You have to work hard to achieve success.
The knowledge you gain while being a student will be your future investment, it takes patience and struggle to be successful in the future. It needs to be underlined, the real investment is the knowledge that you get while being a student. During the learning process, your character will be formed for the better and this will have an impact on improving your quality of life.

To get rich cannot be achieved instantly, it takes process and time to reach the desired stage. It's easier for a doctor to earn money because he has gone through a tedious process while being a medical student.
You must form a stronger character for a better future, don't give up before fighting, maybe you are the winner.

[Zilon]

It can be frustrating when you struggle to acquire education because they cost of getting good education is expensive. Instead of saving to still spend what is saved in future expenses and along the line it will result in having nothing left to fall back to, It is better to invest in something that can afford you a daily or weekly pay. I won't suggest Bitcoin because it is a long term investment plan and as a student money will be needed occasionally to settle for school related matters. Trading or digital skills can help with keeping up with the bills that accompanies acquiring education, except you have enough fund that can be risked in Bitcoin investment then it will be a nice shot.

[Japinat]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

You're not alone with that feeling, even the people who are working around the clock, day and night, are still having troubles and certainly, a problem like yours as they have a lot of priorities like, food, bills, necessities before they could start saving.

Now as a student, you should know your priorities too and if you're lucky enough to have some spare funds, I advice you to divide that into two. One is for investment and the other half is an emergency funds. Why though? Because investments doesn't give you an overnight profits and that means it would take some time before you can reap the seeds you sow and that is why you need the other half for your future needs, so that you won't be digging your investments whenever you need some funds.

[Aanuoluwatofunmi]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

It depends on the source to your income and what you earn for a living, if you can beat down your living expenses a little bit more maybe you could still realizes more to save up and when accumulated you can invest with it, now the choice here also depends on what kind of investment you're trying to do, but you must make sure that it's a profitable one that could have less of risk and yield some profits with time, you can cut your expenses more low, to make some savings, invest on bitcoin using dollar cost averaging technique to buy little by little, but dont force yourself if your income couldn't permit or allow for that and don't lend to invest.

[White pawn]

Saving is not wasting. I do not see savings as a waste. Supposing you save your fiat currency for a year or two, and with inflation and the likes, the tendency for the purchasing power of the totality of your savings to drop in value most likely by a small percentage is high. That doesn’t mean savings is wasting.

Having some savings is very important in the society we live in. You need to have some savings to rely on during the hard times and I can assure you, during your years as a student, there would be surely be some troubling times. Investments are cool and all, it’s always great and a safe feeling to have some savings stashed away someplace.

[palle11]

Trading or digital skills can help with keeping up with the bills that accompanies acquiring education, except you have enough fund that can be risked in Bitcoin investment then it will be a nice shot.

I think Op should have the option of trading as the last solution and it is on rare situation for you to trade as a student because of the risk that it involves. You can lose all the savings you have in trading or if you try to take a quick risk to trade in option of using your money for school fees at the future time but you can end up not having the return you expect from the trading. So except you have already started well in trading before turning to a trader. Therefore channel your profit or investment idea out from trading, except you want to do hodling but that is a longtime which may not be good for a student.

[kryptqnick]

Saving in fiat often means wasting a significant amount due to inflation. I still think it's best to have money for at least a couple of months worth of expenses if you need or really want to go on a trip, lose a job or something like that. So saving up some money makes sense to me, just as a little back-up which is often needed in the contemporary world. As for more, I believe investing is alright if you want to try it and are okay to take the risk, as you must be ready to lose it. I understand that it's hard to work as a student, but that you also need some money anyway. If you want to save up for some meaningful change, such as starting to live alone or becoming more independent, I think it's worth it.

[Sayeds56]

"SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is not wasting, it is a wise financial decision for your future, as you can use saved money in emergency or for future expenses. Saving a small amount regularly can grow bigger over-time with compound interest. In the context of consistent depreciation of Fiat currency , the statement "saving is wasting" can hold some truth because inflation decreased the purchasing power of fiat currencies. In such scenario, look for alternative options of investment such as real estate, stocks or crypto currencies that can help to protect the purchasing power of your savings. However, before making investment decision, it is important to make research to understand the potential risks and rewards involved.

[slapper]

With limited resources, it may be challenging to find the right balance between saving and investing. You should, however, give some thought to your long-term financial objectives and how they could be served by investing. A common tactic is to invest a certain percentage of monthly income. You may also consider doing some kind of supplementary work on the side to supplement your income and put more money toward your savings. Further, there are a plethora of services, such investment calculators and budgeting applications, that may assist you in making the most of your money. Investing is a long-term game, and maintaining your enthusiasm may be challenging at times. However, if you equip yourself with knowledge and take a long-term view of your financial situation, you may maximize your resources and secure your financial future.

[Fesatmas]

In fact, there is nothing wrong with what we do, but the question is which benefit or loss is greater. In my opinion, saving has more benefits than spending money in vain. What's more, now saving has various ways to do it, such as investing. Broadly speaking, saving is setting aside money and investing is the same, it's just that the difference is the type. I think now it's better to invest, especially it is bitcoin.

[summonerrk]

I like your serious approach, and of course I advise you to leave the extra money for hard times. Don't invest yet. I advise you to look for earning in the world of cryptocurrencies, if there are no good part-time jobs in real life.
- Chat on the forum, you will be able to earn income here
- Search for a airdrops
- Post at Steemit or Ecency, you can earn money there
- Later you can use PoS
After some time you can try to trade (but carefully)

[Fuso.hp]

I think at this time you should definitely spend time behind studies. I would never tell you to spend your education on the crypto platform. First you finish your education with this cost then better get a higher degree and get into a good job field because you can get into a good job field as well as you can invest in other sites including Bitcoin. Because bitcoin investing doesn't require a degree but a good degree is definitely needed to make life better. So definitely get a good degree and then you can invest in these sites if you want.

[BIT-BENDER]

I would beg to differ mate, because I have countless time saving has come to my rescue when I needed it the most and if I had no saving I would have lost a lot.

Yes I am an investor and I believe in create room or avenue for cash flow since it’s very necessary, but saving some of your earns (you can make according to your earnings) is like keeping something that would aid you in future, life is unpredictable and saving can help protect you against uncertainties.

[Bholutefe]

I can’t call Savings a wastage because when we save up one or two pennies from our income, it prepares us ahead from unforeseen financial obstacles. Every human being always have some certain money that are set aside from the major income which is also called Savings in order to cater for sudden bills or urgent needs/expenses. When we save part of our money, we don’t know the value until the needy day comes whereby you get to remember that you have a particular savings somewhere outside your pocket, then the savings sorts that needs at that particular point in time if not completely but partially. As a student, I understand that you might have several needs in front of you that even little savings can’t sort, you just have to plan every penny that you receive in order not to lack too many financial resources by maximising every good financial/part time job opportunities that comes your way. It is such a good thing to always save up and not to spend every money that we come across anyhow without having a proper planning for it. By the time you have had enough savings as the times goes on, then you can start investing on BTC or any other desired coin you want to invest on.

[Smartvirus]

Saving is wasting!

Well that could be right or not. Anyway, saved money makes no profit but, invested money does. That's the part where investing your money becomes of real advantage than having them stored away somewhere. The issue here is, knowing where to invest. Having to invest your money in some package or enterprise always comes with a risk factor that could mean, losing you money. Hence, to benefit from. Investing, you must first of all know where to invest.

When it comes to savings, all these aren't the issue but some real issue still stands out, devaluation of money. At the moment that I flatiron is heading our world, this ain't any news no more and people are feeling the impact.

This is where bitcoin becomes of real advantage as in one instance, you could be doing both.

[Lida93]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

As a student their usually come some emergency expenses especially regarding to some project work requirements and so on. So in my opinion I'll ask you for now focus your energy and. financial strength on your education and get the best out of it after which you can always come back to invest in anything you sure have interest in.  One thing about life is that it's one step at a time,.

[Chrlie95]

I totally understand how you feel. It can be overwhelming trying to manage your finances as a student. But, I completely disagree with the saying "saving is wasting" if you manage to save your money smart. In that case, it's the complete opposite. Having an emergency fund and paying off debt should be your first priority, so you have peace of mind in case of unexpected expenses. Then you should pay any debt you own starting from the lowest one. After that, you can start investing in low risk ETFs like the S&P 500. Diversifying your portfolio is also important so you can balance the risk and reward. Don't worry about the limited side hustles, there are always online opportunities to earn extra money and make your investments grow. Remember, the key is to make your money work for you.

[South Park]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If your money situation is so difficult then it is better for you to keep your money in hand in the case you need it, this is because if you were to invest that money and then you suffered some problem or emergency you will be forced to sell and lose money in fees, taxes and other expenses, while you wait for that money to get to your account and in the case of an emergency time is of essence, however if you can save enough money over the next months then you can begin to think about the possibility of becoming an investor in this market.

[Issa56]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

As a student, I don't think you can be satisfied with the amount you are having, their are lot's of things to take care of and all requires money, so trying to invest in bitcoin won't really be easy for you. If you are having other business that you are doing, then you can invest, but if you are depending on maybe your parents then it won't really make sense if you are trying to invest, just try and focus on your education for now, after graduating from school, you can get a job then you can start investing, I think that will be kind of better.

[Hamphser]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Its not saving is wasting but rather it is really just that you cant really make out some savings because of the expenses that you do have.You do make out some words which it isnt really that just right.
Better to make yourself on not on giving up when you do intend to save because we do know on what are the benefits on having your own savings which would really be neither be put up for investment or would really be that good for emergencies.

So better thrive for yourself on finding some side hustles and its not really just available locally but also you could find it online if ever you cant be able to find around on your place.
Dont stop on chasing up opportunities for you to improve yourself and we do really make out actions farther ahead which is good even if we are just still a student.

[dzonikg28]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Under normal circumstances it is easier to have a higher risk exposure at a younger age than at an older age. That usually comes with the fact that with age your range of responsibilities increases, but you also have a longer time-frame in front of you in order to make up for failures.

Now one thing is for sure and that is that you should have always covered your basic needs like education and health insurance, no need to mention food and shelter of course.

One advice to consider in my opinion is to keep at least sufficient portion of your money in a highly liquid, less volatile asset class. You don't want a situation where you invest in something you can't immediately liquidate or which is highly volatile and just had a crash and you need the money today or tomorrow and have to sell at a loss.

It also depends where you are from because inflation might actually be very important to keep in mind. In some countries you have essentially almost always been better off being in Bitcoin than in Fiat. There are many small factors that need some consideration before making that decision. That is why it is hard to ask others for an opinion if there is little to no context for others to base their advice on.

[Fortify]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

When you are young with a fairly low income it can definitely feel like a futile effort and in some ways you should save a little sum, but you should really try to enjoy living through experiences at that age. It sounds like your education is going well, which should open up many doors for you and increase your income substantially in the future - you can put your energy into investing at that point. If you put a little bit into investing, consider it as part of your education and a learning experience, keeping your risk diversified so your money is not wiped out. Often investing can require a lot of patience which might be hard to achieve when you're young. Also, you have an internet connection which means there are all sorts of side hustles available to you outside of your local geography, just test and find what works for you.

[BitDane]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is never been a wasting.  If you intend to invest in some venture, you need to save money for it.  Thus, you are saving money for your planned investment venture.  Basically, if you are a student, you will never have a money in one go in order to invest in any investment venture, you need to save money and when you have enough then you can invest it to any asset, stocks, project or cryptocurrency you wanted or even create your own business.

Saving is the best move and proven to be not a waste especially if the business or investment venture you wanted to do needs a huge amount of money.  Besides, depending on a situation, saving is way better than a loan to start your business or investment venture.

[ultrloa]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Its not waste of time if you cannot afford to lose it yet since you are still student and yet still learning many things. Maybe its good for you to study first how the market first before testing out the waters since its really bad if you rush things because you could lose everything you have.

So if you are not confident yet better save and also try to learn many things since once you are sure what you are doing then that's the time you can spend your saving on investments.

[JoyMarsha]

As a student, it will not be perfectly okay if you invest the little money you have into something without knowing what's up-front for you as a student in a particular school.

When I was in school, I can recall how I used up all the cash I had on me on each given day that I went to class. Unexpected payments that you didn't anticipate will be made to you in all directions.

if you decide to invest your small savings. Don't be shocked if you have to spend the money you invested for unexpected expenses in the future. It is preferable to save your little cash for upcoming expenses.

[Oilacris]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Its not waste of time if you cannot afford to lose it yet since you are still student and yet still learning many things. Maybe its good for you to study first how the market first before testing out the waters since its really bad if you rush things because you could lose everything you have.

So if you are not confident yet better save and also try to learn many things since once you are sure what you are doing then that's the time you can spend your saving on investments.

It is really that understandable that there are people even if they are just still young but already have the plans into their mind on where they could really be that able to earn some income.
Saving isnt wasting but it would be depending on how you would be able to act out or have plans on how you would do it.Its true that being a student or simply you are still dependent
on your parents which there's nothing you can do much when it comes to finances because you arent that earning which means that it is really hard
for you to save up.How much more if you are a breadwinner or simply you are the ones who do make yourself at school or the one who spend on?

[romero121]

Saving is the base for investment. In the past people doesn't had the opportunity to invest. Now everything is in the hand and it makes things easier. The decision needs to be taken by OP, because at times the investment might fail. In that situation mind thinks I should've saved the money than investing. As there is no side hurdles to meet invest is my choice as it looks like the student is able to meet her needs and able to hold it for long term. With investment time is the major constraint, because when you're in need the market might be at the bottom and at such situation you need the money to withstand the situation.

[Findingnemo]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Savings in the form of Fiat or anything completely backed by fiat is wasting and stupidity because over the time it loss its purchasing power so there is no point of saving them.

However even if you have very little you can invest it on gold for the sake of its stability and you can even buy one gram coin too anywhere in this world and it works perfectly for beginners and people with very little they can save.

[GreatArkansas]

There are some people who are telling with the high inflation rate we are experiencing now or past few years it is much better to spend than to save because the value of your money is depreciating or losing its real value, but I disagree with this because it's still better to save because it will help you on your difficult times or like in an emergency, if you don't want to lose the value of your money there are some platform that offers interest which even it's very low interest, it's still helping not to lose the value of your money.

Overall, SAVING is good for me, no matter what.

[Unbunplease]

I believe that a person should have only liquid savings. For example, in 1991 in USSR was made the Pavlov reform. Each person was allowed to exchange only a certain amount of money for new money. Many lost almost all of their savings. So if your savings are not liquid, it is a waste of money.

[o48o]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

You are a student. Sure you can try to keep your expenses as low as possible and save that way. But saving for the future while being a student for the sake of it is sort of pointless i think.
I have however met people who have saved money while studying but i am guessing they were taking that money from their parents.

I am assuming you are aiming to educate yourself for job that actually pays. Then there's time for saving and investing. Right now you need to focus on eating healthy, sleeping enough and exercising. Those are the things it's ok to spend on during while educating yourself. Because those are the things your brain needs to learn better.

[Razmirraz]

Saving is worth it as long as you put your money in the right place, there are lots of investment media that you can choose to save money so that its value don't decrease.
Keep holding on until you become a scholar. Never count the amount of money spent while you are a student, focus on the goal of getting a diploma because it will make it easier for you to get a job after you finish college.

[Don Pedro Dinero]

Like all generalisations, it is partly true and partly false. The truth is that as fiat money depreciates by leaps and bounds, by saving, you are throwing away part of your capital.

Saving is wasting because every year fiat always inflated, so if you save $50 every month, which will be $600 in the end of year, but actually your $600 doesn't have same buy power like when you start to save, maybe it's already become $550, so you're always lose your money.

You can invest to stock, gold or Bitcoin, depends with your choice. You don't need to worry if you're need money in hurry, because you can sold it for instant, so you can use the money you invested for emergency needed.

The longer you have it saved without investing it, the more you are throwing away.

But there is a grain of truth, because it is always wise to have savings for what could happen: a car or home repair, or a medical emergency for example. For these and other cases it is convenient to have money available rather than invested, because even if you have it invested, we are in a bear market and you are forced to sell at a loss to obtain liquidity. As investments are volatile, fiat is better in these cases, as it avoids volatility.

[Pejoh Asu]

Saving is worth it as long as you put your money in the right place, there are lots of investment media that you can choose to save money so that its value don't decrease.
Keep holding on until you become a scholar. Never count the amount of money spent while you are a student, focus on the goal of getting a diploma because it will make it easier for you to get a job after you finish college.

Most people save because they want to save money rather than keep it in their pockets, I'm sure no one has ever thought that saving money wants to get extra or bank interest, so when you feel you have a lot of money, you prefer to use it for investment, of course by saving money in the bank, it's more safer than keeping under the pillow.

[Oasisman]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Practically, in your case as a student, you should be saving fo your future first, it's too risky to lost money from any investments while you're still not earning for yourself. Studying and finishing your degree is also an investment, and that's what your supposed to be focusing on at the moment. Later, when you get a good paying job, you will be able to get extra money to invest to Bitcoin or any other forms of investments.

[mirakal]

I believe that a person should have only liquid savings. For example, in 1991 in USSR was made the Pavlov reform. Each person was allowed to exchange only a certain amount of money for new money. Many lost almost all of their savings. So if your savings are not liquid, it is a waste of money.

That surely depends on where the OP is investing, I mean, yes, everything doesn't have assurance but somehow, you can minimize your risk by only investing on what you understand and more profitable while you aren't doing anything with that available funds you have.

Liquid savings is good especially for a student like the OP, but since he's willing to explore more depths then he should at least try investing towards crypto. That doesn't mean that he should invest big time, you know, small steps still makes a difference.

[justdimin]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

In your case it’s not because you will need money any moment due to your school needs. Putting it on investment will just ruin your money profitability because you can’t get enough profit in short term on an investment unless you will enter a high volatility investment. Money shouldn’t be put always on investment, it highly depends your situation and needs about the about the money. Savings is very good if you need a sure money for an upcoming expenses while you are still not earning passively through your work.

I agree that your investment should not be your income, that is not going to be anything that would give you a good return. In that situation you will need short term results and if you can't get it then it is going to be a terrible situation for you. However, if you could end up with a good long term plan that you do not mess with? That should be something that could actually work for you and it could give you a better result and will give you a great return over course of long time.

I am planning my retirement with bitcoin, not many people use crypto for retirement, they use it for getting rich as soon as possible, but they do not realize this is their amazing and very profitable retirement plan.

[Abiky]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

The only proven way to grow your money is by investing it into something that will generate large returns in the long run (or at least maintain its value over time). That's because inflation reduces your purchasing power over time. It has increased considerably since the start of the COVID-19 pandemic, so people who saved money back then basically lost their time. Your best bet would be to "save" that money into either Bitcoin or Gold for complete peace of mind. I'd recommend taking advantage of both assets/commodities for diversification purposes.

Even though central banks around the world have taken tough measures against inflation (especially The FED), things are relatively the same these days. So don't expect inflation to go back to pre-pandemic levels anytime soon. Just spend your money wisely, and you'll have nothing to worry about. Just my opinion

[sulendra12]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If you are still a student then it's still a better decision to save it for your emergency needs, who knows you might need it in the future. Your opinion could be changed if you are graduated from the school and you might want to start saving or investing depends on your ability to manage the money when you reach that point. Your education is important for your future dream job, so at least it's really worth it.

[Kelvinid]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I don't think that saving is wasting because you are doing this for some reason. In fact, you can't invest without money that is why you save and make use of that money to start investing or anything that will grow your money.
But if we are doing this for a long time, all just about saving like saving them in the banks - that seems another story and we need to change that attitude because instead, we use our hard earn money to earn a profit, we just let the bank do it for their own benefits while sharing a little percentage to us depositors. If you can afford to invest and already have the knowledge of what you invest, then go for it as this will give you a fortune if manage well.

[GideonGono]

Saving isn't wasted when you spend it on the things that you need.
Just think about it if you didn't have any savings and you need money for your school activities or something then it would be problematic for you.
Sometimes we feel that it is wasted because we keep on spending it on some emergency cases, and for you as a student I know how it feel I've been there and I know that those emergency payment for school could be shouldered by our parents, but think about it we are helping them by paying it pn our own.
By the way as a student there are so many opportunities for you to hustle, I once was paid for creating reports, project, research and even assignments for my classmates.

[TheUltraElite]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving and investing both have their importance. Your bank deposit is a safer liquid-able asset in case of an emergency need of funds and is a stable source of interest every month, compared to a cryptocurrency which is a high-risk difficult to liquidate asset.

You have to decide how much you are willing to put in savings and in what form and how much you want to put in investing both high risk and low risk assets. I would keep the investment to 10% maximum of my monthly income.

The major attraction to a high risk asset is the possible return on selling and that for a low risk asset is the safety that comes in the long run. Keep both types in your portfolio and you should be doing good. Try to learn about the asset too before investing and increase the types of assets in your portfolio with time. Dont be biased towards crypto which this forum members might opine for.

[DanWalker]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is really a waste when compared to investing because saving won't make you rich even your money will decrease in value due to rising inflation every year. That said, but saving is not entirely useless, it has benefits, such as using it for short-term work or for emergencies in life. Saving is good for the short term, investing is good for the future, so find a way to balance the two, both are important to our lives. If you want a perfect life, you shouldn't lack either.

[RockBell]

I don't actually agree that saving money is a waste in any way. As a student, you have a lot of expenses related to school needs and maintenance, so it is preferable to have modest savings instead. Education is crucial and something you cannot do without, so keep calm and remember that life is a process and you will benefit from all of your hard work in the future.

[$crypto$]

I don't actually agree that saving money is a waste in any way. As a student, you have a lot of expenses related to school needs and maintenance, so it is preferable to have modest savings instead. Education is crucial and something you cannot do without, so keep calm and remember that life is a process and you will benefit from all of your hard work in the future.

Saving is not a waste but it can be economical for other needs including education at the school he is attending, if this becomes an important part then save so that education can run well and I am sure that in this case there is not a little money to be needed so save for an education is important!
I believe that after the education process is finished, our lives will be better because with this settlement, there is no need to worry about investing late, basically we will lead to this after the education is finished.
But with education we will get decent jobs and good results for income.

[jostorres]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

In your case it’s not because you will need money any moment due to your school needs. Putting it on investment will just ruin your money profitability because you can’t get enough profit in short term on an investment unless you will enter a high volatility investment. Money shouldn’t be put always on investment, it highly depends your situation and needs about the about the money. Savings is very good if you need a sure money for an upcoming expenses while you are still not earning passively through your work.

Being a student is so demanding, not only in time but also in expenses. If he only have a small money then I won't recommend putting it for saving because there's a tendency that he just pull it out. Better if he can save it for a while so that he will have something to use for school purposes because our teachers can sometimes demand us a project.

Many of us finish our studies first before we focus on money making activities as it's more easier and doing so won't affect our studies, so my only advice to the students right now is don't rush things but they should enjoy their youths first because they will surely regret it in the future if they won't.

[TimeTeller]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

In your case it’s not because you will need money any moment due to your school needs. Putting it on investment will just ruin your money profitability because you can’t get enough profit in short term on an investment unless you will enter a high volatility investment. Money shouldn’t be put always on investment, it highly depends your situation and needs about the about the money. Savings is very good if you need a sure money for an upcoming expenses while you are still not earning passively through your work.

Being a student is so demanding, not only in time but also in expenses. If he only have a small money then I won't recommend putting it for saving because there's a tendency that he just pull it out. Better if he can save it for a while so that he will have something to use for school purposes because our teachers can sometimes demand us a project.

Many of us finish our studies first before we focus on money making activities as it's more easier and doing so won't affect our studies, so my only advice to the students right now is don't rush things but they should enjoy their youths first because they will surely regret it in the future if they won't.

But they can always opt to save money as much as they can.
So whenever they need it, they are not desperate where to find money.
But don't stress yourself in saving if you don't have it. Just live within your means.
Now, when the times comes you can afford to save money, then do it diligently.
Lucky if you can still keep some money while studying, not many students can do that these days.

[Lubang Bawah]

Saving, of course, aims to make it easier for us to manage money, people also know that saving money in a bank has no benefits due to many factors. Apart from that, by saving, we can estimate daily or monthly needs, and if we only aim to get bank interest, of course this is the wrong thing, there are many things we can do by saving at the bank and the most important thing is security.

[laurenB7742]

Saving is wasting!

Well that could be right or not. Anyway, saved money makes no profit but, invested money does. That's the part where investing your money becomes of real advantage than having them stored away somewhere. The issue here is, knowing where to invest. Having to invest your money in some package or enterprise always comes with a risk factor that could mean, losing you money. Hence, to benefit from. Investing, you must first of all know where to invest.

When it comes to savings, all these aren't the issue but some real issue still stands out, devaluation of money. At the moment that I flatiron is heading our world, this ain't any news no more and people are feeling the impact.

This is where bitcoin becomes of real advantage as in one instance, you could be doing both.

Saving is considered wasted only if it is idle money that you do not need to use for urgent expenses or work and you put it in the bank. But in OP's case, I don't think it's a waste, as a student, he will need a lot of money to cover his studies, so without any savings his studies will stop suddenly. Students should focus on their studies and only think about making money in their spare time with part-time jobs or can look for free sources of income through cryptocurrencies. Do not rush to invest because there is no guarantee that it will bring profit and affect his studies if the investment is at risk.

[Hyphen(-)]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

There are limits to everything, but investing in your education is one of the best investments you have made; therefore, do not give up on it because it is a future investment.

Saving your money in savings or fixed accounts is not a solution because the money will not appreciate in value; rather, it will depreciate due to inflation. Investing the money would be the best option, but you cannot invest all of it due to personal upkeep and you have stated that there is a limited hustle in your country; therefore, invest part of your money in Bitcoin and you will receive a profit letter in the future.

[Questat]

...
 Do not rush to invest because there is no guarantee that it will bring profit and affect his studies if the investment is at risk.

You have some point in this and it is really hurt to lose our money or our saving for investing in something that never gives ROI. But I don't think it is an excuse for not trying because we can't just draw conclusions or assumptions that investing is a failure until we try it. As long as you choose the right investment it was sure that you earn but if we are afraid and always think negatively, definitely we can't expect good results and of course, nothing will happen to us. He is a student, his parents can support him and that is actually their responsibility.

[visionE2]

The choice is yours, friend. But I'm just giving my opinion, education is also very important for the future and it's also necessary to save if one day you need emergency money. However, investment is also very important, for young people, if you can set aside money to invest, it will be even better, so that your financial condition will be secure in the future.

[ZAINmalik75]

The choice is yours, friend. But I'm just giving my opinion, education is also very important for the future and it's also necessary to save if one day you need emergency money. However, investment is also very important, for young people, if you can set aside money to invest, it will be even better, so that your financial condition will be secure in the future.

For me investing in education is best saving and investment because this works for long time and after completing your education you can earn as much you can is also having many aspects in your life like with this you can start saving which could be not wasting and this will help you for long run even like your retirement as many other things but having just saving is never been good if you can do saving with the best option like investment in Bitcoin this is surely doubled your saving and this could be never wasting just keeping and doing nothing is surely not ideal as it's never match up with the long run with inflation is also rising in many countries and prices are hiking which is also creating problems.

[Queentoshi]

Saving is wasting because every year fiat always inflated, so if you save $50 every month, which will be $600 in the end of year, but actually your $600 doesn't have same buy power like when you start to save, maybe it's already become $550, so you're always lose your money.

Saving is not wasting in a way, depending on the reason you are saving, every saving has a purpose, I can be saving for buy a car or a house, and someone else can be saving can be saving to invest. I can not just save without a motive, I can not just go put my money in bank because I don't want to use touch, saving without any plan is wasting but saving with purpose is never a waste because there is definitely a reason behind it.

[Fivestar4everMVP]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If the money is not so big that you can divide it into two, then with all honesty, and based from my own personal experiences, I would tell you that putting the money into an investment is a waste of time and useless, this is because investing money right now require that you wil give the investment time to get you some good profit, it makes absolutely no sense to invest money today and in a week or month, pull it out due to some personal expenses that needs to be meet, so just save the money for your future expenses.

But by the way, if side hustles are very limited in the place you live, why don't you learn cryptocurrency trading?
I know several students over here who are living really well through trading cryptocurrencies.

[alastantiger]

Saving money is not a waste of time. Saving money is a crucial element of budgeting and building financial security. It provides a cushion for unforeseen expenses, aids with long-term goals such as home ownership or retirement, and can provide peace of mind in the event of an emergency. Saving money also provides opportunity to invest and potentially develop wealth over time. While spending and enjoying the present must be balanced, having a savings strategy is an important element of prudent financial management. As a student, it is vital to have a savings plan as it is a discipline that you will carry along with you when you start your career.

[teosanru]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I understand the problem you are facing and it's pretty common with students especially the ones who living by their own without any support from their parents. I can only say you one thing. Don't believe in this foolish theory and have some patience. Things will surely get better very soon and you will become affluent very soon. I believe it's just a matter of time that you are stuck in this situation you'll be out of this once you get a job.

[KennyR]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I understand the problem you are facing and it's pretty common with students especially the ones who living by their own without any support from their parents. I can only say you one thing. Don't believe in this foolish theory and have some patience. Things will surely get better very soon and you will become affluent very soon. I believe it's just a matter of time that you are stuck in this situation you'll be out of this once you get a job.

Savings is the best when used in the right way. Students who doesn't want to risk prefer to save. Surely what he have done helps on his need. The inflation around the world at times gives a negative thought to run around his mind. This mindset changes with time, when slowly things gets in order. Entire world is experiencing the problem and as mentioned a job will ease out every problem.

[laurenB7742]

...
 Do not rush to invest because there is no guarantee that it will bring profit and affect his studies if the investment is at risk.

You have some point in this and it is really hurt to lose our money or our saving for investing in something that never gives ROI. But I don't think it is an excuse for not trying because we can't just draw conclusions or assumptions that investing is a failure until we try it. As long as you choose the right investment it was sure that you earn but if we are afraid and always think negatively, definitely we can't expect good results and of course, nothing will happen to us. He is a student, his parents can support him and that is actually their responsibility.

Although it is the responsibility of the parents, it also depends on the family situation. If your family is not rich, you make your parents responsible, fully providing for you is an excessive request. While at student age was able to work part-time. Second, if you are already dependent on your parents, it is best not to invest but save for them. If you want to try your hand at investing, make your own money, don't rely on them. Parents worked hard to raise us to school, don't make them bear our failures.

[Swordsoffreedom]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If saving is good for your education then it is also considered an investment, there is no better investment than investing in education. As a student, you need to know that what you need to do now is study well, not make money, making money is just a side job if you have time for it. If you complete your studies excellently, after graduation you can earn a lot of money, even more than those who are investing here, and when you earn money then you can invest anywhere you want. Focus on learning, knowledge is the only way to success.

[xSkylarx]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If saving is good for your education then it is also considered an investment, there is no better investment than investing in education. As a student, you need to know that what you need to do now is study well, not make money, making money is just a side job if you have time for it. If you complete your studies excellently, after graduation you can earn a lot of money, even more than those who are investing here, and when you earn money then you can invest anywhere you want. Focus on learning, knowledge is the only way to success.

I wont be saying after you graduate you will earn a lot of money because right now it is very hard time finding a job because of our economy and also other are shifting career due to need of money. It doesn't mean youll graduate you'll earn a lot of money, it is just you have more opportunities than others but again today generation is mostly skill based than your attainment though we still need to graduate for our better future

[Ludmilla_rose1995]

The choice is yours, friend. But I'm just giving my opinion, education is also very important for the future and it's also necessary to save if one day you need emergency money. However, investment is also very important, for young people, if you can set aside money to invest, it will be even better, so that your financial condition will be secure in the future.

everyone must have good financial management so that their old age is safe and not full of worries about money because many parents still do not have savings, investments, and plans for the future, to be honest, I am very concerned about people like that.

[beerlover]

Saving is considered wasted only if it is idle money that you do not need to use for urgent expenses or work and you put it in the bank. But in OP's case, I don't think it's a waste, as a student, he will need a lot of money to cover his studies, so without any savings his studies will stop suddenly. Students should focus on their studies and only think about making money in their spare time with part-time jobs or can look for free sources of income through cryptocurrencies. Do not rush to invest because there is no guarantee that it will bring profit and affect his studies if the investment is at risk.

I agree that it is quite important to focus on the studies a lot but if the studies can't go any further, it would be wiser to focus on the money part at times as well. I gave one year break to my school and worked full time and saved my money, thankfully I lived with my parents so I didn't had much costs anyway, and that is why I ended up saving enough to finish school and focused on my studies instead of having a part time job.

Sometimes it is better to find a way to get rid of the money trouble first, and then study, it gives students a chance to actually learn, and not be tired at school all the time, my first year was like that and I didn't get anything from classes.

[19Nov16]

The choice is yours, friend. But I'm just giving my opinion, education is also very important for the future and it's also necessary to save if one day you need emergency money. However, investment is also very important, for young people, if you can set aside money to invest, it will be even better, so that your financial condition will be secure in the future.

Most people are complacent when they are young so they are always extravagant and spend money for pleasure, when they have important needs they usually go into debt because they think they are still productive and can pay off debts, from now on we have to change the mindset of young people and train investments from the start is the best solution to make the future will be better.

[Bananington]

I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies.

Saving can be wasting time, time that you should have invested in making investments and putting the money to work. But just so you know, investing does not stop you from still having a small amount of your income for savings as fall back should your investment fail. Investing is very risky, because your investment may even perform poorly leading to loss, so still having some savings makes some sense. If you decide to keep savings with the current economy and inflation, your money may loose it's value kept just like that, that is why you are advised to invest instead of save. But me I say you can do both, but have more investments or things you invest in than you are saving.

[mirakal]

...
 Do not rush to invest because there is no guarantee that it will bring profit and affect his studies if the investment is at risk.

You have some point in this and it is really hurt to lose our money or our saving for investing in something that never gives ROI. But I don't think it is an excuse for not trying because we can't just draw conclusions or assumptions that investing is a failure until we try it. As long as you choose the right investment it was sure that you earn but if we are afraid and always think negatively, definitely we can't expect good results and of course, nothing will happen to us. He is a student, his parents can support him and that is actually their responsibility.

Both of you are right and each side has a point to make. Rushing will only make things worse especially if you rush on things you don't know about, the OP is still a student and surely adding some serious knowledge towards that investment is a must, so that the risk will somehow be minimized. I know that's an additional burden because as a student, your time is already divided but you should still make some time for your side hustle if you seriously want profits.

[virasisog]

Saving is different from investing. In saving, you are preparing for something in the future so you can have funds for emergency purposes while in investing, you are risking your money and you're also expecting your profit. It's good to have both at the same time but you don't have to force things for now if you can't afford to invest yet. You can save money so you have something to invest. Saving isn't a waste of money because you are just preparing yourself to be financially ready if unnecessary things happen or if you have important things to spend on your studies.

[ginsan]

the expenses you incur will not be wasted because you are still within the scope of learning and the money you spend will be very useful capital for your future. keep thinking positively if you are still a student and make the best use of the time just to study and learn. don't think about money problems if you are still a student because it can trigger a strong reaction against the continuation of your education.

the time will come for you to think about financial problems and the time will come when you have to save when all of that comes after you finish your education period. keep looking at the future friends, don't pay attention to misleading appeals.

[Baofeng]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

There is a saying that the best investment that you can make is to improved yourself, get education just like what you are doing. Why are you troubled by it? in the future if you have the proper education maybe you can get a good job and that is the time to save money, and remember that you are still very young and many good things can happen to you.

And if you think about those college dropouts that make it big, they are just a small percentage and they could be the blip in our society, people like Bill Gates and Steve Jobs, they are kind of different personality. I'm not saying that you might not be successful like them, but it's better to educate and invest in your self.

[STT]

SAVING IS WASTING

No because emergencies cost so much, the reason you dont want to overextend your finances is that it can be so costly to be put on the spot when money is required to live or travel, medical emergencies and so on.    Follow the 8 tenths rule which is you never use 100% of what you got because of the consequences of being unable to pay.
  If you are young and single, your risk category is alot different to someone providing for a family etc.  you must adapt these rules personally also but never use everything imo.

[Swordsoffreedom]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If saving is good for your education then it is also considered an investment, there is no better investment than investing in education. As a student, you need to know that what you need to do now is study well, not make money, making money is just a side job if you have time for it. If you complete your studies excellently, after graduation you can earn a lot of money, even more than those who are investing here, and when you earn money then you can invest anywhere you want. Focus on learning, knowledge is the only way to success.

I wont be saying after you graduate you will earn a lot of money because right now it is very hard time finding a job because of our economy and also other are shifting career due to need of money. It doesn't mean youll graduate you'll earn a lot of money, it is just you have more opportunities than others but again today generation is mostly skill based than your attainment though we still need to graduate for our better future

A tough economy does not mean that everyone is unemployed and unable to find work. Those who cannot find jobs are those with low, or medium skills and knowledge and always demand high wages while their qualifications and expertise are low. For someone with high qualifications and good skills, they will always be welcome in any company. Don't blame our economy when you can't get a job. Ask yourself, why do other people still work and still have a good income while you are unemployed?

It is true that there is no guarantee that I will quickly get a job after graduation, but I will have more job opportunities than people without a degree. Once I had solid knowledge in school, skill for me was just a matter of time.

I want to say that a person who is fully educated is easier to do anything later than an uneducated person and they always have a better chance of success. I have not seen a CEO or director make hundreds of thousands of dollars a month without a high education.

[fuer44]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If you have a mature plan to open a business or use the savings to explore your potential, I think it's a good thing to take risks because you are still a student, not yet to be a husband and father.

There's nothing wrong with saving, especially if you think about an emergency that is not predicted. But managing that money so that it continues to grow is also very important.

[Mr.suevie]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If you have a mature plan to open a business or use the savings to explore your potential, I think it's a good thing to take risks because you are still a student, not yet to be a husband and father.

There's nothing wrong with saving, especially if you think about an emergency that is not predicted. But managing that money so that it continues to grow is also very important.

Yeah i think the fact you stated is very good because its only now that you are still single and not married, you can save up something for yourself. I personally feel saving is good that's only if you want to save up and start up something tangible that can be giving you more money in the future. You are still a student which means you are not filled with responsibilities and now is the perfect time to save and start something that can help guide you through your education because you need to sacrifice for the greater good and your education is very important because its the base to your wealth in the future.

[Casdinyard]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Being unemployed while pursuing your degree is one of the worst experiences ever. You can't even save what little you get especially if you don't live in developed countries cause what you got's most likely only going to be dedicated for survival. In any case, if you have any extra lying around, I would highly suggest you save them up and start an investment fund, or maybe if that really wouldn't work, Find out a skill you're quite knowledgeable about, create one if you don't have any, and use it to profit. I wasn't a writer until the pockets called for it, so I busted my ass trying to perfect my craft, even going so far as to accept free work for my clients just so I can prove my integrity to them, it all paid off eventually. Not saying this could happen to you too, or that you should subject yourself to free labor just to gain cred, but that's the most effective way to really garner client's attention nowadays.

[MiF]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

You said little money it means very small amount, i think it can be save for the future but it has no great effect with your future status little money is now nothing specially most of the physical and daily needs price are now rising, but if you are going to invest it in crypto and be patience to wait for the right time to sell, maybe that little money will change your life, crypto is a good way to earn money if yiu only knew how to deal with it.

[Yatsan]

Simply depends on what type of an individual you are. If investment works for you then that would be good but if saving is your forte then that would be as well just fine. Ofcourse having the guts to invest would be advantageous but since not everyone is eager to handle risks involved on any kind of investment, saving will still be an option. It would be wiser to stick with saving funds than to engage with an investment you know you cannot manage properly. It will just seem that you are throwing away your money. We are all different and we all have our own plans for our money. So just do you.

[Iroh]

Saving is different from investing. In saving, you are preparing for something in the future so you can have funds for emergency purposes while in investing, you are risking your money and you're also expecting your profit. It's good to have both at the same time but you don't have to force things for now if you can't afford to invest yet. You can save money so you have something to invest. Saving isn't a waste of money because you are just preparing yourself to be financially ready if unnecessary things happen or if you have important things to spend on your studies.

Yes, I agree with you on your point. Having some savings put aside is totally different from having some investments. Having some savings is not wasting and shouldn’t be classified as such. There are a lot of people that do not invest their money for various personal reasons.
Having some savings is great and important as it is money kept aside for anything ranging from emergencies to financing a project.
Investments are also great and somewhat important as it creates wealth for future purposes if done right. Savings and investments are equally important.

[kro55]

Simply depends on what type of an individual you are. If investment works for you then that would be good but if saving is your forte then that would be as well just fine. Ofcourse having the guts to invest would be advantageous but since not everyone is eager to handle risks involved on any kind of investment, saving will still be an option. It would be wiser to stick with saving funds than to engage with an investment you know you cannot manage properly. It will just seem that you are throwing away your money. We are all different and we all have our own plans for our money. So just do you.

Saving or investing is both good, and each has its advantages and disadvantages, it cannot be said that saving is wasteful or investing is foolish. Why choose only one when we can choose both? It is possible for us to save for emergencies in life as well as increase our wealth at the same time. Depending on each person's circumstances, we will allocate money to both as long as it gives us comfort. We live for ourselves, not for others, so let's just be ourselves, do what's right for us, and don't need to listen to anyone.

[Moeda]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I've never heard of such a saying. What people often say is "Thrifty is the beginning of the rich". Thriftyin the sense of the word is to save some of the money we have. Make no mistake either, in this case we should not choose the wrong thing to save something for the future. If you save $100 now, maybe 5 years from now you can only buy one bottle of mineral water, but if you buy now you might get 5 Ozarka Sparkling Water.
Save gold, of course we will produce something comparable between now and the next 5 years. And now it's easier with the presence of Bitcoin, we will get big profits when we hold it.

[Cryptock]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

saving is not wasting - infect its is being wise to have some money in hand.
our thinking in college life changes with the passage of time - and we must all have some money in hand. That will make us financial independent and we will have a peace of mind as well.

[rby]

Saving is wasting because every year fiat always inflated, so if you save $50 every month, which will be $600 in the end of year, but actually your $600 doesn't have same buy power like when you start to save, maybe it's already become $550, so you're always lose your money.

You can invest to stock, gold or Bitcoin, depends with your choice. You don't need to worry if you're need money in hurry, because you can sold it for instant, so you can use the money you invested for emergency needed.

Saving is wasting only if you save for wrong purpose. But saving is better than making wrong investments. I have seen people who bought shares of some companies and 5yrs later the share was worth nothing.
However your savings will always be there and inflation can only affect some percentage of it and not the whole capital.
In conclusion, you can save and also invest.

[rahmad2nd]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

As a student, your main task is to complete your studies until you graduate from college. you have to motivate yourself to get a degree as a foundation of a bright career, and it is an investment in your future. Speaking of saving, who said that saving is a waste. actually saving has many benefits. But remember, the goal of saving must be clear. You can think of it as a need for emergency funds, unexpected needs in the future, financial goals are more likely to be realized, managed more healthily, and financial security, even to alleviate the needs of your educational activities, right? if you have a clear concept of saving, then saving is important. Or maybe, you can save to invest in other things. Most importantly, you must have a plan before you start. If saving doesn't make sense to you, you can invest in bitcoins. you can start bit by bit, regularly, periodically. Most importantly, you have to start by developing the right strategy and concept.

[carlfebz2]

Saving is wasting because every year fiat always inflated, so if you save $50 every month, which will be $600 in the end of year, but actually your $600 doesn't have same buy power like when you start to save, maybe it's already become $550, so you're always lose your money.

You can invest to stock, gold or Bitcoin, depends with your choice. You don't need to worry if you're need money in hurry, because you can sold it for instant, so you can use the money you invested for emergency needed.

Saving is wasting only if you save for wrong purpose. But saving is better than making wrong investments. I have seen people who bought shares of some companies and 5yrs later the share was worth nothing.
However your savings will always be there and inflation can only affect some percentage of it and not the whole capital.
In conclusion, you can save and also invest.

But how you would be able to point out and consider bad and good investment specially when you are dealing with crypto? You cant really be just able to precisely predict whether you would succeed or not.

Saving is a must because this isnt really just talking about investment but also for emergency purposes which is the sole reason on why we should really be saving up on the first place.We cant really just make ourselves that too confident on having none because it would really just be putting us up in huge trouble.

Saving isnt wasting as long you arent that been using it on gambling or purchasing useless things which it doesnt really give out that relevant benefit.

[fadhilz123]

saving is not wasting - infect its is being wise to have some money in hand.
our thinking in college life changes with the passage of time - and we must all have some money in hand. That will make us financial independent and we will have a peace of mind as well.

The change of mind after one is freed from campus life or freed from being a student to ordinary people in general is something that many people will definitely experience. Because when a person is no longer a student at a college, it's clear what he's thinking about is finding a job so he can have money in his hands and become financially independent.

But what is seen in reality in life, not everyone can be able to get a job according to their respective skills and also this is sometimes influenced by the absence of job land for many people except for people who are able to create their own jobs for themselves.

[Sebas.tian]

I don't think, saving is wasting because investing in education is a good ideas that will bring progress to you and your family in future. But you may look at it as if your are wasting your time, energy and resources in education now, by the time you become a parliaments members or president in your country then you will know that saving your money on education is not a wast but for future purpose. Those that saving their money in decentralized currency and education always have a good opportunity to become great in future, because if you invest a huge amount of money on Bitcoin when the price is low, definitely you will achieve something that will change your level in the community.

[Xampeuu]

people invest calmly, of course, when our necessities of life are safe. if it's money we save for future needs, and you invest then it makes your heart and our minds uneasy, so in the end there is a lot of panic selling, basically a lot of people say to use cold money in investing, and it's true, when the price is bearish, it seems that we are not affected by the situation with our money, because basically the amount of our crypto investment is still the same, it's just that we are being played with by fluctuations

[Smack That Ace]

Saving is wasting because every year fiat always inflated, so if you save $50 every month, which will be $600 in the end of year, but actually your $600 doesn't have same buy power like when you start to save, maybe it's already become $550, so you're always lose your money.

You can invest to stock, gold or Bitcoin, depends with your choice. You don't need to worry if you're need money in hurry, because you can sold it for instant, so you can use the money you invested for emergency needed.

Saving is wasting only if you save for wrong purpose. But saving is better than making wrong investments. I have seen people who bought shares of some companies and 5yrs later the share was worth nothing.
However your savings will always be there and inflation can only affect some percentage of it and not the whole capital.
In conclusion, you can save and also invest.

Indeed, both are good, I just find it funny how many people brag that they only have one investment and no savings. They believe that investment will help them create more wealth while saving not only does not create more wealth, but inflation eats away at their money. They said it was not wrong, but they ignored the risk when investing, in addition to the profit, the risk is something we can encounter. Inflation is causing money to depreciate, but it won't fall as quickly as investments. If someone saved in 2022, their wealth would only lose a few percent of its value due to inflation, but if someone invests in bitcoin or stocks, their wealth may lose around 30-50 % value.

[Lamkuthang]

I know that you want to save once you have the money, but you should still make small investments. It's good to have a few investments here and there, which could mean buying ownership of a business or investing in stocks or mutual funds. If this upsets your vision of what a strict savings account is supposed to be then just remember the rule "you've got to spend money to make money".

[lienfaye]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

It is not a waste to save. If you're saving for school activies or for emergency, would you call your savings will go to waste for that purpose? No right? Because we have our own reasons on why we're doing it.

You're just starting in your journey as a student, it's also an investment that no one can take away so just focus on that goal first. Investing can wait and that is if you're already capable to earn on your own without worries about anything.

[D ltr]

Dude, I have experienced a period like you, but the investment was made after you got a job. not when you are still in college because your job is to go to school to get good grades so you can become the best graduate, so you can easily get a job
but unless you pay your own tuition and while working you need to think about the investment of your work.

[dzonikg28]

Saving is wasting because every year fiat always inflated, so if you save $50 every month, which will be $600 in the end of year, but actually your $600 doesn't have same buy power like when you start to save, maybe it's already become $550, so you're always lose your money.

You can invest to stock, gold or Bitcoin, depends with your choice. You don't need to worry if you're need money in hurry, because you can sold it for instant, so you can use the money you invested for emergency needed.

Saving is wasting only if you save for wrong purpose. But saving is better than making wrong investments. I have seen people who bought shares of some companies and 5yrs later the share was worth nothing.
However your savings will always be there and inflation can only affect some percentage of it and not the whole capital.
In conclusion, you can save and also invest.

Indeed, both are good, I just find it funny how many people brag that they only have one investment and no savings. They believe that investment will help them create more wealth while saving not only does not create more wealth, but inflation eats away at their money. They said it was not wrong, but they ignored the risk when investing, in addition to the profit, the risk is something we can encounter. Inflation is causing money to depreciate, but it won't fall as quickly as investments. If someone saved in 2022, their wealth would only lose a few percent of its value due to inflation, but if someone invests in bitcoin or stocks, their wealth may lose around 30-50 % value.

Correct and if you have an imbalanced portfolio that only consists of investments and no liquid savings you can also be forced in a bad moment to liquidate positions at a big loss. That can be anything in life that comes across your way and you are dependent on liquidity.

The worst that can happen is really if you have to sell part of your investments at a loss because you have never ever saved money for worst case scenarios.

[Natalim]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Think about your priorities first before planning to put your extra money into an investment. I know it was your desire to invest and make some earnings while studying but in the case today, I think you should focus on your studies first and make prepare for future expenses so you don't need to ask your parents for money. Saving is not a waste of time because we have the purpose of dong this. In fact, as a student we have been encourage to make this as a habit. We can start investing if we already have enough savings so no matter what will happen to that, we still have money left.

[Reid]

You should not worry yourself too much about investments for now, being a student. Save all those money that you can and use whenever there's a necessity for school projects and other expenses. Some say, invest while you are still young, well that's correct if you have the money to invest. But according to your story, there is none, so why waste time at thinking about risking it with an investment while learning is also part of investing for your future.
Someday, you will have a job and lots of investment choices will be in front of you, that's when you will have to stress yourself on what to choose.
Right now, carry on, just study and hope that in the future you will get a good job.

[bettercrypto]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

You know I feel what you're saying and I've also experienced being a working student just to pay for my college expenses and it's not easy.

    But you know, if you are here in the crypto industry and you know the basics of crypto trading, you can do day trading, and if your budget allows you to accumulate bit by bit bitcoin and other altcoins. that you think will give you potential earnings in the future.

[philipma1957]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Cash is king and saving it is clever.

or  saving is wasting?


which is true?

answer both are wrong and both are right it is a guessing game.


Example I save 20 dollars a week for a year under my mattress and I have 1040 cash. Let's say inflation was 7% so it is worth $967.20 seems like I lost out.

But wait a minute I find an item being sold for 700 and I know it is worth 1800 the cash wants cash I give him the 700. I have 340 left and sell the item for 1800 I now have 2140.

So cash was king.

But you need to be able to make a deal like that with the cash. Or saving was wasting.

[DOH!]

I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

In a more abstract sense, “saving is wasting” might fall under another category.  Maybe it will be people who make money, save, create assets but when they die they will have nothing, that means some people will live better in the present, like to shop will shop,  love to eat what you like, do it for yourself to feel satisfied… or figuratively applied, when you save money to buy a house, until you have enough money at a time where you direct all your efforts  eventually, inflation swept away that goal.  Money always depreciates when you save it, so save for investment.  suppose, receive a salary of 700$/month and deduct the cost of consumption, living... 100-200$ will be the saved part, use it to invest bitcoin

[Inwestour]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Student years are difficult times for many, if you are not from a wealthy family, when yourself have to provide everything you need. Many of us have gone through this, and I remember myself that in those days I spent very little, now I can’t even believe that I needed so little for life.

At the same time, I always had some kind of part-time job, I worked where they paid well, and although it was not a permanent job, I could still save some money. In those days, I didn’t have to think about any kind of investment, because it was insignificant money, I just didn’t see the point in investing it anywhere, so I just saved up.

[MusaPk]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Student years are difficult times for many, if you are not from a wealthy family, when yourself have to provide everything you need. Many of us have gone through this, and I remember myself that in those days I spent very little, now I can’t even believe that I needed so little for life.

At the same time, I always had some kind of part-time job, I worked where they paid well, and although it was not a permanent job, I could still save some money. In those days, I didn’t have to think about any kind of investment, because it was insignificant money, I just didn’t see the point in investing it anywhere, so I just saved up.

IMO we must think wisely about when to invest and when to save. Like you pointed out that if you are student and not have solid financial background, in such case saving is the wise decision. Since you need cash to pay for your fee, accommodation and food charges. Once this phase is over and you have a job then one can start thinking of where to invest. Saving and investing both have own benefits but we have to think rationally about what to choose under given circumstances.

[el kaka22]

First of all, there is no "limited side hustle" anymore because we are in the online world, if you can write here, then you can earn money from working online as well, if you are still a student, it would be wise to learn at least one skill you could sell in the future, that way you will never have no side hustle, you will always have one. On the other hand, if we are talking about a situation where it is more like start working now, or start investing now?

I would say forget about all of that and actually study, not just study for the class, but actually study. I regret not being a better student, it would have given me so much more but I didn't and can't get that back, I hope you will take it more seriously than me.

[Doan9269]

There's nothing being wasted in making some savings except if what you're actually saving is not worth it, this now channels us further in understanding the difference between investment and liability, we must understand the broad difference that what ever thing we are going for that does not have a second hand value, future value shouldn't be our target because it will cost olus more at the process when trying to secure a room for its profitability, we should invest on something that will appreciate in value over time.

[uneng]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Will you need this little amount of money you have for future expenses and emergencies? If so, save it, if not, invest it.

As a student, I guess you spend extra money with frequency for transport, feeding and living reasons, so it's really hard to think about growing your finances on this moment of life.

Anyway, I think the real investment here are your studies. You are investing time and money on a degree aiming a career and a prosperous life futurely. Don't worry too much about investing your money now, because if you are a good student you are also going to be a good professional, so there will be plenty of jobs' opportunities for you where the payrates must be quite decent and rewarding, surpassing the potential profit you can make investing little sums of money right now.

[19Nov16]

Saving in my country is really wasting time, and will not increase, the interest earned is not in accordance with the calculations, and maybe only increases around 4% per year, saving is a human error and only suitable if they save large amounts of money, unfortunately advertisements from many banks to save money is increasingly massive and they use a lot of market strategies so that many people want to save money in banks.

[misterrtwisterr]

I wouldn't say it's wasting, but it does become pointless at a certain point, especially if you're already well settled in life. There's balance in everything.

[Alisha-k]

Being a student is really not easy, the struggles of feeding, transportation, clothing and school requirements get worse by the day. Saving isn't wasting, it has never been, you save for tomorrow.
Personally, I do not think you should save the money, if you have an idea of a good investment plan/ policy, go for it, that will serve you better.

[stomachgrowls]

Being a student is really not easy, the struggles of feeding, transportation, clothing and school requirements get worse by the day. Saving isn't wasting, it has never been, you save for tomorrow.
Personally, I do not think you should save the money, if you have an idea of a good investment plan/ policy, go for it, that will serve you better.

This is true which it is really hard to save up when you are still dependent with your parents on which getting some extra would be entirely be depending on your allowance.Most of the time you wont really be minding

much about investment when you are still on this age bracket yet the main thing would be on your mind would really be your studies.Its not really that bad for you to focus but if you are really that minding
about some future plans or you do have the intention on having that financial opportunities then its not bad to go with this path.

It is really just that there are things which do leaves you no choice but to deal with the current thing that you are dealing with.

[Cookdata]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

No troll intended my friend but I thought you should have some bitcoin considering your account has been registered since 2017!  Saving is just like doing a grant fund for banking organizations, the money they run as a business is owned by people like me, and you, they make collective donations from rich and poor and set that up with interest rate that will give you nothing at the end of the year, the banks only favor those who have big shares, the poor only suffer at their hands by saving in their custody with poor services they may debit you at the end of the day. My little already known advice, buy and hold bitcoin when the price sinks at any given opportunity.

[suzanne5223]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

No troll intended my friend but I thought you should have some bitcoin considering your account has been registered since 2017!  Saving is just like doing a grant fund for banking organizations, the money they run as a business is owned by people like me, and you, they make collective donations from rich and poor and set that up with interest rate that will give you nothing at the end of the year, the banks only favor those who have big shares, the poor only suffer at their hands by saving in their custody with poor services they may debit you at the end of the day. My little already known advice, buy and hold bitcoin when the price sinks at any given opportunity.

The longevity of an account doesn't justify the user's knowledge but I guess the user is stuck with the idea that education is the only thing to thrive in this world whereas it's all scams just like the fiat currency because most people who are Billionaires now are dropouts.
Having said that, the idea of saving fiat is a waste. Why would anyone save fiat currency when the government keeps printing more of it? It is better to invest in Bitcoin and Gold.

[Freeman66]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

No troll intended my friend but I thought you should have some bitcoin considering your account has been registered since 2017!  Saving is just like doing a grant fund for banking organizations, the money they run as a business is owned by people like me, and you, they make collective donations from rich and poor and set that up with interest rate that will give you nothing at the end of the year, the banks only favor those who have big shares, the poor only suffer at their hands by saving in their custody with poor services they may debit you at the end of the day. My little already known advice, buy and hold bitcoin when the price sinks at any given opportunity.

The longevity of an account doesn't justify the user's knowledge but I guess the user is stuck with the idea that education is the only thing to thrive in this world whereas it's all scams just like the fiat currency because most people who are Billionaires now are dropouts.
Having said that, the idea of saving fiat is a waste. Why would anyone save fiat currency when the government keeps printing more of it? It is better to invest in Bitcoin and Gold.

 I totally feel what you are passing through, I understand you very well, To be frank I wouldn't advise you to save money while there are myriads of financial problems, I would advise you save when there is much. That is when you are less expenses spree. You can save the little you can for emergency purpose. But in a situation where you don't have much please avoid saving.

[kawetsriyanto]

I wouldn't say it's wasting, but it does become pointless at a certain point, especially if you're already well settled in life. There's balance in everything.

What balance do you mean? 

Yup. It is not wasting, saving means preparing reserved money for the future.
If we have savings, we won't be confused whenever we need some money in the future. We may have urgent needs in the future, so we must spend some money at that time. That's why we must have savings to ensure that we can deal with that situation.

However, if you expect profits, you may view it as "wasting/pointless".
Saving doesn't gain profits, it is different from an investment that offers profits in the future.

[erep]

Yup. It is not wasting, saving means preparing reserved money for the future.
If we have savings, we won't be confused whenever we need some money in the future. We may have urgent needs in the future, so we must spend some money at that time. That's why we must have savings to ensure that we can deal with that situation.

However, if you expect profits, you may view it as "wasting/pointless".
Saving doesn't gain profits, it is different from an investment that offers profits in the future.

At the very least, we must have savings or investments for future emergency needs because we cannot rely on anyone to be able to lend money for urgent needs except from our own savings, so we must allocate some of the funds for savings from our monthly salary, but if we have other skills then we can allocate the salary from a side job for savings.

[Furious 7]

In conditions like this, it actually comes back to the choice whether we really want to save or invest.
Both are very good to do because apart from anything it is a good thing for future survival. It's just that maybe every action will have an impact that we will achieve. When we really want to save, the nominal amount of money we save obviously won't change in terms of nominal value, but it is possible to decrease in terms of essence, especially as the longer the price gets more expensive, but that's good enough if we still want the same results without thinking about risk. In contrast to investments, which will definitely be profitable for the future if we are right in investing, but with a note that the risk of loss also exists in this case, so we must really be able to find out what we have to invest well.

[Mahanton]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

But not in online world,right? If you do see that there are less side hustles to make some extra income physically or locally then you could always have the opt on going on online because if we do really look around on the internet then there are lots of opportunities around.It is really just a matter of time and effort for you to see those things and would act accordingly for you to have that opportunity to earn more.
Saving isnt wasting because we do know on whats the benefits of these things.It is really just that there are moments in life which there's nothing we can do on saving up more because we are still that
dependent with our parents and our money isnt really just that enough for us to have that savings that we can rely on.

[Qiubell5]

Savings will not be in vain. You can save money for a while, but I think if there is an emergency, you should definitely take the money out. It would be nice if you could use your remaining money as a small business, so you can become an additional income.

[karmamiu]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

No troll intended my friend but I thought you should have some bitcoin considering your account has been registered since 2017!  Saving is just like doing a grant fund for banking organizations, the money they run as a business is owned by people like me, and you, they make collective donations from rich and poor and set that up with interest rate that will give you nothing at the end of the year, the banks only favor those who have big shares, the poor only suffer at their hands by saving in their custody with poor services they may debit you at the end of the day. My little already known advice, buy and hold bitcoin when the price sinks at any given opportunity.

The longevity of an account doesn't justify the user's knowledge but I guess the user is stuck with the idea that education is the only thing to thrive in this world whereas it's all scams just like the fiat currency because most people who are Billionaires now are dropouts.
Having said that, the idea of saving fiat is a waste. Why would anyone save fiat currency when the government keeps printing more of it? It is better to invest in Bitcoin and Gold.

 I totally feel what you are passing through, I understand you very well, To be frank I wouldn't advise you to save money while there are myriads of financial problems, I would advise you save when there is much. That is when you are less expenses spree. You can save the little you can for emergency purpose. But in a situation where you don't have much please avoid saving.

If my account is the basis, then I should be already a hero member or a legendary member, right? I just recently came back after several years since I was also busy with my study, and yes, it's true that I have earned a decent amount before and most of those earnings went into a considerable good investment such as my computer which I was using for 5 years now and other needs. Now for the present time I could say I somehow regret it but as I've said it is a considerable good investment for me since I made use of the things I needed back then and should be grateful for that. Additionally, now what I'm really aiming is building for myself and investing while utilizing the resources that I have, because I know crypto or bitcoin is one the things that will greatly contribute me in the future. So, I do hope that I could read some of your suggestions, opinions and gain more knowledge which I literally skipped over the past few years.

[Cookdata]

If my account is the basis, then I should be already a hero member or a legendary member, right? I just recently came back after several years since I was also busy with my study, and yes, it's true that I have earned a decent amount before and most of those earnings went into a considerable good investment such as my computer which I was using for 5 years now and other needs. Now for the present time I could say I somehow regret it but as I've said it is a considerable good investment for me since I made use of the things I needed back then and should be grateful for that. Additionally, now what I'm really aiming is building for myself and investing while utilizing the resources that I have, because I know crypto or bitcoin is one the things that will greatly contribute me in the future. So, I do hope that I could read some of your suggestions, opinions and gain more knowledge which I literally skipped over the past few years.

Maybe not on your first question, your account was created way before the Merit system was introduced, if you were a Full or Senior Member on or before the 24th of January 2018, 500 merits should have been added to your account by default for every member who was already here and your merit is reading 253, I don't think you will be in Hero or Legendary at this point even your activity defined that on your profile.

As far as you used that bitcoin to get to where you are today, there shouldn't be any sort of regrets, it is a sad action done with a good purpose, this is not the time to feel awful, make use of that knowledge and buy back some bitcoin, you will enjoy the boldness of starting over in the future.

[MoonOfLife]

You should know one thing that today's billionaires are very rich, they have a lot of investments in different fields, but they always have a few savings in the bank. So if anyone says that saving is a waste, they have no money to save. And those who say they only invest without savings, I want to know, are they richer than the billionaires in the world?

[molsewid]

You should know one thing that today's billionaires are very rich, they have a lot of investments in different fields, but they always have a few savings in the bank. So if anyone says that saving is a waste, they have no money to save. And those who say they only invest without savings, I want to know, are they richer than the billionaires in the world?

I think what he meant is  , what we are doing with our own money. Some people died while writing for their salary to increase, so I think she has an emergency and willing to sacrifice his work and friends for that one. I just really hope that soon we can see that person who pick us how. For me, everyone needs saving, if you went to spend but condition yourself not to, then delayed gratification is there.

[misterrtwisterr]

Yup. It is not wasting, saving means preparing reserved money for the future.
If we have savings, we won't be confused whenever we need some money in the future. We may have urgent needs in the future, so we must spend some money at that time. That's why we must have savings to ensure that we can deal with that situation.

However, if you expect profits, you may view it as "wasting/pointless".
Saving doesn't gain profits, it is different from an investment that offers profits in the future.

At the very least, we must have savings or investments for future emergency needs because we cannot rely on anyone to be able to lend money for urgent needs except from our own savings, so we must allocate some of the funds for savings from our monthly salary, but if we have other skills then we can allocate the salary from a side job for savings.

What I meant is that you can't constrict your life experience by being too conservative with money. If you haven't read the book Die With Zero by Bill Perkins, I suggest you give it a shot. It opened a whole another perspective for me.

[MoonOfLife]

You should know one thing that today's billionaires are very rich, they have a lot of investments in different fields, but they always have a few savings in the bank. So if anyone says that saving is a waste, they have no money to save. And those who say they only invest without savings, I want to know, are they richer than the billionaires in the world?

I think what he meant is  , what we are doing with our own money. Some people died while writing for their salary to increase, so I think she has an emergency and willing to sacrifice his work and friends for that one. I just really hope that soon we can see that person who pick us how. For me, everyone needs saving, if you went to spend but condition yourself not to, then delayed gratification is there.

Saving is really important and so is investing. Our lives would be deadlocked without savings, but our life wouldn't be better without any investment. Just combine the two, both are good.
There are many people on the forum bragging that they have no savings, and they disparage people who are trying to save without investing. So I wanted to know if there is anyone richer than the billionaires out there, and they say so.

[tjtonmoy]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Study is a must in life. It builds up your future. So investing in your study is not a bad thing. It might deem like a waste when you are studying, but when you can get a job and earn, you will see how important it is. Investment plan is also a good decision for your future too. As the inflation happens every now and then, if you are saving it then yes it is a waste. Cause over time the value decreases. You can save up little by little and invest them in different places for your future. You will need a good plan for that and the ability to save up to do so. Don't put all in one place and also remember, never invest what you can't afford to lose. So save up till the day comes.

[stomachgrowls]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Study is a must in life. It builds up your future. So investing in your study is not a bad thing. It might deem like a waste when you are studying, but when you can get a job and earn, you will see how important it is. Investment plan is also a good decision for your future too. As the inflation happens every now and then, if you are saving it then yes it is a waste. Cause over time the value decreases. You can save up little by little and invest them in different places for your future. You will need a good plan for that and the ability to save up to do so. Don't put all in one place and also remember, never invest what you can't afford to lose. So save up till the day comes.

I do really disagree into those idea that studying is shit and not really that much needed considering that there are indeed people who do succeed in life on having no educational attainment but its not something recommendable because we do know that when it comes to knowledge foundation then it is really still better on having that educational degree which i do see for it to be that compulsory or really that needed.
Saving when you are still a student is really indeed that hard on which you dont really have the chance on doing it on fullswing because we do know that it is really just limited
since we are still depending on our guardians unlike when we do have our own work or job which we could be able to do so.

[suzanne5223]

The longevity of an account doesn't justify the user's knowledge but I guess the user is stuck with the idea that education is the only thing to thrive in this world whereas it's all scams just like the fiat currency because most people who are Billionaires now are dropouts.
Having said that, the idea of saving fiat is a waste. Why would anyone save fiat currency when the government keeps printing more of it? It is better to invest in Bitcoin and Gold.

 I totally feel what you are passing through, I understand you very well, To be frank I wouldn't advise you to save money while there are myriads of financial problems, I would advise you save when there is much. That is when you are less expenses spree. You can save the little you can for emergency purpose. But in a situation where you don't have much please avoid saving.

You don't feel what I am saying cause I am not talking about what I am passing through but telling people the fact about fiat currency because the government keeps printing excess currency which is making the previously printed fiat currency worthless and you can't keep saving in that same fiat currency which the banks used your money to enrich their pursue through your saving and expect a good result

[Jody.Drummer]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Study is a must in life. It builds up your future. So investing in your study is not a bad thing. It might deem like a waste when you are studying, but when you can get a job and earn, you will see how important it is. Investment plan is also a good decision for your future too. As the inflation happens every now and then, if you are saving it then yes it is a waste. Cause over time the value decreases. You can save up little by little and invest them in different places for your future. You will need a good plan for that and the ability to save up to do so. Don't put all in one place and also remember, never invest what you can't afford to lose. So save up till the day comes.

Actually investment is for us to take in the future, because if we look at it now then I will also have the same thought, why save and invest? (if there is no such thing as a future). As a student, you should be able to understand more about this (thinking about the future). Because don't we have to think ahead? and one of them is thinking about our future. I understand when someone thinks this is a taboo thing, when we still receive money from our parents, because surely what we think is when our money runs out, we just have to ask for more. But our thinking should not be that simple.

[molsewid]

Savings will not be in vain. You can save money for a while, but I think if there is an emergency, you should definitely take the money out. It would be nice if you could use your remaining money as a small business, so you can become an additional income.

But the thing is we need separate savings from emergency funds, it is different from each other we need to think that it is hard to have this both but in my own experience we need to earn more and more so we can have this both. Right now, I am just near for having a savings since I am under a lot of pressure because of my debt I really want to escape from this thing that's why I am sacrificing my sleep for me to earn and for me to have savings and emergency fund.

[og kush420]

Savings will not be in vain. You can save money for a while, but I think if there is an emergency, you should definitely take the money out. It would be nice if you could use your remaining money as a small business, so you can become an additional income.

But the thing is we need separate savings from emergency funds, it is different from each other we need to think that it is hard to have this both but in my own experience we need to earn more and more so we can have this both. Right now, I am just near for having a savings since I am under a lot of pressure because of my debt I really want to escape from this thing that's why I am sacrificing my sleep for me to earn and for me to have savings and emergency fund.

I was scammed last year and I was in huge debt. I worked like crazy for almost 6 months to pay off my debt
Rest assure that this too shall pass. Bad times does not remain forever - neither does the good time.

[tjtonmoy]

I do really disagree into those idea that studying is shit and not really that much needed considering that there are indeed people who do succeed in life on having no educational attainment but its not something recommendable because we do know that when it comes to knowledge foundation then it is really still better on having that educational degree which i do see for it to be that compulsory or really that needed.
Saving when you are still a student is really indeed that hard on which you dont really have the chance on doing it on fullswing because we do know that it is really just limited
since we are still depending on our guardians unlike when we do have our own work or job which we could be able to do so.

I may have said it wrong, which led you to understand it in a wrong way. Studying in school college is shit business, I know that very well. The education system is rotten. But I said study. And what I meant by that is, in order to gain knowledge, you need to study. The basics of any knowledge comes from studying. Other thing we learn from our life. And knowledge is an asset which will be with you till you die. I don't disagree with you on the fact that those who don't study aren't successful, but at a point in their life they did learn the basics from studying. And i am not suggesting to spend all of his money in study. Just keep your degree for your back-up plans. It's never worthless IMO.

[rahmad2nd]

In conditions like this, it actually comes back to the choice whether we really want to save or invest.
Both are very good to do because apart from anything it is a good thing for future survival. It's just that maybe every action will have an impact that we will achieve. When we really want to save, the nominal amount of money we save obviously won't change in terms of nominal value, but it is possible to decrease in terms of essence, especially as the longer the price gets more expensive, but that's good enough if we still want the same results without thinking about risk. In contrast to investments, which will definitely be profitable for the future if we are right in investing, but with a note that the risk of loss also exists in this case, so we must really be able to find out what we have to invest well.

Yes, we agree. basically, both have their own interests and advantages apart from the pluses and minuses. Having savings will be very useful, especially in times of emergency. can also be used as a backup for something other needs. most importantly, we must have a goal in advance what we are saving for.

Meanwhile, investing is just as important. but what people rarely realize is, that investing has risks regardless of the type of investment. because after all, without sufficient knowledge and insight, investing can be a mistake, if not in the place or field. that is why, when you are about to start investing, at least someone already knows what he is going to invest. whether it's knowledge, insight, or all kinds related to the investment. also, the risks involved therein. for me, saving and investing are just as important especially for those of us who are involved in this industry.

[Woodie]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education.

Life was never meant to be easy, from the set goal where life begins it all started with a race to survival, then here in the animal kingdom they say survival of the fittest, and this experience you are going through can be treated like a training ground to prepare you for the real world out there financially, emotionally, mentally etcetera..

I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies.

Let's say it as it is, you can only save & invest when you have surplus resources not when these are in limited supply, what happens if you invest and your needs require some funds to be sorted out...all the time and resources that you put in that investment will be all for nothing best option is to set aside an emergency fund as you might know what tomorrow holds.

I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

21 first century jobs have evolved, it's not always about the white color jobs anymore, you could get into the gig economy by learning some kind of skills say photoshop, art, article writing etc, and get jobs on fiverr or something and you will be paid for it... don't say "there are limited side hustles " you could be looking in the wrong direction...Good luck.

[Nwada001]

Since you are a student and you need money all the time to foot school bills and your personal expenses, if you have settled your time-pressing needs and have a little left over, that is what you are thinking of saving or investing in. You should always consider some things first before making any of these decisions: how long can you manage without those funds, and as you have said you hardly see side hustles to fetch you a small income, do you have sponsorship? If you are to invest this money, it will take some time before your investment can give you some profit, and sometimes you might be in need of funds before the exact time of your ROI. Or let's say you invested in crypto, and tomorrow when you need your capital to use it and settle some problems, you sometimes notice that the price at which you purchased it and the price at which you want to sell it are not the same, and because you are in need of money, you can sell in a hurry and record some loss instead of gain. For me, the best option here is for you to save, so you can get your hands on that cash whenever you need it to foot your bills. 

[EarnOnVictor]

In conditions like this, it actually comes back to the choice whether we really want to save or invest.
Both are very good to do because apart from anything it is a good thing for future survival. It's just that maybe every action will have an impact that we will achieve. When we really want to save, the nominal amount of money we save obviously won't change in terms of nominal value, but it is possible to decrease in terms of essence, especially as the longer the price gets more expensive, but that's good enough if we still want the same results without thinking about risk. In contrast to investments, which will definitely be profitable for the future if we are right in investing, but with a note that the risk of loss also exists in this case, so we must really be able to find out what we have to invest well.

Regardless of the angle at which we are looking at savings, it's not totally useless, it's good, but we should know the proportion that is good for savings. Savings is good, and so is an investment, and there are savings that are automatically investments too, so it depends. Also, there are investments that end in losses, so we should not be too strict about this.

In both savings and investments, we should carry out thorough learning to ascertain we know what we are doing. If you are good with investments, you make money, and you need savings for other goals.

[Obari]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

But what really is the purpose of saving?
From my view, the major reason we should save money is so that money can save us when the time comes and you could save money today and tomorrow be in critical need of it and there is nothing wrong with using it for the right purpose without exhausting all of the money the previous day. People with their interpretation of things actually makes life easy for the common man who is trying to make ends meet and trying to keep up with thread.

I'm sorry for your country but there are already several opportunities online such as affiliate marketing, freelancing and lots more of them and you should also try as much as possible to take life and things easy as we're all passing through the life.

[minime0105]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving always helps for improvement that leads to achieve you goals, which is been calculated, and secondly their is different between saving and investing, for the savings part, you can't have an increment whatever you store is what that will remain, why for investment you can make a profit with same amount of money you save, but the disadvantages that is involve for investment is that it can go against the market any day and any time and you get lost, not all investment that gives positive return.

[karmamiu]

If my account is the basis, then I should be already a hero member or a legendary member, right? I just recently came back after several years since I was also busy with my study, and yes, it's true that I have earned a decent amount before and most of those earnings went into a considerable good investment such as my computer which I was using for 5 years now and other needs. Now for the present time I could say I somehow regret it but as I've said it is a considerable good investment for me since I made use of the things I needed back then and should be grateful for that. Additionally, now what I'm really aiming is building for myself and investing while utilizing the resources that I have, because I know crypto or bitcoin is one the things that will greatly contribute me in the future. So, I do hope that I could read some of your suggestions, opinions and gain more knowledge which I literally skipped over the past few years.

Maybe not on your first question, your account was created way before the Merit system was introduced, if you were a Full or Senior Member on or before the 24th of January 2018, 500 merits should have been added to your account by default for every member who was already here and your merit is reading 253, I don't think you will be in Hero or Legendary at this point even your activity defined that on your profile.

As far as you used that bitcoin to get to where you are today, there shouldn't be any sort of regrets, it is a sad action done with a good purpose, this is not the time to feel awful, make use of that knowledge and buy back some bitcoin, you will enjoy the boldness of starting over in the future.

Well, I don't exactly know when was the last time I posted but as far as I can remember I was already a senior member when I returned with almost 600 activities. Maybe it is due to some threads that are cleansed before and TBH I wasn't really keen on ranking up that time coz I was mainly focused on maintaining my unburst post along with being busy at school. I was also actively participating with some campaigns before lead by yahoo.

Yeap I totally agree with you, it was a big lesson for me to learn not a regret coz I did it also for my own good. Thanks for giving me unbiased advise.

[Westinhome]

For students it’s essential one to make the savings.Because after graduation you need some money for the business.Not all the people get job after the graduation,So life became very tough after graduation.Start with 10$ for savings,then increase the savings to 1k dollars.Then use that money in crypto trading to multiple the money and use that money for business.Because business will be the best for the youngsters for long run.

[S A KHAIR]

For students it’s essential one to make the savings.Because after graduation you need some money for the business.Not all the people get job after the graduation,So life became very tough after graduation.Start with 10$ for savings,then increase the savings to 1k dollars.Then use that money in crypto trading to multiple the money and use that money for business.Because business will be the best for the youngsters for long run.

Strictly speaking, saving is something that students need to do during school time because it will be very useful after graduation. At that time not everyone will find a job and there will be a lot of expenses to pay when you graduate. Investment is not a priority, but saving is much better for students.

[panganib999]

Definitely a discussion that warrants some talking to. As a former broke student your ability to save is directly correlated to how much you have, because let's face it, every single college student who doesn't have rich parents or a well-established wealth fund is frugal enough to survive in this hellhole. It all depends on how much money you have that you can save. Honestly speaking, I would really suggest you save first on your emergency funds rather than go ham on investments because you can easily do those when you're already earning more than what you have right now, while it is not unbeknownst to us that health risks happen at any day and age, doesn't matter if you're a student or a salaryman already, but it surely does hurt when you're still a student. In that regard, I think saving for emergency funds is much better considering your age.

[dzonikg28]

Definitely a discussion that warrants some talking to. As a former broke student your ability to save is directly correlated to how much you have, because let's face it, every single college student who doesn't have rich parents or a well-established wealth fund is frugal enough to survive in this hellhole. It all depends on how much money you have that you can save. Honestly speaking, I would really suggest you save first on your emergency funds rather than go ham on investments because you can easily do those when you're already earning more than what you have right now, while it is not unbeknownst to us that health risks happen at any day and age, doesn't matter if you're a student or a salaryman already, but it surely does hurt when you're still a student. In that regard, I think saving for emergency funds is much better considering your age.

At the same time there is no better opportunity than risking something when your responsibilities are still at their lowest. I do agree that you should of course be able to pay for health insurance, but if you wait too long with taking risks I can tell you that new responsibilities come into play that could again keep you from taking risks. You need to strike the right balance here.

When you say you also used to be a broke student, I think that is a major problem. Education is expensive in many places around the world and usually it is so expensive that you have to get into debt deeply. Yes it is an investment in the future, but simultaneously it somewhat narrows down your options as you can't wait and see, but often times have to pay back right when you finish your studies.

The institutional environment is built that way. In order to take on certain jobs, you have to have a degree, and therefore you have to pay tuition fees and get into debt if your parents are poor. That is why I really like the freely available information and education on the Internet, but that still doesn't get you the degree you perhaps need in order to pursue one of your dream jobs.

A smart investment can put you into a decent position for the future. But again, there are basic needs that you should still be able to cover.

[Lida93]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

How sympathetic this situation is, it's like trying to kill two birds with one stone simultaneously. You having the thought of putting down an investment for yourself while still in school so by the time you must have been done with you would have something to start up with while hunting for a good job. But on the other hand, school can be so demanding and saving to keep for any emergency demands from school is quite superb as lack of money can lead to extra year(s) in school.
In my opinion among these two options you should just focus your financial on pushing yourself through school and get finished with it then investment can then come in, possibly you might even be with a  good job and invest better and bigger.

[Ryu_Ar1]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving always helps for improvement that leads to achieve you goals, which is been calculated, and secondly their is different between saving and investing, for the savings part, you can't have an increment whatever you store is what that will remain, why for investment you can make a profit with same amount of money you save, but the disadvantages that is involve for investment is that it can go against the market any day and any time and you get lost, not all investment that gives positive return.

Actually in terms of conditions as a whole I think the similarity is in saving because indeed both investment and savings both refer to one thing, namely setting aside money for the future or it can be said as old age.
The difference is only in the risk conditions as you say. Investing clearly has quite a high risk, it's just that it's directly proportional to the results we have if indeed our investment is successful.
As for savings, the risk is only in a condition where the value is getting weaker and weaker, but in terms of nominal or the amount of money we save, it is still the same, not reduced.

[Desmong]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

saving is not a waste if time. It all depends on what you are saving for so that you will know how you are going to plan it so that you will not end up losing all your money. There are some savings that are a big risk and if you do it you might land in the hospital because you will be very angry why and how you lose that kond of money without knowing.

[DiMarxist]

Savings in not waste of time, it's depends on what you are saving for.If you are doing savings without any purpose, then it's waste and if you are doing saving  for a purpose then it not waste.like for example when you're saving bitcoin in a long-term.you are saving it because he believes that one day Bitcoin will be in bull market for him earn enough money to become a rich boy/girl.then if you save money,let me say you are saving the money to further your education and feeding,any time you want to use it in unnecessary things you will think that you are saving the for a purpose,so I don't think saving of is not waste.unless you don't no you what are saving the money for,that where you will waste it.saving is one of the best thing that help person in life,if you save it in a  purpose.so if you doing saving save it well it will help tomorrow and in the future.

[erep]

Actually in terms of conditions as a whole I think the similarity is in saving because indeed both investment and savings both refer to one thing, namely setting aside money for the future or it can be said as old age.
The difference is only in the risk conditions as you say. Investing clearly has quite a high risk, it's just that it's directly proportional to the results we have if indeed our investment is successful.
As for savings, the risk is only in a condition where the value is getting weaker and weaker, but in terms of nominal or the amount of money we save, it is still the same, not reduced.

At least we can save gold if we avoid the risk of crypto investment and don't save local currency in the long term because inflation will have an impact on the value of the currency to be low. But if in the future you want to convert your savings into bitcoin investment then make sure to buy to use the DCA strategy at a lower price and to get maximum profit you must hold the bitcoin portfolio in the long term to avoid external influences on fud that make our investment decisions change.

[Mahanton]

Actually in terms of conditions as a whole I think the similarity is in saving because indeed both investment and savings both refer to one thing, namely setting aside money for the future or it can be said as old age.
The difference is only in the risk conditions as you say. Investing clearly has quite a high risk, it's just that it's directly proportional to the results we have if indeed our investment is successful.
As for savings, the risk is only in a condition where the value is getting weaker and weaker, but in terms of nominal or the amount of money we save, it is still the same, not reduced.

At least we can save gold if we avoid the risk of crypto investment and don't save local currency in the long term because inflation will have an impact on the value of the currency to be low. But if in the future you want to convert your savings into bitcoin investment then make sure to buy to use the DCA strategy at a lower price and to get maximum profit you must hold the bitcoin portfolio in the long term to avoid external influences on fud that make our investment decisions change.

Some people been suggesting on accumulating gold or making it as an investment, cant really deny that value do goes up higher as years passing but we know that there are other alternatives which we could really be adding up on where it could give out chance for us to earn more on upcoming years to come.As much as we could we should be finding ways for us to have other sources of income so that we could really be
able to provide on what we are needing in terms of finances.Savings does play a crucial role into our lives it isnt really just for emergency purposes but also for funding up for some potential
investment or business that we could possibly involved into.

[Cookdata]

Actually in terms of conditions as a whole I think the similarity is in saving because indeed both investment and savings both refer to one thing, namely setting aside money for the future or it can be said as old age.
The difference is only in the risk conditions as you say. Investing clearly has quite a high risk, it's just that it's directly proportional to the results we have if indeed our investment is successful.
As for savings, the risk is only in a condition where the value is getting weaker and weaker, but in terms of nominal or the amount of money we save, it is still the same, not reduced.

At least we can save gold if we avoid the risk of crypto investment and don't save local currency in the long term because inflation will have an impact on the value of the currency to be low. But if in the future you want to convert your savings into bitcoin investment then make sure to buy to use the DCA strategy at a lower price and to get maximum profit you must hold the bitcoin portfolio in the long term to avoid external influences on fud that make our investment decisions change.

Buying and keeping your money in gold is not considered as saving, that is an investment because it's an item that worth the value of your money, you may wish to redeem it into physical money or fiat to get profit or decide to sell it into loss, which ever you have at the end of the day, it will be considered as investment profits or loss. However, saving is one of the traditional or conventional way people love to keep their money and anticipation to use it tomorrow, the banks adopted this system and decided to use it as a financial tool to get money from people with little to none interest rate but inflation has  proven  it that it's a big mistake to save money, it will only induced low purchasing power after a while which is a bad the people.

[milewilda]

Actually in terms of conditions as a whole I think the similarity is in saving because indeed both investment and savings both refer to one thing, namely setting aside money for the future or it can be said as old age.
The difference is only in the risk conditions as you say. Investing clearly has quite a high risk, it's just that it's directly proportional to the results we have if indeed our investment is successful.
As for savings, the risk is only in a condition where the value is getting weaker and weaker, but in terms of nominal or the amount of money we save, it is still the same, not reduced.

At least we can save gold if we avoid the risk of crypto investment and don't save local currency in the long term because inflation will have an impact on the value of the currency to be low. But if in the future you want to convert your savings into bitcoin investment then make sure to buy to use the DCA strategy at a lower price and to get maximum profit you must hold the bitcoin portfolio in the long term to avoid external influences on fud that make our investment decisions change.

Buying and keeping your money in gold is not considered as saving, that is an investment because it's an item that worth the value of your money, you may wish to redeem it into physical money or fiat to get profit or decide to sell it into loss, which ever you have at the end of the day, it will be considered as investment profits or loss. However, saving is one of the traditional or conventional way people love to keep their money and anticipation to use it tomorrow, the banks adopted this system and decided to use it as a financial tool to get money from people with little to none interest rate but inflation has  proven  it that it's a big mistake to save money, it will only induced low purchasing power after a while which is a bad the people.

Totally really different and its some misconception to other people on having that kind of belief or mindset on which they are really that saving up some money.Unless if you do it on fiat then its considered one but if not then it would neither be a business or investment that you are been holding off.This is why they do really differ when it comes to risks which we know that pure savings in fiat or whatever stable value it would be have zero risk but of course inflation is there, so its not really that totally zero. Speaking about savings then some do able to do so and some arent because of such insufficient income that they do have.
They cant able to save up that much or cant happen due to those circumstances and this is why they do missed out that opportunity.

[fuguebtc]

Actually in terms of conditions as a whole I think the similarity is in saving because indeed both investment and savings both refer to one thing, namely setting aside money for the future or it can be said as old age.
The difference is only in the risk conditions as you say. Investing clearly has quite a high risk, it's just that it's directly proportional to the results we have if indeed our investment is successful.
As for savings, the risk is only in a condition where the value is getting weaker and weaker, but in terms of nominal or the amount of money we save, it is still the same, not reduced.

At least we can save gold if we avoid the risk of crypto investment and don't save local currency in the long term because inflation will have an impact on the value of the currency to be low. But if in the future you want to convert your savings into bitcoin investment then make sure to buy to use the DCA strategy at a lower price and to get maximum profit you must hold the bitcoin portfolio in the long term to avoid external influences on fud that make our investment decisions change.

Buying and keeping your money in gold is not considered as saving, that is an investment because it's an item that worth the value of your money, you may wish to redeem it into physical money or fiat to get profit or decide to sell it into loss, which ever you have at the end of the day, it will be considered as investment profits or loss. However, saving is one of the traditional or conventional way people love to keep their money and anticipation to use it tomorrow, the banks adopted this system and decided to use it as a financial tool to get money from people with little to none interest rate but inflation has  proven  it that it's a big mistake to save money, it will only induced low purchasing power after a while which is a bad the people.

I agree with you, holding gold is not saving, it is an investment. But as you say, saving is a big mistake and waste. And you have no savings, only investments? And I want to know how you do in emergencies when you have no savings, and what do you do when the investment fails? In 2022, inflation affected everything, bitcoin lost more than 80% of its value, and tech stocks also dropped 30-50%, I really want to know how you lived without savings.
Savings and investments are both important and there is no winner in comparison.

[AnonBitCoiner]

Saving is not wasting of time but the main thing is the selection of stable coin. One more thing is that you are student so when you involved in investment then you would not maintain your study which will be your big mistake. Education is necessary because there is not limitation of age for investment. First complete your study then surely involve in crypto trading.

But if you want to save money then save your money in Bitcoin for at least 3 or 4 year it will boost in price and you will be benefited from it. If you save it for future without investment then it will not increase but investment in Bitcoin can give you huge money in return. The market is not trustable so put money in Bitcoin and leave it for some years, after some years it will be perfectly boost up so take your advantage easily but first focus on study is important.

[Inwestour]

Saving is not wasting of time but the main thing is the selection of stable coin. One more thing is that you are student so when you involved in investment then you would not maintain your study which will be your big mistake. Education is necessary because there is not limitation of age for investment. First complete your study then surely involve in crypto trading.

But if you want to save money then save your money in Bitcoin for at least 3 or 4 year it will boost in price and you will be benefited from it. If you save it for future without investment then it will not increase but investment in Bitcoin can give you huge money in return. The market is not trustable so put money in Bitcoin and leave it for some years, after some years it will be perfectly boost up so take your advantage easily but first focus on study is important.

It is difficult to save during student years, because it is not so easy to study and work, it is a little easier when there is a scholarship, but this is not a lot of money and therefore it is a very difficult task to save what significant funds in student years.

Studying should be a priority, as a good education can give you a better job with a better salary. Therefore, education is an investment in yourself that will help you earn more income in the future.

And when you have a good job with a good salary, you will be able to save more and thus be able to allocate more money to invest.

[AicecreaME]

Saving is not wasting, but wasting the money you save on things that you only wants is a different thing. If you are dedicated to finish your study, then do it, if you're not happy with it then stop it, find what makes you happy instead. I'm not against having a degree to find a great job but sometimes it is not for everyone. A diploma alone can't guarantee you a great future if you don't know how to apply it in your real life.

And having no diploma doesn't also mean that your life is already wasted. It all depends on you, on how you're going to find something outside the box, like starting a business or maybe start being a freelancer. Trust me, online jobs pays a lot without asking too much educational requirements, so always go out from your comfort zone. Don't be afraid to try new things.

[Minecache]

Saving is not wasting of time but the main thing is the selection of stable coin. One more thing is that you are student so when you involved in investment then you would not maintain your study which will be your big mistake. Education is necessary because there is not limitation of age for investment. First complete your study then surely involve in crypto trading.

But if you want to save money then save your money in Bitcoin for at least 3 or 4 year it will boost in price and you will be benefited from it. If you save it for future without investment then it will not increase but investment in Bitcoin can give you huge money in return. The market is not trustable so put money in Bitcoin and leave it for some years, after some years it will be perfectly boost up so take your advantage easily but first focus on study is important.

As Cookdata said, even if you hold gold, you can't call it savings, bitcoin can't be called savings, and bitcoin is a risky investment. As a student, OP can still invest but depending on his circumstances, but in my opinion, students should have savings rather than an investment, as there is no guarantee that the investment will not lose. Do not forget that, in investment should only invest with money that can be lost, if you do not have idle money, you should not invest.

[Negotiation]

Saving is not a waste by saving a student saves some for future but saving with bitcoin is very different. Bitcoin is generally more popular for investment the market does not stay in one place so no one can say when to go in which direction for investment. If the price falls then the value of the invested money will decrease so it is better to choose different money for investment and avoid investing the money of savings.

[og kush420]

Saving is not a waste by saving a student saves some for future but saving with bitcoin is very different. Bitcoin is generally more popular for investment the market does not stay in one place so no one can say when to go in which direction for investment. If the price falls then the value of the invested money will decrease so it is better to choose different money for investment and avoid investing the money of savings.

I think one should save, but not make life difficult for themselves.
Life is so unpredictable - you never know what is coming up next after the recent earthquake - I think making a home and saving too much should never be a priority.

[Doan9269]

Nothing i wasted when you decided yo invest or to save up your money, but more interestingly it's better to invest on a profitable investment as an asset, we also need to be careful on the kind of investment we made, some of them will end up taking money from us instead of adding to it, any wrong investment made is as a waste of money and nothing more, we must be careful abd observe well before taking a decision on what to do.

[Bialke]

all your spending on education is an investment in your future. You should never postpone or cut back on your education.

Saving is wasting because every year fiat always inflated

Always remember you do learn life-long. So also your education is inflating.

---

You do not need to save. You need a niche! A no investment investment. Arbitrage with lended assets/goods/whatever f.E..

[johnsaributua]

School, in my opinion, is also a long -term investment, you can get capital to get the idea of making jobs for others. Try to see how company owners on the internet, platforms or software. How are they prosperous?

That's a process, I also have a lecture to stop because of the necessities of life and many factors. Fairly married and have offspring certainly adds to the costs that I should allocate for lectures [continuing semester 8]

If one day I got my funds I would allocate for my education again. Certainly after I paid off my debt demands.

According to me you get additional in this forum is very possible without taking your savings completely. There are also many in my country a student has the determination to become an online course promoter [utilizing from your knowledge, maybe 1 major that can help younger siblings whose schools are still basic] Many platforms that support to produce dollars. or other currencies. There are those who suggest that investment is a choice, it means that there may be a distance of time to produce ROI and I think it will increase work faster than just investment and expect a lot of results and faster.

But your choice for college and education is very appropriate. 1 sentence that you get from as a student will be able to build a country, especially in terms of economy etc. of those who use your knowledge.

[andriarto]

Nothing i wasted when you decided yo invest or to save up your money, but more interestingly it's better to invest on a profitable investment as an asset, we also need to be careful on the kind of investment we made, some of them will end up taking money from us instead of adding to it, any wrong investment made is as a waste of money and nothing more, we must be careful abd observe well before taking a decision on what to do.

we should invest in areas that we understand, otherwise we may suffer losses because of it. therefore it is hoped that after understanding it, you will get the profit as expected. saving is also not something wrong, depending on the goal. when we save and just for holding money so that when we get a sudden need we can immediately use it to overcome it. but if saving for the long term maybe this is not quite right, because inflation is always a threat

[Pujangga]

That's right, saving is wasting, when we save money what happens is our money decreases due to many factors, within a year we only get about 8% interest and around 5% bank fees so we get an additional 3% but we have to be sad because inflation is over 5% so saving money in the bank then we lose at least 2% per year.

[BVeyron]

That's right, saving is wasting, when we save money what happens is our money decreases due to many factors, within a year we only get about 8% interest and around 5% bank fees so we get an additional 3% but we have to be sad because inflation is over 5% so saving money in the bank then we lose at least 2% per year.

The actual problem in this question is about wasting what? If a person's dream needs collecting a bit of funds, then saving is not wasting, and if saving every cent of income doesn't have psychological effect, then its truly a wasting strategy. Also the problem is how much a person saves from his/her income: if the sums he get will bring him what is desired in a couple of decades, then its more close to wasting time and money: under these circumstances inflation is the factor which diminishes all the savings with time... And if a dream needs saving for a year or two, then I assume its worth it...

[soramon]

I think it is matter of purpose. If you dont have any purpose or you just want have emergency fund saving is the answet. As long as you can make money by doing work while finishing your education it is totally fine. You can start investing after you graduate and having a good job.

[mm2543363580]

Nothing i wasted when you decided yo invest or to save up your money, but more interestingly it's better to invest on a profitable investment as an asset, we also need to be careful on the kind of investment we made, some of them will end up taking money from us instead of adding to it, any wrong investment made is as a waste of money and nothing more, we must be careful abd observe well before taking a decision on what to do.

we should invest in areas that we understand, otherwise we may suffer losses because of it. therefore it is hoped that after understanding it, you will get the profit as expected. saving is also not something wrong, depending on the goal. when we save and just for holding money so that when we get a sudden need we can immediately use it to overcome it. but if saving for the long term maybe this is not quite right, because inflation is always a threat

Now in current time where currency is devaluating and inflation is uncontrollable the concept of saving is totally purposeless and damaging . Instead of saving gor for investing your money in some profitable venture to get good returns in time of need and use your money for beneficial things .
Mindless saving is not good In recent times.

[benalexis12]

Being a student is really difficult, especially since you are the one supporting yourself so that you can provide for all your needs during your studies. Of course, what is your priority is what you should do first and always find a way.
Now, if you have extra money, use it to invest in bitcoin or cryptocurrency so that somehow you have some savings.
And besides, you know what you are entering here in this field of business industry anyway, isn't that right?

[Farma]

Nothing i wasted when you decided yo invest or to save up your money, but more interestingly it's better to invest on a profitable investment as an asset, we also need to be careful on the kind of investment we made, some of them will end up taking money from us instead of adding to it, any wrong investment made is as a waste of money and nothing more, we must be careful abd observe well before taking a decision on what to do.

yes, saving is not purely in vain, because basically it is saving. There are many advantages of saving the money we have. it's just that, the money we save, its value will decrease because of many things. it might be different if you have a few percent saved, and a few percent invested, that might be better, because you can use your saved money as you need anytime, like an emergency fund, and and your investments will add to the money you have if you manage to find good investments .

[Marvell1]

Saving will never be able to produce anything, now we are familiar with cryptocurrencies that we can use as a means to get large income, saving will only make the banks bigger and make us poorer. The ratio between those who save money in banks and those who provide credit is so far away that saving money in banks will not increase.

But investing is also risky, there is no guarantee that the investment will always generate a return without risk. Saving and investing are two essential things if we want to live a proactive life in all circumstances. But investing also has certain risks, so I think it is better to set up savings first because life will have unforeseen events. Investment should be made only when we have extra money, we should not borrow or invest with money that cannot be lost.

[cryptoknightt]

Saving without a clear goal sometimes makes us confused to determine what exactly to save, first determine the purpose of saving for what investment maybe or other things like desired goods so that there is a reference for saving but saving money for emergency needs is very important because in truth how far we are sure with a condition no one can predict the future

[Joshapat]

When we save, we will not get any benefits, this is because there are no banks that dare to provide high interest, of course, we must leave the savings immediately and switch to investing, maybe we have to be brave to take risks but invest in crypto if we can be patient then we will get big profits.

[CODE200]

Saving without a clear goal sometimes makes us confused to determine what exactly to save, first determine the purpose of saving for what investment maybe or other things like desired goods so that there is a reference for saving but saving money for emergency needs is very important because in truth how far we are sure with a condition no one can predict the future

I guess thats one big destruction that stops people to save because they dont know where to use it. Most of the time i knew people who do saving because they want to achieve something like buying stuffs they really want which is expensive that they cant afford to buy in a short period of time. anyway saving is not wasting as long as you have a goal where to use it. If you are smart enough and dont want to suffer in the future, you will start saving now also for emergency purpose. Just imagine something bad happen and you need huge amount of money then where are you going to get it unlike when you have saving you dont need to worry more.

[Jamala]

Well, this depends on currency and what you're saving? Most currencies from third world countries lose their values almost daily, and saving in such currencies means you'll lose the values of your investment as time passes. But if you save in real estate and precious metals, it wont amount in wastage.

[karmamiu]

When we save, we will not get any benefits, this is because there are no banks that dare to provide high interest, of course, we must leave the savings immediately and switch to investing, maybe we have to be brave to take risks but invest in crypto if we can be patient then we will get big profits.

Let's assume you will put your money on the bank and you will earn at least 3% interest annually. While you are expecting your money is safe, the banks will use your money to people looking for loans and the banks will give them 3-6 months time to pay with the same 3% interest. So in short, the interest rate that the banks pay to you are ones taken from whom they lend the money. Now, the banks earned 3% while doing nothing, and you at the same time is happy since your money is secured in the hands of banks. Also you must keep in mind that you will be deducted with the tax and your transaction fees, while those on the banks? No, they don't have to mind the tax, and if there's a situation where they need to pay tax, they'll just let other people pay for those tax without even doing anything.

[I_RodimusPrime]

I know Being a student is very difficult today because I'm also a student. After covid everything is twice the price where I lived and my university fees also become twice. I wish always that I have won the lottery. Because my job's salary is only enough to cover the day-to-day food and travelling cost. So I do web development as a freelancer. Every penny that I earn from freelancing goes into a saving account with a higher interest rate (24-25% interest yearly). Because I know every day is not Christmas, and there will be hard days/periods in life. But in the end, If someone is asking me if am I happy in this situation and I say totally yes. Because I invest in myself and I know one day this education or knowledge will save me from all the troubles. So remember education is always bigger than any investment and it can't steal by anyone from you.

But as in your situation, it might be best to focus on building an emergency fund through savings first of all. Once you have a sufficient fund then focus on different investment options that suit your financial goals and risk. Remember to start small and take calculated risks always. If you don't have experience seek the advice of a financial expert or a trusted friend or family member who has experience in investing. Maybe this forum will also help you in this matter because there are good people here.

What I want to tell you is never thought spending money on education is a waste. So don't give up. Because good education always is the key to your success.

[Twentyonepaylots]

Saving will never be able to produce anything, now we are familiar with cryptocurrencies that we can use as a means to get large income, saving will only make the banks bigger and make us poorer. The ratio between those who save money in banks and those who provide credit is so far away that saving money in banks will not increase.

But investing is also risky, there is no guarantee that the investment will always generate a return without risk. Saving and investing are two essential things if we want to live a proactive life in all circumstances. But investing also has certain risks, so I think it is better to set up savings first because life will have unforeseen events. Investment should be made only when we have extra money, we should not borrow or invest with money that cannot be lost.

I agree since I think Saving and Investing have different uses and it is both important to have. Saving is important to be allocated to things that is essential such as emergency funds and targeting on buying something. There is no increase of monetary value in saving since little interest of percentage is mostly given by banks; it is just what you put into savings. Investing is different since it is risky to take since there is no guarantee for returns. I agree that you should engage in investments when you are secured with your variety of saving accounts and you have extra money that you can risk without compromising your basic needs. So, both is really vital and you could start with savings and try to invest in the future.

[Crypto5060]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

[bestcoins1]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

The parable is the faster someone moves to do something, the faster he understands something. If in this case you intend to advise someone on an investment, I think it is right to use some percentage of the money you have saved, because it will also be better for him as long as he is very understanding of the risks.

But if he still doesn't really understand the risks and places to invest better, it is also highly recommended for everyone to find out these two things before immediately deciding to invest. Because a good investment is in a place that is really safe and really good and is also carried out in the long term so that the income can be felt more satisfactorily.

[wahyuagung26]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

Investment and saving are broadly two different things, and we should have both, in savings/savings we should take a little or half of our savings to invest, but investing is a job that has risks and of course if we want to do Our investments must be demanded to be prepared with all the risks that exist, therefore it is very important to understand the risks of investing and this is where there may be a few obstacles for a student, management is very important here.

But if he still doesn't really understand the risks and places to invest better, it is also highly recommended for everyone to find out these two things before immediately deciding to invest. Because a good investment is in a place that is really safe and really good and is also carried out in the long term so that the income can be felt more satisfactorily.

I think this is more focused on investments that are already very trusted, in general I am more dominant in Bitcoin, of course they know about Bitcoin, and I think this is the most dominant place for people to choose and it is safe to invest. After all, investing in Bitcoin is highly recommended in the long term, the risk is also smaller than in some other places, fully Bitcoin so far it is still very safe to make a place to invest.

[Inwestour]

But if he still doesn't really understand the risks and places to invest better, it is also highly recommended for everyone to find out these two things before immediately deciding to invest. Because a good investment is in a place that is really safe and really good and is also carried out in the long term so that the income can be felt more satisfactorily.

All investments cannot be profitable, it also happens that an investment can be unprofitable or not bring any profit, but there are those that bring good profits, the average return on investments comes out good. In this regard, savings is not the worst option, since this will be our reserve capital, which an experienced investor will always find where to apply.

Savings is what allowed me to create a start-up capital and start investing, so I will never consider it a waste of my time. I'm happy for people who have money to invest, but I had to start from scratch and that was a viable option for me.

[Theones]

But if he still doesn't really understand the risks and places to invest better, it is also highly recommended for everyone to find out these two things before immediately deciding to invest. Because a good investment is in a place that is really safe and really good and is also carried out in the long term so that the income can be felt more satisfactorily.

All investments cannot be profitable, it also happens that an investment can be unprofitable or not bring any profit, but there are those that bring good profits, the average return on investments comes out good. In this regard, savings is not the worst option, since this will be our reserve capital, which an experienced investor will always find where to apply.

Savings is what allowed me to create a start-up capital and start investing, so I will never consider it a waste of my time. I'm happy for people who have money to invest, but I had to start from scratch and that was a viable option for me.

Saving is good - but one should not save more than that is needed.
One should live a good life and have some emergency  fund to payoff the bills during the time of need.

[Unbunplease]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I don't think you have a lot of money, so there's not much point in saving it - inflation does its dirty work, and purchasing power is losing every day. The most sensible thing to do is to find a more or less reliable investment option. Do not immediately chase a large profit - first you need to find an income option, and then think about increasing the profits.

[ChiBitCTy]

First off, make sure when it comes to financial advice you're getting it from someone who's qualified to do so.  As a financial advisor I (like for most others here) am always willing to lend a hand. 

There's a lot of factors that come in to play here, so without asking more question I (nor anyone else) can give you sounds advice/suggestions. 

That being said, from just what little I know about you and your situation..being in college I wouldn't worry too much about your long term savings.  Unless you're older, you've got a lifetime to make money to save for retirement.  Keep some savings on the side in case something happens (try to shoot for 3 months worth of living money) and the rest should go towards your daily spending/paying back your student loans (if you have any)...

Again..I , nor anyone else can give you proper suggestions without knowing more.

[dunfida]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I don't think you have a lot of money, so there's not much point in saving it - inflation does its dirty work, and purchasing power is losing every day. The most sensible thing to do is to find a more or less reliable investment option. Do not immediately chase a large profit - first you need to find an income option, and then think about increasing the profits.

Inflation is inevitable and its understandable that on the time that you do need to consider out on having that investment on which saving up tons in bank wont really be that a good idea which same as you said that buying power do becomes even more lesser as the time go forwards.Im not saying that saving is indeed wasting but we shouldnt really be focused on saving up purely or 100% because we know on what
are the disadvantages when it comes to this manner. You should be wise on making out diversification as much as possible because with this you could be able to sustain no matter how
bad the inflation would be on the future years to come.

[slapper]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I don't think you have a lot of money, so there's not much point in saving it - inflation does its dirty work, and purchasing power is losing every day. The most sensible thing to do is to find a more or less reliable investment option. Do not immediately chase a large profit - first you need to find an income option, and then think about increasing the profits.

Inflation is inevitable and its understandable that on the time that you do need to consider out on having that investment on which saving up tons in bank wont really be that a good idea which same as you said that buying power do becomes even more lesser as the time go forwards.Im not saying that saving is indeed wasting but we shouldnt really be focused on saving up purely or 100% because we know on what
are the disadvantages when it comes to this manner. You should be wise on making out diversification as much as possible because with this you could be able to sustain no matter how
bad the inflation would be on the future years to come.

It's mind-blowing what you said about how inflation cannot be halted, buddy. The well-known Greek philosopher Heraclitus reportedly remarked that "Change is the only constant in life." Another shift that we must come to terms with in order to survive is inflation. It is wise and advantageous that you have a plan to adjust things in order to withstand the storm. Instead of leaving it in the hands of the powerful, let's take charge of our finances. To demonstrate that we can succeed even when awful things happen, we will invest our money in several locations

[BRINIRHA]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

Put it in investment little by little maybe it can be done. but of course it can be done after the OP meets all his educational needs. and if there is still money left over then he can use the rest to invest. but spending money on education is not a waste because it is also a form of investment in other forms. investment in the form of knowledge and skills is also needed to achieve success in the future.

[xSkylarx]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

to get something there must be something at stake, as you are experiencing right now, you spend a lot on school needs and various activities related to your education, but know that the knowledge you will get is worth it all.
and if you don't spend something you won't get anything.
I think education is important for the future and if we keep thinking about investing, it's not a solution because investing also has risks.

I would call it sacrifices because saving is keeping something that will benefit you in the future, though I've got your point it is some sort of investment for your future so that you can find a good job and earn money eventually, but if we are talking about saving as a student in terms of money it is really difficult but it doesn't mean you cant do it, you can save even just a small amount , keep cents or your coins in a piggy bank and open it in a year for sure you can buy a clothes on it

[Lorence.xD]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

to get something there must be something at stake, as you are experiencing right now, you spend a lot on school needs and various activities related to your education, but know that the knowledge you will get is worth it all.
and if you don't spend something you won't get anything.
I think education is important for the future and if we keep thinking about investing, it's not a solution because investing also has risks.

I would call it sacrifices because saving is keeping something that will benefit you in the future, though I've got your point it is some sort of investment for your future so that you can find a good job and earn money eventually, but if we are talking about saving as a student in terms of money it is really difficult but it doesn't mean you cant do it, you can save even just a small amount , keep cents or your coins in a piggy bank and open it in a year for sure you can buy a clothes on it

Savings is applicable to anyone, even kids could save their money with any amount, as long as you don't spend it for a long time it could be considered as savings. Though investing your money than savings could benefit you a lot, but it also only apply to people with prior knowledge and skills about it. So for some students still doesn't have an idea how to invest would stick to savings for a long time. But for me, investing is better since your money is not at rest, therefore it do some work for you for your future which your money might increase or not. And some students can't afford to risk their money since they don't have any spare money to get funds for investing

[Abiky]

Let's assume you will put your money on the bank and you will earn at least 3% interest annually. While you are expecting your money is safe, the banks will use your money to people looking for loans and the banks will give them 3-6 months time to pay with the same 3% interest. So in short, the interest rate that the banks pay to you are ones taken from whom they lend the money. Now, the banks earned 3% while doing nothing, and you at the same time is happy since your money is secured in the hands of banks. Also you must keep in mind that you will be deducted with the tax and your transaction fees, while those on the banks? No, they don't have to mind the tax, and if there's a situation where they need to pay tax, they'll just let other people pay for those tax without even doing anything.

Banks always win. They give you low returns, while they keep the rest of the profits for themselves. With rising inflation rates, your purchasing power will decline at a very fast pace. Saving money right now is not worth it. The vast majority of people are spending money to help cover life expenses, among other important things. That's because the global economy is deteriorating.

Crypto might be a solution, but with volatility, the risk of loss is higher. You'd have to make a balance between saving money in a bank or investing in crypto itself. These are highly-uncertain times we're living into, so expect the worst. Maybe there's light at the end of the tunnel? Just my opinion

[chrisculanag]

Saving is very important to everyone, why? Because it will help us in times of crisis or for the future. There are many ways to save. Some save through the bank, some also save in their own way such as piggy bank, vault and through investment. If saving through investment is chosen, it is uncertain or high risk so it is better to invest if there is excess income or what can be accepted in case of loss. If I am asked, it is better to keep cryptocurrencies that are stable like Bitcoin, there are also stakings or holding with interest that are offered by cryptocurrency exchanger but its a high risk.

[MainIbem]

Savings helps but it doesn't increase your income or increase your bank account rather the bank will keep taking their charges for leaving your money in the bank, you can invest into bitcoin and you would get something meaningful at the end but there is every possibility of your investment increasing or decreasing but you must bear the risk involved while investing into bitcoin. As a students having saving is good but during my days at school, all my savings was used due to one problem and the other, so for me it's advisable you buy bitcoin and hold maybe you will be a bit limited having accessing to savings.

[cydrix]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Prioritize saving for emergencies and think about low-risk investing options like savings accounts, certificates of deposit, or government bonds as a student with limited resources and few chances for side jobs. Consider alternate investing opportunities like peer-to-peer lending or crowdfunding platforms while looking for methods to reduce spending. Consult a financial advisor or a reliable mentor for advice.

[Fatunad]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Prioritize saving for emergencies and think about low-risk investing options like savings accounts, certificates of deposit, or government bonds as a student with limited resources and few chances for side jobs. Consider alternate investing opportunities like peer-to-peer lending or crowdfunding platforms while looking for methods to reduce spending. Consult a financial advisor or a reliable mentor for advice.

If you do still have the money for you to invest on then it would really be just right that you should be seeking out some financial advisor if you arent that sure on where you would be tending to go
rather than on wasting up your money and ending up on a failure because you didnt know on what you should gonna do. Investing money or making up diversification is always been that recommended
on which it would really be just that right that you should be careful in towards your actions because if not then you would definitely be experiencing those negative results or outcomes.
Saving is a default thing to be done and this is for the sake of emergency funds and also could be add up on your investment in case you do need up some funding.

[karmamiu]

Saving is very important to everyone, why? Because it will help us in times of crisis or for the future. There are many ways to save. Some save through the bank, some also save in their own way such as piggy bank, vault and through investment. If saving through investment is chosen, it is uncertain or high risk so it is better to invest if there is excess income or what can be accepted in case of loss. If I am asked, it is better to keep cryptocurrencies that are stable like Bitcoin, there are also stakings or holding with interest that are offered by cryptocurrency exchanger but its a high risk.

As how the world works nowadays, there are so many options for you to choose from when it comes to savings, that is also my reason why I hesitate sometimes whether I'll save or invest since there are instances that today I have spare money, but who knows what will happen tomorrow or the day after tomorrow, and since there are also things I need to consider like education and other miscellaneous fees. At an early age I was already aware that I needed to make extra effort to escape our poor environment, aside from that I am aware how banks and investment work, but I also have to consider that one mistake will destroy everything I've worked so far and I'll immediately go back to square one. So I am really careful in terms of decisions in my life involving finance.

[Bushdark]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

I think this is high time for op to try something else at least trying getting a small job even though the one he would be doing when he closes from school. That would be a better alternative and it will bring more money to him.

He can apply for work and be doing that in the night after school closes to makenextra penny so that he would have some casho to save and prepare for the time when there will be no fund at all. Saving is a good and those who had mastered the act of saving are in deed benefiting from it which is a very good thing to do now that he's he school with no one ready to help at the moment.

[Theones]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

I think this is high time for op to try something else at least trying getting a small job even though the one he would be doing when he closes from school. That would be a better alternative and it will bring more money to him.

He can apply for work and be doing that in the night after school closes to makenextra penny so that he would have some casho to save and prepare for the time when there will be no fund at all. Saving is a good and those who had mastered the act of saving are in deed benefiting from it which is a very good thing to do now that he's he school with no one ready to help at the moment.

Referred to the movie - my name is OTTO - the man has been distributing his saving to people around him This shows one should have a little saving so to have a comfortable life.
but not save so much - so that people become greedy and become their enemy

[molsewid]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

I think this is high time for op to try something else at least trying getting a small job even though the one he would be doing when he closes from school. That would be a better alternative and it will bring more money to him.

He can apply for work and be doing that in the night after school closes to makenextra penny so that he would have some casho to save and prepare for the time when there will be no fund at all. Saving is a good and those who had mastered the act of saving are in deed benefiting from it which is a very good thing to do now that he's he school with no one ready to help at the moment.

Referred to the movie - my name is OTTO - the man has been distributing his saving to people around him This shows one should have a little saving so to have a comfortable life.
but not save so much - so that people become greedy and become their enemy

Everyone can have their authority above their savigns. If that what we wants they it's okay, it is true that if we have a small amount of money but it is enough to sustain us, our lives are at peace and normal.But for me, we still needed money for future for emergency funds, in that case we need more money so we will not be anxious what will be our money when bad thing happens, if in the future I'll get my target earnings and savings I will be at peace.

[Tony116]

The fact remains that the ealier you start taking risk as a student, the strongeer you become to face the world after graduation, for me i will advise you should invest some percentage of the money you save.

I think this is high time for op to try something else at least trying getting a small job even though the one he would be doing when he closes from school. That would be a better alternative and it will bring more money to him.

He can apply for work and be doing that in the night after school closes to makenextra penny so that he would have some casho to save and prepare for the time when there will be no fund at all. Saving is a good and those who had mastered the act of saving are in deed benefiting from it which is a very good thing to do now that he's he school with no one ready to help at the moment.

I will support your thinking, he should find a job that will be better than thinking about using part of his savings to invest. For students, the investment will put them under pressure, thereby affecting the learning process. They should only invest when they have enough savings as well as when the investment must be in a comfortable mood, without too much pressure.

Part-time work is something that I think any student should have, it helps them both have more income to cover their studies and have a better life experience. When they work as hired laborers, they will feel how difficult it is to earn money, from which they will try harder in their studies.

[jossiel]

In those financial literacy contents that I'm watching, they're always suggesting to have an emergency fund first before going on with any investment.

Like an EF that's good as 3-6 months worth of your salary then you may proceed to the next stage of having an investment.

That's just a suggestion from them you know what's best for you whether that small amount could be into your savings or additional EF or go directly it with an investment or asset.

[YOSHIE]

I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I am also a student, of course what you feel now I have experienced, where when the economy is not enough to meet school needs, there is always money to be spent/unexpected money, that's what I experienced, but I was lucky, while I was studying at university I worked part time and I invested a little income.

OP, indeed as long as we are in college it is difficult to save money, there is always money to be spent, but if you try to think about it, my advice is investing in crypto is a good step if you think about it, now you think and now you have income from your campaign signature, meaning: if you set aside 30% of your income for investment it is a good thing for your future, remember where when you didn't have income you could save, now you already have income, so think about something for your future where someday the money you invest will have meaning. Let's just say that 30% money is dead, meaning: it can't be taken back, so don't think about taking it if it's an emergency, you have to have a target for your investment, remember we're not forever this.

[Semar Mesem]

Many people say saving is wasting because saving doesn't generate any profit, it's strange if we still put large amounts of money in the bank, it's better to take it and use it to buy bitcoin and see in a year it can go up 100% or more, it's time we think for profit and do not look for a safe position.

[Sterbens]

Many people say saving is wasting because saving doesn't generate any profit, it's strange if we still put large amounts of money in the bank, it's better to take it and use it to buy bitcoin and see in a year it can go up 100% or more, it's time we think for profit and do not look for a safe position.

Not everyone feels that saving is for profit, sometimes there are those who save just to buy something they want. The general perception of saving is saving money when they have money left over from their salary. I think the risk is the first point why someone doesn't want to start investing in Bitcoin, and besides that most of them can't wait to benefit from fundamental investments. Maybe this is what makes them just stay in their comfort zone.

[brother brother]

I don't really believe that saving is wasting, with my point, saving helps to reach and achieve plans towards a goal, many that save have plans and also have focus in life and they also desire to become something good in life and plan for their future, people that save have strong mind to becoming who or what they wanted to be. It also shows that those that saves have plans for Future.

[Vaskiy]

Many people say saving is wasting because saving doesn't generate any profit, it's strange if we still put large amounts of money in the bank, it's better to take it and use it to buy bitcoin and see in a year it can go up 100% or more, it's time we think for profit and do not look for a safe position.

Not everyone feels that saving is for profit, sometimes there are those who save just to buy something they want. The general perception of saving is saving money when they have money left over from their salary. I think the risk is the first point why someone doesn't want to start investing in Bitcoin, and besides that most of them can't wait to benefit from fundamental investments. Maybe this is what makes them just stay in their comfort zone.

The comfort and staying risk free is the reason why people prefer to save over investment. There are people who invest with the leftover, but those are people who have solid portfolio and emergency funds. With this they were able to manage any situation.

Most of the people who prioritise savings consider it as emergency fund. When we're in need we don't know how good will be our investment. Maybe it can be on profit/loss, if it is in loss it surely hurts and to avoid such scenario savings isn't wasting.

[STT]

The whole point of QE is to make speculation and investment with greater bias, it was only supposed to be a temporary effect but what has happened so far is the QE is not reversed and cash loses some of its value forever.  In that respect your savings interest will always likely be below inflation however the cost of not staying liquid and being able to pay all bills is a greater consideration but unfortunately you will lose some of the cash value pretty much always.   
  The one alternative I've heard of is an inverse mortgage which is where you save by reducing the balance of your housing debt for your principal residence.  When you need to spend the cash you withdraw the cash back out and your mortgage balance goes back up.  In effect you gain more from reducing debt cost then by trying to gain anything from savings interest, very often this is the best strategy if a flexible bank is ok with this operation and liquidity availability.  I think businesses operate a bit like that with a credit facility which may not be used alot of the time but is used for stock when needed etc.

[|MINER|]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If the area of ​​savings is not perfect then it will be waste. Otherwise I don't think that savings is wasting . But it is possible to invest in a good place, but only after your needs are met. And in this case, if you are a student and you have less money, then there is no need to save. You should manage your education expenses first. Then if there are anything to available for investing then you can put that on bitcoin investment I think it can be save your savings from going to the wasting.

[Hamza2424]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Hmm, Saving is not at all wasting but Investing can be a better option you have a little amount of money that can be used in an emergency so my suggestion to you is just to save it because investments are a risky approach if you try to go for the trading it might put you in trouble to manage the funds for emergency and other means. If you can afford to take risks then you must try Buy and Hold policy for some time it might be good for you. No doubt that investments are useful in the future but if you cant even handle your present then how you are gonna survive in the future? Both are good but its the stage by stage matter of time, so First of all secure your Today and then think about Tomorrow, Focus on your studies.

[Apraun Seupot]

If you feel comfortable taking on some risk and have done your research on potential investments, then saving could be a good option for you.

I think it's great that you are thinking ahead and considering your options for investing or saving. When it comes to investing, it's important to remember that it does come with some level of risk. While it can potentially lead to higher returns, there is always the possibility of losing money.

On the other hand, saving your money may not provide as much potential for growth, but it does provide a secure safety net for emergencies or future expenses.

As for limited side hustles, have you considered looking into online opportunities such as freelance writing or virtual tutoring? These can be great options for earning extra income while still being able to prioritize your education. Remember, if you prioritize having a secure emergency fund, then saving may be the way to go.

[BobK71]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

A man's first needs education. This time must be spent on education and it is also true that there is also a large amount of money need for education. But I never want to encourage you to invest instead of education. You will definitely have the opportunity to invest at a time but it will be difficult to get back if it is lost that means education period. Moreover, spending money for education is also considered as investment. If you get a good investment opportunity along with education it must be acceptable.

[Patrol69]

Spending money on education is not WASTING. You can consider spending money on education as your savings.  Because education is your only personal wealth. The education you receive will be yours. And education will serve you every step of the way in life. 

Since you are still a student, I think you should still fully focus on education. After completing your education, you will have various opportunities to invest. But if this age of education is over for you then you will not get this time back. 
But if you can manage the cost of education as well as make savings then it is positive for you. But your main focus should be on education.

[RockBell]

I don't really believe that saving is wasting, with my point, saving helps to reach and achieve plans towards a goal, many that save have plans and also have focus in life and they also desire to become something good in life and plan for their future, people that save have strong mind to becoming who or what they wanted to be. It also shows that those that saves have plans for Future.

I agree with you, I don't believe saving is a waste of time. It depends on how much money you make, some people make good money but have no savings. The worst scenario is when there is an emergency and you have no money to deal with it. Therefore, I always advise having at least some savings, no matter how small. I recall when I was in elementary school, I used to have a piggy bank that I used to save to buy whatever I wanted at the end of the year, ever since then, if you want to spend all of your money in one place, you won't hesitate to do it. Have the spirit of saving money in one area, since there are finance apps that do auto-save I saw a post like that it also helps.

[leonair]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Day by day the value of money is decreasing and the price of goods is increasing, saving money is foolish now. a product that is bought for $100 today will cost $130-150 next year. but if you save money, money does not increase. $100 will remain $100 for life. but if you invest that $100, it will be more than $130-150 in 1 year. So it is better to invest the money in a potential asset rather than just saving it in that field. Saving money now is not a bad thing if you call it a waste.

 

Spending money on education is not WASTING. You can consider spending money on education as your savings.  Because education is your only personal wealth. The education you receive will be yours. And education will serve you every step of the way in life. 

If you think about income then education is a waste of both money and time because you can't earn more than $200-300 a month by spending $20000-50000 and getting highly educated.  Again 15-20 years of study is required to get higher education which is a long time. But if you do a business using $20000-50000 then it is possible to earn a high profit per month from here.  But being highly educated is not a waste of money or time if you look at the respect/ prestige

[KaizenJujustsu]

are you guys familiar of the one rule about saving. Its the 50 20 30 rule. The rules states that you should spend up to 50% of your after-tax income (only if you are working) on  needs and obligations that you must have or must do. The remaining half should be split up between 20% savings and debt repayment and 30% to everything else that you might want. You can also use this 30 percent to invest on where are you planning to invest.

I would like to apologize because I myself didn't apply this rule. Its better to save to buy what you are wanting to have than investing it that you are not sure about.

[Altryist]

If the area of ​​savings is not perfect then it will be waste. Otherwise I don't think that savings is wasting . But it is possible to invest in a good place, but only after your needs are met. And in this case, if you are a student and you have less money, then there is no need to save. You should manage your education expenses first. Then if there are anything to available for investing then you can put that on bitcoin investment I think it can be save your savings from going to the wasting.

Saving is worth it even when you are a student, even if you can save very little, it will develop a habit in you that will come in handy when you start earning more. You can find a temporary part-time job, unless of course it harms your studies, otherwise there will not be much benefit from this. I know that there are opponents of savings who say that nothing will come of it, but I myself started with this and I managed to achieve not bad results, so save and make your money work for you.

[cafee_orange]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I'm not sure about the saying that the OP linked, I've never heard of a saying like that, and I think it can mislead anyone.
Precisely because saving you can avoid your waste, I think you have blamed the frugal ways of living, namely saving.
You can separate savings and investments, you cannot use your investment funds when you need them suddenly, but you can use your savings whenever you need them.

[MFahad]

Saving is not wasting but it helps the individuals in hard time when they need it. Once when i was a student then I always save some of my pocket money and then whenever I need some things for educations or something other then I always utilize that amount because I don't want to make a burden on my parents.

You can also use this saved amount for investment but investment should initiate with proper management strategies and proper knowledge.  You can use the saved amount for a variety of purposes but once you initiate to save some little amount to be use for emergency action.

[abralzain17]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

you as a student are not encouraged to save or invest if you do not have sufficient finances. you just live your education until the process ends there, when you become a worker then at that time you can save money or maybe you can invest for your future.
saving promises a good future if someone who has a job saves every day. but investment will always have a result and makes one not have to work if the investment is successful

[chrisculanag]

Saving is very important to everyone, why? Because it will help us in times of crisis or for the future. There are many ways to save. Some save through the bank, some also save in their own way such as piggy bank, vault and through investment. If saving through investment is chosen, it is uncertain or high risk so it is better to invest if there is excess income or what can be accepted in case of loss. If I am asked, it is better to keep cryptocurrencies that are stable like Bitcoin, there are also stakings or holding with interest that are offered by cryptocurrency exchanger but its a high risk.

As how the world works nowadays, there are so many options for you to choose from when it comes to savings, that is also my reason why I hesitate sometimes whether I'll save or invest since there are instances that today I have spare money, but who knows what will happen tomorrow or the day after tomorrow, and since there are also things I need to consider like education and other miscellaneous fees. At an early age I was already aware that I needed to make extra effort to escape our poor environment, aside from that I am aware how banks and investment work, but I also have to consider that one mistake will destroy everything I've worked so far and I'll immediately go back to square one. So I am really careful in terms of decisions in my life involving finance.

That's a very good thing you did because you can realize your dream of saving more by investing but you should still be careful with every action because as you said just one mistake is sure that waste your hard work. Most of those who want to save by investing they want need to borrowed money, if we don't avoid this system of saving, we will surely fall and become more and more in debt. It is better to save from our own sweat, but if you are still a student, do things that can earn you money like selling things or some small businesses.

[Mahanton]

Saving is very important to everyone, why? Because it will help us in times of crisis or for the future. There are many ways to save. Some save through the bank, some also save in their own way such as piggy bank, vault and through investment. If saving through investment is chosen, it is uncertain or high risk so it is better to invest if there is excess income or what can be accepted in case of loss. If I am asked, it is better to keep cryptocurrencies that are stable like Bitcoin, there are also stakings or holding with interest that are offered by cryptocurrency exchanger but its a high risk.

As how the world works nowadays, there are so many options for you to choose from when it comes to savings, that is also my reason why I hesitate sometimes whether I'll save or invest since there are instances that today I have spare money, but who knows what will happen tomorrow or the day after tomorrow, and since there are also things I need to consider like education and other miscellaneous fees. At an early age I was already aware that I needed to make extra effort to escape our poor environment, aside from that I am aware how banks and investment work, but I also have to consider that one mistake will destroy everything I've worked so far and I'll immediately go back to square one. So I am really careful in terms of decisions in my life involving finance.

That's a very good thing you did because you can realize your dream of saving more by investing but you should still be careful with every action because as you said just one mistake is sure that waste your hard work. Most of those who want to save by investing they want need to borrowed money, if we don't avoid this system of saving, we will surely fall and become more and more in debt. It is better to save from our own sweat, but if you are still a student, do things that can earn you money like selling things or some small businesses.

Saving up money would be more better if it started when you are just still student or when you are still young on which it would really benefit you out on longer runs which is something that you must do but not all
those youngsters would really be having this kind of consideration considering that they are still dependent on their parents which means that they wouldnt be minding about these stuffs on this particular time.
Therefore, it isnt really that something you could really be able to apply up these things to those who are really that not that on old age but for us who do have our own families then it would really be
that crucial on having a savings and of course you should be wise on where you would be investing up in case you would be considering out these steps.Dont make your savings comes to waste on something
that you arent even sure on what you are  dealing with.

[rhodelmabanal]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is not wasting, even if you only save a small amount of money that is still a saving and through the years that small amount can become big depending on your patience to make more of it and to not use it because that is a saving, investing is also good but you will also having a hard time to find a good investment with a good return specially in crypto that is high on volatility.

[summonerrk]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is not wasting, even if you only save a small amount of money that is still a saving and through the years that small amount can become big depending on your patience to make more of it and to not use it because that is a saving, investing is also good but you will also having a hard time to find a good investment with a good return specially in crypto that is high on volatility.

You should always remember that we earn money only in order to spend it later.
After all, money alone will not make you happy. But the paradox is that money should make money.
And so that later you have more money, now you need to save. And every Satoshi saved tomorrow can become Bitcoin tomorrow. Of course, with proper investing or trading.

[Dzwaafu11]

To reach your goals, you must put in a lot of effort. How can a student invest money meant for his education when he doesn't have enough to pay his bills or buy food? Because you have a limited budget for your schooling and other required expenses, I am unable to advise you to invest when you are experiencing financial difficulties. God forbid, what will you do if you invest the only money you have for your education and you later need money or want to pay for school fees? If you invested your money and the market is down, you won't even get all of it back, even though you didn't specify where to invest it.
From your point of view, saving money for the future is never a waste because you can intend to utilize it to buy something, make an investment, or avoid misusing it.

[DevilSlayer]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I'm not sure about the saying that the OP linked, I've never heard of a saying like that, and I think it can mislead anyone.
Precisely because saving you can avoid your waste, I think you have blamed the frugal ways of living, namely saving.
You can separate savings and investments, you cannot use your investment funds when you need them suddenly, but you can use your savings whenever you need them.

If you will just purely save 100% of your extra money then for me it is considered as waste, why do I said so? because instead of putting it on assets that can help you to generate returns why are you going to put it on banks or why will you just stack it in some place that cannot give you returns. Inflation will immediately beat you if you will just save money and not use it.

What I do is I have monthly allocation on my savings which is roughly 10% because I'm using at my emergency funds, I'm using the 30% of my income for my expenses such as bills, foods and many more and the remaining 60%, I putting it on investments such as crypto, real estates and other global markets. In this way, I can have returns by putting my money in different assets and I can also have emergency fund that I can use whenever I face unexpected situation.

[jokers10]

Saving is not wasting, even if you only save a small amount of money that is still a saving and through the years that small amount can become big depending on your patience to make more of it and to not use it because that is a saving, investing is also good but you will also having a hard time to find a good investment with a good return specially in crypto that is high on volatility.

It depends on what are you refusing at the moment. If you are refusing some luxury then it is probably even good to save some money for future, but when you are mad on saving and start refuse important things like good food, safe house, further education, health procedure, then you are wasting much more than are saving. Like already said in the topic we need money to spend them and we just need to find the right moment and purpose for that. Saving forever has no sense.

[Mauser]

To reach your goals, you must put in a lot of effort. How can a student invest money meant for his education when he doesn't have enough to pay his bills or buy food? Because you have a limited budget for your schooling and other required expenses, I am unable to advise you to invest when you are experiencing financial difficulties. God forbid, what will you do if you invest the only money you have for your education and you later need money or want to pay for school fees? If you invested your money and the market is down, you won't even get all of it back, even though you didn't specify where to invest it.
From your point of view, saving money for the future is never a waste because you can intend to utilize it to buy something, make an investment, or avoid misusing it.

I don't think a student should be saving money, there is no point in trying to cut back on your education. Getting the best possible education no matter the cost means to invest in our own future. The better our education the better our job we will get and the higher our salary will be go pay of any potential debt. This of course doesn't mean we should be going for unnecessary purchases as a student. There are a ways to save money on housing, clothes and food, but not on our education. Saving is more for when we are working and have a real income. When we are older we also need to think about retirement and save money for that, otherwise we are going to have to work the rest of our life.

[siniminomorocomunisakito]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is not a waste. Having a savings account can provide a safety net for emergencies or unexpected expenses. It is important to prioritize your immediate needs before thinking about investing.

If you want to invest, start small and do your research. Look for low risk options like mutual funds or index funds. Additionally, consider exploring online platforms that offer micro-investing opportunities. Remember, it's never too late to start saving and investing, even if only a little at a time.

[Betwrong]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

If you spend the money you have on education, then yes, saving is wasting in your case. Being uneducated you will, very likely, spend your saved money the wrong way. For an uneducated person extra money may mean extra problems. So, I think, if you are spending on activities related to education instead of investing  with a goal of making more money, you are doing the right thing. Also, don't forget that it is never guaranteed that your investment will bring more money in the future. Likely, being uneducated you will invest in the wrong things and in the end you will get no money and no education.

[Vinaa77]

Saving is not wasting but it helps the individuals in hard time when they need it.

You can also use this saved amount for investment but investment should initiate with proper management strategies and proper knowledge.  You can use the saved amount for a variety of purposes but once you initiate to save some little amount to be use for emergency action.

As individuals who need a good future, of course, a person is actually required to have provisions for his future, there are various aspects and steps when someone wants great certainty for the future to occur, one of which we take from saving, and maybe there are various ways to save whether they save to yourself in terms of money or gold in fact, but some people in the investing community I think they're going to put that aside for Investing.

You can also use this saved amount for investment but investment should initiate with proper management strategies and proper knowledge.  You can use the saved amount for a variety of purposes but once you initiate to save some little amount to be use for emergency action.

As well as the risks that will be faced later when they do investment work, this must also be understood. Therefore, to jump into investment, sufficient knowledge is needed. good mindset and management I think will give them a good advantage later on. in our opinion Investment is included in the saving section and this is in the form of Assets and has fluctuating properties in the sense of Investment in Bitcoin.

[chrisculanag]

As how the world works nowadays, there are so many options for you to choose from when it comes to savings, that is also my reason why I hesitate sometimes whether I'll save or invest since there are instances that today I have spare money, but who knows what will happen tomorrow or the day after tomorrow, and since there are also things I need to consider like education and other miscellaneous fees. At an early age I was already aware that I needed to make extra effort to escape our poor environment, aside from that I am aware how banks and investment work, but I also have to consider that one mistake will destroy everything I've worked so far and I'll immediately go back to square one. So I am really careful in terms of decisions in my life involving finance.

That's a very good thing you did because you can realize your dream of saving more by investing but you should still be careful with every action because as you said just one mistake is sure that waste your hard work. Most of those who want to save by investing they want need to borrowed money, if we don't avoid this system of saving, we will surely fall and become more and more in debt. It is better to save from our own sweat, but if you are still a student, do things that can earn you money like selling things or some small businesses.

Saving up money would be more better if it started when you are just still student or when you are still young on which it would really benefit you out on longer runs which is something that you must do but not all
those youngsters would really be having this kind of consideration considering that they are still dependent on their parents which means that they wouldnt be minding about these stuffs on this particular time.
Therefore, it isnt really that something you could really be able to apply up these things to those who are really that not that on old age but for us who do have our own families then it would really be
that crucial on having a savings and of course you should be wise on where you would be investing up in case you would be considering out these steps.Dont make your savings comes to waste on something
that you arent even sure on what you are  dealing with.

I agree with that, but if they grow up in poverty they will lose time to save more. The best thing to do is think of a way they can save money such as selling things and food or being a working student. You are also right that someone who plans to save should also have determination and smart. You are also right that one should be careful in investing especially in this trend. It's better to study the things they want to get into whether online or not. But if it's just about saving, it's better to save in banks or own vault, but if they're think is  wasted, it's better to invest in trusted coins that have the potential to grow.

[SOKO-DEKE]

Even as a student, it is a good idea to have savings in case of any emergencies that may arise while pursuing their school or for other future goals. However, this should only be done once they are seeing  enough money.But what I'm trying to convey is that students should be aware of how to manage things rather than spending  it anyhow like unnecessary items. I'm not advocating that students  should save their money for school supplies (like textbooks or some items ).However, if a student's resources are inadequate, finding a way to save money is not necessary because doing so could compromise their ability to receive the education they deserve.A wise investment in the future is education.

[Patrol69]

Saving is not wasting but it helps the individuals in hard time when they need it. Once when i was a student then I always save some of my pocket money and then whenever I need some things for educations or something other then I always utilize that amount because I don't want to make a burden on my parents.

Everyone has some savings in student life. Savings can be done by saving tiffin money or taking tuition or taking money for some special events without spending that money. That savings is later used for our education. That is, we have to spend that savings for education. I like to spend my savings on education. 
You may have thought of your parents and spent your savings on your education but there are many people who use their savings in student life for other purposes including investments. That is, everyone's thoughts are different.

You can also use this saved amount for investment but investment should initiate with proper management strategies and proper knowledge.  You can use the saved amount for a variety of purposes but once you initiate to save some little amount to be use for emergency action.

If you invest, you should think carefully and have sufficient understanding about the investment and then invest. And I think it's best not to underinvest in student life because it can affect learning. After completing education with a good understanding of investment and gaining some experience in all these matters then one should invest. If you invest while you are studying, you will not be able to concentrate on your studies, just as investing will not remove your worries.

[cafee_orange]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I'm not sure about the saying that the OP linked, I've never heard of a saying like that, and I think it can mislead anyone.
Precisely because saving you can avoid your waste, I think you have blamed the frugal ways of living, namely saving.
You can separate savings and investments, you cannot use your investment funds when you need them suddenly, but you can use your savings whenever you need them.

If you will just purely save 100% of your extra money then for me it is considered as waste, why do I said so? because instead of putting it on assets that can help you to generate returns why are you going to put it on banks or why will you just stack it in some place that cannot give you returns. Inflation will immediately beat you if you will just save money and not use it.

What I do is I have monthly allocation on my savings which is roughly 10% because I'm using at my emergency funds, I'm using the 30% of my income for my expenses such as bills, foods and many more and the remaining 60%, I putting it on investments such as crypto, real estates and other global markets. In this way, I can have returns by putting my money in different assets and I can also have emergency fund that I can use whenever I face unexpected situation.

meaning you have divided your monthly income into 3 parts?
if you do that I appreciate it and in my opinion it is very appropriate for everyone who has the desire to invest. way like what you offer will make someone's finances continue to grow.

[GigaBit]

Even as a student, it is a good idea to have savings in case of any emergencies that may arise while pursuing their school or for other future goals. However, this should only be done once they are seeing  enough money.But what I'm trying to convey is that students should be aware of how to manage things rather than spending  it anyhow like unnecessary items. I'm not advocating that students  should save their money for school supplies (like textbooks or some items ).However, if a student's resources are inadequate, finding a way to save money is not necessary because doing so could compromise their ability to receive the education they deserve.A wise investment in the future is education.

Saving is always considered a good way. When people are in financial danger, no one will come to you but at that moment savings will help you much. If one can save from the student life then one can become the owner of a large wealth at one stage. And if someone wants, he can increase his money by investing in a good platform. I think everyone should do it if they have the scope. Those who make such plans from student life will also get a chance to lead a good life. I never consider saving is wasting or something like that. But it is not possible to save for all.

[mvdheuvel1983]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Its sad that the efforts you are making to save seems as if it is being washed down the drain. For now, if you can focus on your studies. Use whatever income you have to sustain yourself. Do not worry too much about saving because it may lead to financial anxiety and stress. Let your education be on the top of the list.

[LastKiss]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Its sad that the efforts you are making to save seems as if it is being washed down the drain. For now, if you can focus on your studies. Use whatever income you have to sustain yourself. Do not worry too much about saving because it may lead to financial anxiety and stress. Let your education be on the top of the list.

I agree that students need to focus on their studies but somewhat most students can't focus on their studies because they got no savings for their living expenses or got no money to pay tuition. If we're not born into a rich family we should save our daily allowance which will save us our need someday and not spend it meaningless. Investment may help you too if you find the good investment instrument while you're at school but keep in mind to use your money that you can afford to lose.

[kapalmabur]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is not a waste. Having a savings account can provide a safety net for emergencies or unexpected expenses. It is important to prioritize your immediate needs before thinking about investing.

If you want to invest, start small and do your research. Look for low risk options like mutual funds or index funds. Additionally, consider exploring online platforms that offer micro-investing opportunities. Remember, it's never too late to start saving and investing, even if only a little at a time.

Saving is a form of how we think for the future, so I don't think it's a waste,
we can feel the benefits of saving later and that's how it is,
right, don't forget to do your research first because it's so important, at least to minimize risk.

[Furious 7]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I'm not sure about the saying that the OP linked, I've never heard of a saying like that, and I think it can mislead anyone.
Precisely because saving you can avoid your waste, I think you have blamed the frugal ways of living, namely saving.
You can separate savings and investments, you cannot use your investment funds when you need them suddenly, but you can use your savings whenever you need them.

I think that in terms of saving is wasting only refers to a personal perspective because in my life I have never seen experts say that, let's say I didn't come across it, but when there is a statement about this, of course it will be a topic of conversation because this is clear. like going against the grain of the statement saving is something that should be done for better conditions.
And I quite agree with the concept of saving now considering that this is of course a pretty good thing to do, especially since we won't know what will happen to us in the future, so the anticipation in terms of finances by saving is definitely something that is really worth it.

[JeffBrad12]

even though side hustle is limited in your region, you should regardless try since that's the only way you could increase your income then escape the saying of saving is wasting.
if everytime you're saving your money just got used for your basic needs, well there's nothing wrong with that since you really need it but honestly you gonna be stuck.
i'd say, try side hustle that can give you opportunity of offering something overseas, if your region is limited in side hustling, try learning new skills that could help you score some income without needing to offer it in your local region but target everyone oversea that needed your skills, that way you gonna earn quite high income yet still have time for learning.

[carlfebz2]

even though side hustle is limited in your region, you should regardless try since that's the only way you could increase your income then escape the saying of saving is wasting.
if everytime you're saving your money just got used for your basic needs, well there's nothing wrong with that since you really need it but honestly you gonna be stuck.
i'd say, try side hustle that can give you opportunity of offering something overseas, if your region is limited in side hustling, try learning new skills that could help you score some income without needing to offer it in your local region but target everyone oversea that needed your skills, that way you gonna earn quite high income yet still have time for learning.

Try and try until you do succeed and this is the issue on most people is that on the time that they dont really see any progress, they do just simply stop and quit without even trying to go further.

This is where you would be able to differentiate to those who do succeed and to those who do stand still on their status or having no change at all because they arent really doing the hard work or taking up the risks. Saving isnt wasting if you are really that wise on taking up some step because if not then you would really be having no progress at all.

Saving is for the intention for emergency purposes but we know that it is really also could be used on investment too on which you could really be able to have some other income source.

[Sayeds56]

Saving is a form of how we think for the future, so I don't think it's a waste,
we can feel the benefits of saving later and that's how it is,
right, don't forget to do your research first because it's so important, at least to minimize risk.

I completely agree with your opinion that saving plays a crucial role in financial planning. In my opinion it requires a mindset which involves adopting a particular way of thinking to prioritize saving over spending and this mindset helps to bring about financial stability in the long term. The next step is to identifying suitable opportunities that can yield higher returns and outpace inflation. Bitcoin  could be a promising option in this reward, with potential to reward better returns.

[Aanuoluwatofunmi]

Only that that have have the opportunity to make some savings from their earnings will say that it's a waste of time, also those that wasted efforts on saving things that are irrelevant will always find a means of discouraging others from having savings after relating everyone to have thesame in experience they had, just simply because we got envious of what we don't have from those having good results or intentions towards it.

[iv4n]

Saving is a form of how we think for the future, so I don't think it's a waste,
we can feel the benefits of saving later and that's how it is,
right, don't forget to do your research first because it's so important, at least to minimize risk.

I completely agree with your opinion that saving plays a crucial role in financial planning. In my opinion it requires a mindset which involves adopting a particular way of thinking to prioritize saving over spending and this mindset helps to bring about financial stability in the long term. The next step is to identifying suitable opportunities that can yield higher returns and outpace inflation. Bitcoin  could be a promising option in this reward, with potential to reward better returns.

I guess it's all about yielding higher returns and outpacing inflation. "Saving is Wasting" when we save in fiat currencies (even saving with some interest will not do the work). Try to remember what you could buy for 100 (Dollars, Euros, Francs, or any other fiat currency) 10-20 years ago, and what can be bought for the same amount of money today. In Serbia, the prices are crazy higher than in 2010-2011, and some products skyrocketed with a +500% increase.

Yielding higher returns is always risky, and crypto is one of the better options I would say. It's been doing very well all these years, and people can start even with small amounts. Gold is probably a lot less risky, but it will not yield some high profits with small investments, but it's better to have some gold for the long run than any fiat, that's for sure.

[Mame89]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Basically the best investment is education. Even though it may seem difficult to spend a lot of money on educational expenses, the results obtained from this education will be far greater than the costs incurred.

Because Investing in education can open doors for us to better careers, wider opportunities, and higher income in the future. In addition, education also helps us to improve our skills and knowledge in various fields, which can help us face challenges in this increasingly complex world.

You have to get used to saving and reducing expenses, set aside some of your money for saving or investing. If you have little money to invest, start with small, achievable investments. You can start by keeping your money in a bank account that provides interest or bitcoin investment. Keep saving and investing little by little, and it will pay off when you accumulate future bitcoin investments.

[karmamiu]

Saving is a form of how we think for the future, so I don't think it's a waste,
we can feel the benefits of saving later and that's how it is,
right, don't forget to do your research first because it's so important, at least to minimize risk.

I completely agree with your opinion that saving plays a crucial role in financial planning. In my opinion it requires a mindset which involves adopting a particular way of thinking to prioritize saving over spending and this mindset helps to bring about financial stability in the long term. The next step is to identifying suitable opportunities that can yield higher returns and outpace inflation. Bitcoin  could be a promising option in this reward, with potential to reward better returns.

I guess it's all about yielding higher returns and outpacing inflation. "Saving is Wasting" when we save in fiat currencies (even saving with some interest will not do the work). Try to remember what you could buy for 100 (Dollars, Euros, Francs, or any other fiat currency) 10-20 years ago, and what can be bought for the same amount of money today. In Serbia, the prices are crazy higher than in 2010-2011, and some products skyrocketed with a +500% increase.

Yielding higher returns is always risky, and crypto is one of the better options I would say. It's been doing very well all these years, and people can start even with small amounts. Gold is probably a lot less risky, but it will not yield some high profits with small investments, but it's better to have some gold for the long run than any fiat, that's for sure.

This is true since I have personally experience it when I was given a few hundred dollars by my aunt who came back overseas and was told to keep it for my savings, if it happens that I kept it right now, for sure it will become as a collection not as something that has value since that piece of paper would lose it's value once they'll change the dollar, and since I resided in a different country I couldn't exchange that easily even with the help of banks. Adding the fact that I don't have any options to where I can save my money so all I did is keep it in the bank.

[Dickiy]

even though side hustle is limited in your region, you should regardless try since that's the only way you could increase your income then escape the saying of saving is wasting.
if everytime you're saving your money just got used for your basic needs, well there's nothing wrong with that since you really need it but honestly you gonna be stuck.
i'd say, try side hustle that can give you opportunity of offering something overseas, if your region is limited in side hustling, try learning new skills that could help you score some income without needing to offer it in your local region but target everyone oversea that needed your skills, that way you gonna earn quite high income yet still have time for learning.

Yes, don't stop because the sentence for a side business in your country is difficult and don't get hung up on the phrase saving is futile, it will only stagnate your finances and make no progress in the economic field, whether or not the money you saved is used is the answer why you should saving and investing to get a solution when the need arises and that's the main goal.
I think if you really want to have a side job you don't have to think that far if he is a smart person he can continue to contribute to this forum to gain trust and increase rankings and can apply to signature campaigns to get a side job and I think that's enough not bad and help me financially.

[cafee_orange]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I'm not sure about the saying that the OP linked, I've never heard of a saying like that, and I think it can mislead anyone.
Precisely because saving you can avoid your waste, I think you have blamed the frugal ways of living, namely saving.
You can separate savings and investments, you cannot use your investment funds when you need them suddenly, but you can use your savings whenever you need them.

I think that in terms of saving is wasting only refers to a personal perspective because in my life I have never seen experts say that, let's say I didn't come across it, but when there is a statement about this, of course it will be a topic of conversation because this is clear. like going against the grain of the statement saving is something that should be done for better conditions.
And I quite agree with the concept of saving now considering that this is of course a pretty good thing to do, especially since we won't know what will happen to us in the future, so the anticipation in terms of finances by saving is definitely something that is really worth it.

in this case I agree more with your response, because we have different points of view so that sometimes we misinterpret.
as I said before that I do not agree with the OP's statement, where he said such nonsense. no one who saves feels that it is a waste.

[bosede1]

I just think if you are still a student you should get funding from friends and family unless you don't have any of such and you are the on;y one shouldering the responsibility, saving is not a waste in any aspect.

[Bollexz1]

One of the best ways for a student to save for future fortune is by going through investment, as an investment generates more profits. But it could be a little hard for someone who is not getting finances from family or relatives and that makes me a 0erfect example. As much as I love to invest, I find it difficult based on what I expressed above.

[ichsan ardi]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I agree with the saying that saving is a waste because with the current inflation I don't think saving is a good thing because our money does increase but its value falls I think we have to start setting aside some of our money for investing and we have to have an emergency fund before investing because all investments have risks that I think we should invest rather than just saving to make us survive in the future

[Betwrong]

One of the best ways for a student to save for future fortune is by going through investment, as an investment generates more profits. But it could be a little hard for someone who is not getting finances from family or relatives and that makes me a 0erfect example. As much as I love to invest, I find it difficult based on what I expressed above.

It is not necessarily so. Sure, if you are billionaire, you definitely should not sit on your money, and you should invest most of it in various assets and shares. But being a student, and not from a wealthy family, I think it's better for you to not play this games, the games rich folks are playing. The thing is, they can afford losing a million here and a million there, but, being in your position, you can't. For them losing a million may be like just a bump on the road, and for you it might be the end.

[jhayemcue08]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Given your limited income and limited opportunities for side hustles, you may want to focus on building an emergency fund. This can provide a safety net for unexpected expenses, such as medical bills or car repairs. Aim to save enough to cover three to six months of living expenses, if possible.

Whether you choose to save or invest, it is important that you must have a plan in place for your finances. Consider creating a budget to track your expenses and income, and prioritize your expenses and savings goals based on your current financial situation. You must remember to be patient with yourself and your financial situation. Building wealth takes time and effort, but with dedication and planning, you can work towards achieving your financial goals.

[Dalib]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

There are several solutions that could help you address this issue:

1. Look for part-time jobs or freelance work: Even if there are limited side hustles in your country, there may still be opportunities to earn extra money through part-time jobs or freelance work. Consider offering your skills or services online, or look for part-time work in your local community.

2. Start small with investments: If you have a little bit of extra money, consider starting small with investments. Look for low-risk options such as savings accounts or certificates of deposit, or consider investing in a low-cost index fund.

3. Focus on building an emergency fund: If you're not sure whether to invest or save your money, consider focusing on building an emergency fund. This will give you a financial cushion in case of unexpected expenses or emergencies.

[xSkylarx]

One of the best ways for a student to save for future fortune is by going through investment, as an investment generates more profits. But it could be a little hard for someone who is not getting finances from family or relatives and that makes me a 0erfect example. As much as I love to invest, I find it difficult based on what I expressed above.

The only solution to this is to find a part-time job. This is really known to students right now who are less fortunate because they want to continue their education but their parents can't due to financial problems. Though for sure it is not that easy as you'll go through a lot, that is the time you can save and start investing in something you want. Again, it may be easy to say but difficult to do, but that is the only way to have that money for investment.

[@forxample]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

actually being a student is not difficult when we can manage time, think positively and think forward, in terms of saving, the solution is to be consistent with the desired goals and expectations, the key is to be patient and be able to sort out and choose when in what circumstances we can use the savings , and when it's hard for us to get side jobs, we can try to open new jobs with strong ideas and mentality

[usekevin]

For a student it’s hard to save money because of many expenses.Student need to pay their fees for their academic and need to spend for their daily expenses.Being a student,they need to support their family partial.All can do of saving minimum of 20 percentage of their income.Because the saving will you,not even your brothers help at the needed situation.So better to save atleast of 20 percentage from your income and earnings.You should keep your savings in the crypto currency to earn more from the savings.It’s essential one to save some money for your future as compared to empty pocket.

[Litzki1990]

Since you are currently involved in education, you should focus more on education matters first. Because there is a certain age limit for obtaining each degree, after crossing that certain age limit, even if you want to, you can no longer study. If God keeps you alive, you will have lifetime time to invest but once the time you are spending on education is gone, you will never get that time back. And spending money on education is never a waste. Spending money on wasteful or illegal activities is money wasting. 
If the money you have is not fully spent on your education then you can decide to invest but education is important for you first.

[jokers10]

For a student it’s hard to save money because of many expenses.Student need to pay their fees for their academic and need to spend for their daily expenses.Being a student,they need to support their family partial.All can do of saving minimum of 20 percentage of their income.Because the saving will you,not even your brothers help at the needed situation.So better to save atleast of 20 percentage from your income and earnings.You should keep your savings in the crypto currency to earn more from the savings.

Saving should not be considered as a value by itself. You save for something important. And when you are young it could be so that investing in you, in your education, in your health can give you more in the future than couple of saved bucks. Reasonable investing in yourself is usually a good idea as this investment can sometimes give much more than any commercial project. If you are doing all you can for self-development and still have something to save then why not, but IMO it never should be in a part which needed for investing in yourself.

[nesty]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

That is true it is hard being a student nowadays. Most of the students are still supported by their parents, that's why it is hard for them to save money. But if you will think of other ways to find extra income that would not affect your studies then do so. You can try to find online jobs that do not requires college graduate. I think there are a lot of online jobs right now try hard to apply and who knows you might get hired for the part time online job. Just showcase your capabilities so that the employer will be impressed. With that you will be able to save some. For the savings you can generate, it is best to invest it for a long term investment. But you should choose your investment wisely.

[irhact]

Since you are currently involved in education, you should focus more on education matters first. Because there is a certain age limit for obtaining each degree, after crossing that certain age limit, even if you want to, you can no longer study. If God keeps you alive, you will have lifetime time to invest but once the time you are spending on education is gone, you will never get that time back.

There's no limit to education or age limit to acquiring a degree, there could be an age limit to a profession or career that you want to achieve like been a medical practitioner or pilot, I believe at some age the university won't allow you to study for those career again but when it comes to getting a degree, there are no limit. You can get your masters, PhDs etc at any age.

You should never postponed your investing to later in future as you'll be making a big mistake by so doing, if you have spare money available, start investing today. It doesn't matter how small you start so in future you would have gather enough experience to help you make better investment decision.

[jossiel]

For a student it’s hard to save money because of many expenses.Student need to pay their fees for their academic and need to spend for their daily expenses.Being a student,they need to support their family partial.All can do of saving minimum of 20 percentage of their income.Because the saving will you,not even your brothers help at the needed situation.So better to save atleast of 20 percentage from your income and earnings.You should keep your savings in the crypto currency to earn more from the savings.

Especially in college, there's student's loans and they need to bring it with them until they graduate and find a job. There have been techniques of saving and saving a portion of 20% of your salary/income is a good practice.

But usually, it goes by 10% and the rest goes to expenses and everything and stuff that you need. Then, any amount or percentage you're able to save is actually a good progress because there are times that it's hard to do it.

[CryptoHeadlineNews]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

There are two reasons why we save money, 1. For future use, while 2. For emergency, and as a student I don't think it's impossible not to save no matter the hardship as you never can tell what might happen tomorrow. But moreover, as a student, your primary responsibility s number one priority should be your education at the moment, of which It will be irresponsible of you to buy bitcoin now when you haven't bought most of your textbooks. So on the contrary, I will like to correct you that Saving has never been a waste and can never be a waste, as it will surely assist you someday in the future.

[Abiky]

Especially in college, there's student's loans and they need to bring it with them until they graduate and find a job. There have been techniques of saving and saving a portion of 20% of your salary/income is a good practice.

But usually, it goes by 10% and the rest goes to expenses and everything and stuff that you need. Then, any amount or percentage you're able to save is actually a good progress because there are times that it's hard to do it.

Not a bad strategy. But in times like these, it's hard or almost impossible to save money because of ever-rising inflation rates. That's because you'd lose purchasing power with your Fiat in the long run. Banks' interest (savings) rates are pretty low compared against current inflation rates, so you're basically earning nothing in return. Bitcoin and Gold are better options, but they're often unstable at times (especially Bitcoin).

The OP is free to decide what to do with his money in the long run. As long as he doesn't spend more than what he earns, nothing could go wrong. Just my opinion

[jossiel]

Especially in college, there's student's loans and they need to bring it with them until they graduate and find a job. There have been techniques of saving and saving a portion of 20% of your salary/income is a good practice.

But usually, it goes by 10% and the rest goes to expenses and everything and stuff that you need. Then, any amount or percentage you're able to save is actually a good progress because there are times that it's hard to do it.

Not a bad strategy. But in times like these, it's hard or almost impossible to save money because of ever-rising inflation rates. That's because you'd lose purchasing power with your Fiat in the long run. Banks' interest (savings) rates are pretty low compared against current inflation rates, so you're basically earning nothing in return. Bitcoin and Gold are better options, but they're often unstable at times (especially Bitcoin).

The OP is free to decide what to do with his money in the long run. As long as he doesn't spend more than what he earns, nothing could go wrong. Just my opinion

Yes, with the inflation keeping up as well. Saving is becoming more than a challenge but then if you have a will in doing even in the least that you can.

You'll still find a way to save even in small amounts. And I do agree that if you think that it's no use to save money in fiat then you alter it into DCAing through bitcoin.

[loopes]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

As you said that you consider little amount of your money, i suggest you to do not touch your education fund for investment moreover if you  must pay your education bill in soon. you will be regret it if you lost your investment but you have to pay your education bill in hurry. if you make a arranged portion of your saving for investment and education it will be better for your financial management. 

[Mahanton]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

As you said that you consider little amount of your money, i suggest you to do not touch your education fund for investment while you must pay your education bill soon. you will be regret it if you lost your investment but you have to pay your education bill in hurry.

Always have that allocation on things which are important, you should really know on how to distinguish in both things or any other which are really that relevant when it comes to
your future plans and goals in life. Saving isnt wasting as long you do know on what are your priorities or simply does have the balance on something which you do really need. Its really that bad if you are really that neglecting out education budget allocation just because you are focusing into other side of things which you said that in the end you would be still needing funds when the time comes.
So better be prepared rather than on getting shocked.

Saving isnt wasting but it would be more worth if you do put it up on an investment to earn possible more income and make more savings but we arent that going in all in.
Always be mindful that there would really be things which you would be needing to allocate funds and save on it.

[smile1218]

Saving is not wasting, can I ask are you a self supporting student or do your parents still support your studies financially? If your parents still supporting you with your studies including your allowances, to be able to save some from your allowance bring some food from your home to your school so that you will not spend money to buy with your allowance. But if your allowance is not enough try to find other source where you can earn to help you save some. You can do online busines, or you can apply for an virtual assistant. Try to research on the internet there are a lot of side lines that are available for you to have an extra income.

[KiaKia]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

You are the only one that can make the right decision for yourself, asking people on here won't make any difference, do what you can, give your best, and leave the rest.

If your education is the most important pls focus on your education, investment never ends, when the right time comes you will invest your money, but now since you are not making extra income there is nothing you can do than

1. Forget investment for now and focus on your education.

2. Find a source of income for you to be able to invest your money.

Investment is not a battle that must be won by all means possible, if you can afford it you should go for it, don't forget that it's very risky to invest money on crypto, you need to invest what you can afford to lose.

Do what you can and leave the rest, if you can't invest today it's not the end of the world, have it in mind that when the time is right you will invest.

[irhact]

Saving is not wasting, can I ask are you a self supporting student or do your parents still support your studies financially? If your parents still supporting you with your studies including your allowances, to be able to save some from your allowance bring some food from your home to your school so that you will not spend money to buy with your allowance. But if your allowance is not enough try to find other source where you can earn to help you save some. You can do online busines, or you can apply for an virtual assistant. Try to research on the internet there are a lot of side lines that are available for you to have an extra income.

Saving isn't wasting when there are investment plans for that money that you're saving although when you save to spend and that saved money isn't going to bring any returns home or you're using saving as a means of investing then you're doing it all wrong since inflation will make that money that you're saving worthless in the future. Saving wasn't wasting when fiats where fully backed.

But since fiats are no longer backed and the government can print any amount of money they want into circulation, it means money now has an infinite supply and there's no point of saving anything that has infinite supply since it'll be losing value as they keep increasing the supply in the market.

[mich]

Well no I do not agree that saving is wasting. But I do think it is all depending on your situation. For a person like you who is spending most of his money on his education I think it is normal to save you money that you have.
 
If we have only a small amount of money we should not invest it. It is just too risky and investment is for people that can afford to lose the investment. For you it is best to save your money for future expenses. If you have a emergency you will want to make sure you can afford to take care of that.

[lumbanrang]

Yes, with the inflation keeping up as well. Saving is becoming more than a challenge but then if you have a will in doing even in the least that you can.

It will be quite challenging if you want to save up for now, of course there are urgent needs that must be met, and that's what I feel myself for now. Indeed saving is quite important, but we must also be able to see our situation first, if it is not possible it is better not to save.

[BRINIRHA]

Well no I do not agree that saving is wasting. But I do think it is all depending on your situation. For a person like you who is spending most of his money on his education I think it is normal to save you money that you have.
  
If we have only a small amount of money we should not invest it. It is just too risky and investment is for people that can afford to lose the investment. For you it is best to save your money for future expenses. If you have a emergency you will want to make sure you can afford to take care of that.

Correct. If it's only limited to short-term savings then it's not in vain. And saving is also necessary, such as to deal with emergency situations and the like. therefore we need to save money and set aside money to save and prepare specifically for emergency situations or for whatever we want in the future. But if it's for long-term savings, I don't recommend this type of fiat savings. because its value will continue to decrease due to the impact of inflation. so that long-term savings are more suitable to be stored in the form of gold and other things that can maintain value. but because OP seems to be just saving normally and not for the long term, I think he can save in any form. but I don't think there's anything wrong if the Op also puts his money in the investment. as long as he is okay if he suffers a loss. but he can also benefit if the market goes up. and only then can he save profits later.
but if he can't accept the loss then it's not recommended for OP to invest.

[Bitcoin_people]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

You are a student so you should invest with what you have instead of saving money. Because saving money can never expect to make a profit, you must invest if you want to grow money for the future. A lot of money is spent especially during studies and it would be better to save some money and invest it. Since you are a student, joining crypto investment along with your studies will make you money in the future. But you focus on your studies first and besides that you can invest. I also studied and also got hired in crypto because I want to grow my fund in the future from my little money. so it will be better for you to invest instead of saving money, then your various financial problems can be solved.

[ringgo96]

As students of course, we must be good at managing our finances, because we always feel many unexpected expenses so that with limited money, of course we are confused to manage it, so saving is very important and we must be able to find a side job in order to make savings for the future, and the saying you write certainly cannot be used, especially us as students whose income is still limited.

[ivankoh]

Inflation will wipe out the value of your savings if I'm not mistaken.  It is purely a basis but would not be true in other situations.  Saving helps us not to depend on anyone, is the basis for step by step towards financial freedom with our own efforts through investment plan.  Saving has many benefits and in these tough times, everyone needs to save.

[jossiel]

Yes, with the inflation keeping up as well. Saving is becoming more than a challenge but then if you have a will in doing even in the least that you can.

It will be quite challenging if you want to save up for now, of course there are urgent needs that must be met, and that's what I feel myself for now. Indeed saving is quite important, but we must also be able to see our situation first, if it is not possible it is better not to save.

Well, I guess even if you're in the hardest situation even with a few bucks then you'll be able to save.

But as you've said, this varies per everyone's situation and if you really can't and unable then there's no other option but for you not to. Or else if you want to, you'll find a way and another source of income for you to have that allocation.

[AnonBitCoiner]

Do all you can to face your studies brother, nothing matters more than your studies, do not let anyone tell you otherwise, I believe this will open doors to a blessed future, do not use your money to take unnecessary risks unless you have other side hustle that pays, a distracted soldier is a dead soldier.

Yes exactly you are right because if a person has education then he can use it whenever the situations are against him. So study is important and if once a person completed his study he will be able to do everything and will be able to do job but if you do not have any education then business is just an opportunity for getting income but business has very risky as there is no guarantee of enhancing money.

Yes you can do that invest some money for future but don't leave you study until you completed your study. There are lots of jobs which are not possible without education but you can do every another business without education so first complete your education after that do the desired work.

[nara1892]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

You are a student so you should invest with what you have instead of saving money. Because saving money can never expect to make a profit, you must invest if you want to grow money for the future. A lot of money is spent especially during studies and it would be better to save some money and invest it. Since you are a student, joining crypto investment along with your studies will make you money in the future. But you focus on your studies first and besides that you can invest. I also studied and also got hired in crypto because I want to grow my fund in the future from my little money. so it will be better for you to invest instead of saving money, then your various financial problems can be solved.

It can indeed be done, but when we can't invest, especially if it's certain for the long term, saving is clearly better than nothing.
Indeed, in terms of the advantages of saving more, we will not get multiple benefits, but the purpose of saving is actually not a matter of profit and loss, I think, saving is a condition where we set aside some of the money we have so that when there is an urgent need we don't have to be distraught to find a solution in financial because we already have savings that we collect.
especially when we talk about students who definitely need money, especially towards the end to fight for a degree. By saving at least this can also be said to relieve some unexpected needs in several conditions.
Investment is indeed very good if indeed we have more money to set aside but Investment cannot be taken carelessly, of course, because this takes time, but when savings are there, they can be taken at any time when we need them.

[Rockstarguy]

Since you are currently involved in education, you should focus more on education matters first. Because there is a certain age limit for obtaining each degree, after crossing that certain age limit, even if you want to, you can no longer study. If God keeps you alive, you will have lifetime time to invest but once the time you are spending on education is gone, you will never get that time back. And spending money on education is never a waste. Spending money on wasteful or illegal activities is money wasting. 
If the money you have is not fully spent on your education then you can decide to invest but education is important for you first.

I see nothing wrong having plan of investing as student and their is no rule that one must have finish his or her degree first before looking into investment. A student who have already graft out a plan of investment will really be of good benefit after rounding up his programme in school. After I graduated from school I regreted not having plans of investment to do. This idea of investing helps one to be independent and not too relying in the government to provide job, so I don't think he is doing the wrong thing. He is just making a good plan for the future.

[ginsan]

I see nothing wrong having plan of investing as student and their is no rule that one must have finish his or her degree first before looking into investment. A student who have already graft out a plan of investment will really be of good benefit after rounding up his programme in school. After I graduated from school I regreted not having plans of investment to do. This idea of investing helps one to be independent and not too relying in the government to provide job, so I don't think he is doing the wrong thing. He is just making a good plan for the future.

efforts to save from a young age is a pretty good action if parents apply the saving side to their children. in this aspect I think someone who has a soul to invest since he is still in education then it is a wise enough thing for him.

We must convey ideas like this to our closest relatives from the experience side that we have experienced. I mean if we succeed in getting other people to save from a young age, there will be a sense of pride for ourselves. One of them is to become capital for himself when he successfully completes his education period and he can use that capital to open a business. saving is one of the keys to success to become a rich person.

[Fatunad]

I see nothing wrong having plan of investing as student and their is no rule that one must have finish his or her degree first before looking into investment. A student who have already graft out a plan of investment will really be of good benefit after rounding up his programme in school. After I graduated from school I regreted not having plans of investment to do. This idea of investing helps one to be independent and not too relying in the government to provide job, so I don't think he is doing the wrong thing. He is just making a good plan for the future.

efforts to save from a young age is a pretty good action if parents apply the saving side to their children. in this aspect I think someone who has a soul to invest since he is still in education then it is a wise enough thing for him.

We must convey ideas like this to our closest relatives from the experience side that we have experienced. I mean if we succeed in getting other people to save from a young age, there will be a sense of pride for ourselves. One of them is to become capital for himself when he successfully completes his education period and he can use that capital to open a business. saving is one of the keys to success to become a rich person.

It all starts with parenting and if you do have a parent which they had been molding up their children to be wise when it comes to finances then educating them while on early age would be the key.
This might really be not that really means that you are avoiding some expense but this is something that helps them on being molded to be a person who do knows about priorities and do knows on how to see
on how important saving is. Its not really that actually wasting because wasting is something literally means that you've been using up your funds into something useless, but this one?
You are really that making use of those funds for the sake of emergency funds and on the same time you would be making use of it on investment or other similar purposes.

It is really just a matter on how someone or an individual do really make use of those funds because some are mindful when it comes to future aspect and there are ones who doesnt care at all.

[Gladitorcomeback]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

There is no doubt that it has become extremely difficult to get an education these days.Because the cost of education has increased so much that not everyone can afford to get a good education.Those who have a lot of money are not worried, but those who are financially weak are in trouble.But I have also seen students who do their studies in the morning time and work in a second time somewhere or make their investment somewhere and meet their education expenses from there.If you have money, you should invest it in a small business, a small car as a texi,Or do something that suits your area , and second time after your morning study, you should give time to it.In this way, you will be able to cover your education expenses with your invested money and will also help you to increase your earnings.

You can also invest in crypto currency but the biggest problem you will face there is that you may face loss while withdrawing your money at the time of need.Maybe the cryptocurrency you bought has already depreciated so I wouldn't advise you to do this.Because in cryptocurrency you should always use the amount that is more than you need and you don't have to withdraw that amount when you need it.

So invest your savings in a small business and use your expenses and savings from there.

[AicecreaME]

Well no I do not agree that saving is wasting. But I do think it is all depending on your situation. For a person like you who is spending most of his money on his education I think it is normal to save you money that you have.
 
If we have only a small amount of money we should not invest it. It is just too risky and investment is for people that can afford to lose the investment. For you it is best to save your money for future expenses. If you have a emergency you will want to make sure you can afford to take care of that.

Correct.

Saving becomes a waste of time and opportunities if you have the capability to invest it on something but you chose not to, and that's a choice. If I'm going to be brutally honest, that's really a waste of opportunities because rather than using your money in investment, you always chose to let it sleep on the bank while the bank gets take advantage from it, and you're the one who gets nothing.

But I guess it depends on the person, because to others, they are playing it safe so instead of investment they save it to banks or to their storage, but others prefer to risk it to know the results.

[Wildwest]

As students, of course, we must be able to manage our finances to be able to run our lives that are still limited in the financial department, so in addition to our college there must be a side job so that the little money we have can make savings, because for the future there are still many unexpected expenses that we have to spend, so SAVING IS A WASTE is a tool that is not suitable for those of us who want to develop our future to be better for the future, So investing for now is a future asset that we must have.

[gunhell16]

Yes, with the inflation keeping up as well. Saving is becoming more than a challenge but then if you have a will in doing even in the least that you can.

It will be quite challenging if you want to save up for now, of course there are urgent needs that must be met, and that's what I feel myself for now. Indeed saving is quite important, but we must also be able to see our situation first, if it is not possible it is better not to save.

Well, I guess even if you're in the hardest situation even with a few bucks then you'll be able to save.

But as you've said, this varies per everyone's situation and if you really can't and unable then there's no other option but for you not to. Or else if you want to, you'll find a way and another source of income for you to have that allocation.

That's right, if you're a resourceful person, I doubt that it's impossible that you won't get an allocation for something you need.

Especially in our time, it is not possible to be lazy, we need to be strategic in getting sources of income that don't just focus on one source, we should have more than three sources, even if it is small, at least we have some income coming in.

[Fakhrulenclix]

As students, of course, we must be able to manage our finances to be able to run our lives that are still limited in the financial department, so in addition to our college there must be a side job so that the little money we have can make savings, because for the future there are still many unexpected expenses that we have to spend, so SAVING IS A WASTE is a tool that is not suitable for those of us who want to develop our future to be better for the future, So investing for now is a future asset that we must have.

everyone has different needs and also not everyone is able to set aside money to invest when their needs and income are balanced then what is produced is used up to meet all their life needs.
no matter how economical, if the needs are many and the income is small, it will not be balanced, therefore learning and working beyond the threshold to produce more is the first thing that must be done in order to be able to get what you want or invest in the future without having to save too much.
I think everyone has needs and wants and there is no other way to fulfill them than to work hard.

[firesurfer]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is a practice. Investing early but not having the right method only makes you bankrupt faster in the future. Get into the habit of saving and learning other things first. Your experience with money will help you realize that saving and investing go hand in hand.

[jossiel]

Well, I guess even if you're in the hardest situation even with a few bucks then you'll be able to save.

But as you've said, this varies per everyone's situation and if you really can't and unable then there's no other option but for you not to. Or else if you want to, you'll find a way and another source of income for you to have that allocation.

That's right, if you're a resourceful person, I doubt that it's impossible that you won't get an allocation for something you need.

Especially in our time, it is not possible to be lazy, we need to be strategic in getting sources of income that don't just focus on one source, we should have more than three sources, even if it is small, at least we have some income coming in.

Being lazy at these situations is going to bring you nowhere. You're just wasting the time that's passing by by doing nothing and by being lazy.

Unless you're rich and you've got passive income, well, you all have the means to become lazy or at least they call it a rest day or a vacation. But if you're not into that situation, you have to do something that makes you at a better situation and will help you to finally save at least any amount everytime you receive your pay check.

[STT]

Substitute the word patience for investment and that would explain most of it.   Long term consideration can lead to big gains eventually but not usually immediately, its very different from what is most of the trades we might discuss on this forum or elsewhere in crypto.  The ironic thing for me and quite surprising is that BTC is a long term dynamic to its gains, it can move rapidly but I get why people might say invest for BTC because of this longer term movement in value.
  In theory holding value in crypto would be a kind of saving, you arent spending it while holding BTC and theres a hope of deflation not inflation so a hope the unit appreciates in value vs continuing rising demand.  Saving a currency with big inflation is a type of waste, its not retaining value its losing it but everyone has to be able to plan for their debts properly also.  Inflation is destructive to an economy partly for this reason though in nominal terms the inflation can be confused with growth, its a very muddy view.

[Sorryfor]

Saving money is never a good thing in the future. Because if you don't take the reins of life, success will never come, just as it is better to jump into a business or investment without saving money. There are many people who save money from their school life and later they invest that money in various online platforms. And many online products are bought and sold later at a profit. It is a good way to grow money but there are many people who save their money without investing it and never see any profit from their money. So they are never able to move forward in the future. To move forward in the future, one must invest instead of saving money.

[karmamiu]

Substitute the word patience for investment and that would explain most of it.   Long term consideration can lead to big gains eventually but not usually immediately, its very different from what is most of the trades we might discuss on this forum or elsewhere in crypto.  The ironic thing for me and quite surprising is that BTC is a long term dynamic to its gains, it can move rapidly but I get why people might say invest for BTC because of this longer term movement in value.
  In theory holding value in crypto would be a kind of saving, you arent spending it while holding BTC and theres a hope of deflation not inflation so a hope the unit appreciates in value vs continuing rising demand.  Saving a currency with big inflation is a type of waste, its not retaining value its losing it but everyone has to be able to plan for their debts properly also.  Inflation is destructive to an economy partly for this reason though in nominal terms the inflation can be confused with growth, its a very muddy view.

That is how the tradional banking works and mostly people who saved substancial amount of money realized how hard it is to endure during inflation. If I were to choose investment way back years ago I'd probably choose saving on the bank, but in this day and age? No, I'll choose something that can have a store value such as gold or even crypto even if it is quite a risky gamble.

When money is involved, people tend to panic easily and cannot hold their own emotions. They are easily tempted either to spend that money or if they choose investment, they'd want something that has the highest ROI possible in shortest amount of time.

[Strongkored]

Saving money is never a good thing in the future. Because if you don't take the reins of life, success will never come, just as it is better to jump into a business or investment without saving money. There are many people who save money from their school life and later they invest that money in various online platforms. And many online products are bought and sold later at a profit. It is a good way to grow money but there are many people who save their money without investing it and never see any profit from their money. So they are never able to move forward in the future. To move forward in the future, one must invest instead of saving money.

Investments must be made together with saving, I mean because investing is long term so you will only be able to enjoy the benefits by continuing to save it for the long term and during that period we never know about life because there could be an emergency period where we need cash so we can use savings for emergencies without having to touch the investments we have. Often people fail in their investments because they do not have savings so that in urgent circumstances they will sell their investments even though they have not achieved what was targeted and it is even very possible to sell them at a loss.

[Cryptmuster]

That is how the tradional banking works and mostly people who saved substancial amount of money realized how hard it is to endure during inflation. If I were to choose investment way back years ago I'd probably choose saving on the bank, but in this day and age? No, I'll choose something that can have a store value such as gold or even crypto even if it is quite a risky gamble.

When money is involved, people tend to panic easily and cannot hold their own emotions. They are easily tempted either to spend that money or if they choose investment, they'd want something that has the highest ROI possible in shortest amount of time.

Any investment contains risks, even if it is an investment in gold or real estate, since you need to store gold somewhere so that thieves do not steal it, and real estate, as it turned out, is also not the most reliable type of investment, because it can happen that a war can start and you simply will not have time to sell it, because it will be unnecessary to anyone and may even be destroyed. The investments of the future are mobile investments that you can just take with you and leave in a couple of hours, bitcoin in this case looks very attractive.

[naikturun]

Regarding investing, it is important to remember that investing always comes with risks. While investing can provide a way to potentially grow your money over time, it is not a guarantee. As a student, it is also important to have a solid financial foundation and emergency fund before considering investing.

[puloweh555]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

I can understand that being a student today is not easy, especially in terms of finances. However, I want to emphasize that saving is an important step in managing our personal finances. Saving is not a wasted act, because it helps us prepare an emergency fund and helps us for future education costs.

If you're finding it hard to save, there may be a number of ways that can help. First, try to make a budget and find out where you can cut your expenses. Maybe you can reduce the cost of food by cooking yourself, or find a cheaper alternative to transportation than using a private vehicle. In addition, try to find a side job, even if it's difficult because in your country there are difficult job vacancies, but there's nothing wrong with trying to find something more suitable for your study schedule, such as tutoring, writing articles or looking for a side income online like in this forum. After you have saved and still have money left over, then consider investing in bitcoin.

Because managing personal finances is all about understanding our personal financial situation. So, make sure that the financial decisions we make are in accordance with our personal financial situation for educational needs and for investment.

[cryptoknightt]

Remember it that putting your money in the education is your own investment for your own future so don't waste your money for saving it because of inflation and when you receive it back from bank no much value of things that you can purchase with it. Don't stop your education because of difficult. Keep struggling to succeed because in the future you can use your certificate to search for job and education give you above some people who have no knowledge in your field and that is your advantage.

Agree, maybe saving is a good thing but don't forget to invest the money we have for education, health to make life easier

[WillyAp]

Saving is Wasting?
Nope being able to save is the foundation of many enterprises like i.e MC Donald

[n0ne]

Saving is Wasting?
Nope being able to save is the foundation of many enterprises like i.e MC Donald

In each and every success, savings have got its part. As you've mentioned the foundation will be laid with the savings. Further the investment gives hand. Many people have the wrong perception about savings based on the decline in the money value caused due to inflation. This is true, but the level of risk is low.

[gunhell16]

Saving is Wasting?
Nope being able to save is the foundation of many enterprises like i.e MC Donald

Savings is good if we are doing the right system because if the system is wrong, the money being saved will also be ignored. For example, if you just keep your money at home for me this is not a wise way to do it, because it is better to keep it in the bank so that it somehow has an interest profit even if you don't move it.

Or if you don't trust and doubt the bank, you can also put it in cryptocurrency and make it grow through a staking program, but you must have knowledge about this matter. And one of the good staking programs to do this is the Binance exchange or Biswap and others that are trusted when it comes to staking cryptocurrency.

[Betwrong]

For a student it’s hard to save money because of many expenses.Student need to pay their fees for their academic and need to spend for their daily expenses.Being a student,they need to support their family partial.All can do of saving minimum of 20 percentage of their income.Because the saving will you,not even your brothers help at the needed situation.So better to save atleast of 20 percentage from your income and earnings.You should keep your savings in the crypto currency to earn more from the savings.It’s essential one to save some money for your future as compared to empty pocket.

It depends on what cryto currency you are spending your money. There are many scammers in this field. I would advice to stay away from unknown projects because the risk of losing all invested money is high there. Also, 20% from your current income seems a bit too much to me. 10% is the maximum of what you can afford to lose, imo. And we all agree here, right, that you should invest only what you can afford to lose.

[Bobrox]

Need up progress about saving kinds right now, its not worth you saving money in the bank without increasing up and best thing saving with meaning investing. Cryptocurrency have many kinds of potential coins for investing and student have chance with saving their money in cryptocurrency assets. Potential one or two years later with their coins investment will increase up more than 30% until 60% than saving money in the bank without any increase up and have to pay administration fees for the Bank on ever month.

Change about mindset saving money is not only in the bank but also when investing in cryptocurrency is the best thing how saving our money and potential get double when coins investment reach to higher price.

[Z390]

Savings won't make you reach but it's needy to get you there, if you are running a business you need to save up to improve your business in the future, if you are earning less money you need to save some money and have enough, you will be able to make a good decision using the money someday, e.g invest the money on a start-up business or invest the money in stock or Bitcoin.

Saving is not a waste, old people used savings to take good care of their families, I know that's a long time and that was when life was very easy, today savings will get you somewhere but it's not going to get you rich.

[Dalib]

Savings won't make you reach but it's needy to get you there, if you are running a business you need to save up to improve your business in the future, if you are earning less money you need to save some money and have enough, you will be able to make a good decision using the money someday, e.g invest the money on a start-up business or invest the money in stock or Bitcoin.

Saving is not a waste, old people used savings to take good care of their families, I know that's a long time and that was when life was very easy, today savings will get you somewhere but it's not going to get you rich.

I completely agree that savings are a crucial part of financial planning, especially when it comes to managing a business or personal finances. Saving money can allow individuals to have a safety net in case of unexpected events or expenses, and it can also enable them to invest in future opportunities like a start-up business or the stock market.

While savings may not make someone rich overnight, they do provide a solid foundation for long-term financial stability and growth. It's essential to make savings a part of our overall financial strategy and regularly allocate a portion of our income to savings.

[GigaBit]

Saving is Wasting?
Nope being able to save is the foundation of many enterprises like i.e MC Donald

In each and every success, savings have got its part. As you've mentioned the foundation will be laid with the savings. Further the investment gives hand. Many people have the wrong perception about savings based on the decline in the money value caused due to inflation. This is true, but the level of risk is low.

Everyone needs saving. Savings can make everyone's life more easier. But some expert may suggest investing their savings to protect against inflation. There is no way to denying it according to the current situation. If people invest there will be good return opportunity. And if one does not make any kind of investment, he can at least get some money after a certain period of time which can make his life quite secure. Invest if possible otherwise keep saving.

[WillyAp]

because it is better to keep it in the bank so that it somehow has an interest profit even if you don't move it.

Banks are not really good due to inflation. Crypto well yes one could use a decent coin or 2 but that is also a risk.
Before the economy went haywire people put money in cars, houses, and some properties.
Still the habit of saving is important to dominate. I know a buńch of people who are unable to save.

They seem to hate value. All money they get they spend immediately

[posi]

Saving is Wasting?
Nope being able to save is the foundation of many enterprises like i.e MC Donald

Savings is good if we are doing the right system because if the system is wrong, the money being saved will also be ignored. For example, if you just keep your money at home for me this is not a wise way to do it, because it is better to keep it in the bank so that it somehow has an interest profit even if you don't move it.

Or if you don't trust and doubt the bank, you can also put it in cryptocurrency and make it grow through a staking program, but you must have knowledge about this matter. And one of the good staking programs to do this is the Binance exchange or Biswap and others that are trusted when it comes to staking cryptocurrency.

What makes you not trust banks but can trust centralized exchanges? This sounds crazy because at least the bank is controlled and regulated by the government, if the bank goes wrong, you can also get your deposit back. But if you deposit on centralized exchanges like FTX, you lose everything when they crash.

When talking about saving means you will keep your money in stable assets like fiat, when you put them in crypto, it is called investment. It cannot be called saving as your amount fluctuates daily.

[nesty]

Saving is not wasting, It means saving setting aside of money or resources that we will use in the future, which is a wise financial decision that we will make. It allows us to have a safety net in case an emergency situation arise to our lives. It would help us as well to achieve our financial goals such as investing in real property, crypto currencies and other form of investments. However we need to balance everything between saving and spending so that we cannot miss out experiences and opportunities in the present.

[Ricardo11]

If you ask 100 people whether saving is important, 90 out of 100 will say that saving is important. Just saving is not enough if you don't use the savings properly in real life, it's all worthless. You are not allowed to buy unnecessary things from Saving. If you face any danger in the future, only the money saved can cover it. And when you don't have to ask anyone for money during this crisis, you will understand the benefits of savings. Savings will make it easier for you because it will give you a morale boost when you see that you have the extra money saved after your household expenses. The money you save can be invested somewhere better in the future. Or you can start a good business with this savings.  From which you will benefit greatly. And all this shows that savings is not waste.

[uswa56]

Saving is not wasting, It means saving setting aside of money or resources that we will use in the future, which is a wise financial decision that we will make. It allows us to have a safety net in case an emergency situation arise to our lives. It would help us as well to achieve our financial goals such as investing in real property, crypto currencies and other form of investments. However we need to balance everything between saving and spending so that we cannot miss out experiences and opportunities in the present.

that's true and I think everyone wants to save, but there are some things that hinder it, such as limited income and high cost of living or many needs and wants.
Saving is indeed important for the future, but you shouldn't save too much so that it reduces your needs and desires in life.
spending a little money to meet the needs and desires of life after working and having a hard time getting everything is a natural thing in my opinion without ruling out saving and it doesn't mean that saving is a waste, on the contrary there is more value when we save.

[jossiel]

Agree, maybe saving is a good thing but don't forget to invest the money we have for education, health to make life easier

It's not just a maybe it's a good thing but it's actually a good thing. It will practice you to be better handler of your own money.

You can be an investor without any savings but most investors do also have savings because they need to have cash flow and at the same time, have some savings for themselves and family.

Those sectors you've mentioned, they're given that someone shouldn't forget about having education and at the same time maintain health because it's more than wealth.

[WillyAp]

What makes you not trust banks but can trust centralized exchanges?

I don't trust exchanges at all, they are the middlemen Bitcoin was developped against.

[Kadal Ijo]

Saving is something that makes our money safer because we don't keep money in a house that is prone to damage or theft, but we should never think that by saving, our money will increase, the money we save in the bank will not increase, so it's time for us switch to different types of investments.

[Accardo]

As a student it's difficult to understand what's happening in the real life, and you'll feel like you're wasting time or money, but that isn't the fact.  Many people who are graduates after testing the real life after school feels like rewinding time back to school days. I've come to realize that life is not easy, so enjoy your moment as a student and understand that you're not alone. They're other students with lesser amount of money than yourself, yet their studies comes first before any other thing. Saving can be a waste in the real business world, while in school it'll help you survive some hard times and pay for your text books. So, always learn to manage what you have and read online, they're different boards online for literally any course you're studying in school.

[YinShuiSiYuan]

It is very hard to grow a student because of it’s expansive of all things. Though you have facing many problems, you will have invested half of money in any business or if you have little knowledge about crypto, you can invest in crypto world. On the other hand, half of money, you save for emergency or other important things.

Saving can never be wasted and it will help you on emergency times . But along with saving its better to invest your money in some business to get profits in future because in today's time and ongoing inflation saving alone can't save you from financial crisis. 
You have to take risks and think out of the box.

[jokers10]

Saving is something that makes our money safer because we don't keep money in a house that is prone to damage or theft, but we should never think that by saving, our money will increase, the money we save in the bank will not increase, so it's time for us switch to different types of investments.

Saving doesn't only mean you hold your money in the bank. You can save money in any other places, including at home. You just don't spend them and don't invest in anything not highly liquid, and in case of OP not stable. In case of OP it is to have some stash for unexpected expenses.

Of course it is good to have some amount just in case, but if to save money for it involves present cuts in important and necessary expenditures, it is a waste, because if you really need something your needs won't disappear and inflation can cut part of your savings. Moreover some needs can demand more investment with time. So it is important to manage your finance wisely and not to be too obsessed with saving.

[Abiky]

Saving doesn't only mean you hold your money in the bank. You can save money in any other places, including at home. You just don't spend them and don't invest in anything not highly liquid, and in case of OP not stable. In case of OP it is to have some stash for unexpected expenses.

Of course it is good to have some amount just in case, but if to save money for it involves present cuts in important and necessary expenditures, it is a waste, because if you really need something your needs won't disappear and inflation can cut part of your savings. Moreover some needs can demand more investment with time. So it is important to manage your finance wisely and not to be too obsessed with saving.

Saving cash at home is not recommended, especially when you won't earn any interest rates. How would you offset the negative effects of inflation if your money remains static? That's where savings accounts, Certificates of Deposit, and IRAs come in (banks). Or you can choose Bitcoin and Gold to save money if you don't mind about the risks.

I understand not many people will be able to save money this time due to the high cost of living. Only those with "spare money to lose" will be able to do it. The decision is entirely up to you. As long as you don't spend more than what you earn, there should be nothing to worry about. Just my thoughts

[Fatunad]

Saving doesn't only mean you hold your money in the bank. You can save money in any other places, including at home. You just don't spend them and don't invest in anything not highly liquid, and in case of OP not stable. In case of OP it is to have some stash for unexpected expenses.

Of course it is good to have some amount just in case, but if to save money for it involves present cuts in important and necessary expenditures, it is a waste, because if you really need something your needs won't disappear and inflation can cut part of your savings. Moreover some needs can demand more investment with time. So it is important to manage your finance wisely and not to be too obsessed with saving.

Saving cash at home is not recommended, especially when you won't earn any interest rates. How would you offset the negative effects of inflation if your money remains static? That's where savings accounts, Certificates of Deposit, and IRAs come in (banks). Or you can choose Bitcoin and Gold to save money if you don't mind about the risks.

I understand not many people will be able to save money this time due to the high cost of living. Only those with "spare money to lose" will be able to do it. The decision is entirely up to you. As long as you don't spend more than what you earn, there should be nothing to worry about. Just my thoughts

Its not actually bad as long it would really be just that sufficient on your day to day expenses because there are really things which could happen unexpectedly which means that if you dont have cash just because you had put it up on investment which you cant pull off those money instantly, then what would you gonna do? You would definitely be fucked up on that particular time and ending up on getting some loan just because you dont have enough cash on your pocket. It is really that that insensible on taking such action on storing huge cash on your own house and it would be rather be better to put up on banks but since we do have different perspective when it comes to bank storing and investment then it would really be basing up on someones choice and preference. Saving on having on banks arent bad either as long you do have some
several investment or source of income then this is where we should really be that prioritizing or would be focusing because this is where we could potentially earn.

[axxo]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

Saving is not wasting, saving is a wise financial decision to make to help us to achieve our goals in life. As a student there are several ways to save money such as create your own budget and stick to it, this will help you to monitor your expenses and to avoid overspending. Avoid unnecessary expenses like eating on of fast foods that is too expensive nowadays, or buying branded clothing's. You can buy also second hand textbooks so that you can save. Look for a part-time jobs to earn extra income.

[Betwrong]

because it is better to keep it in the bank so that it somehow has an interest profit even if you don't move it.

Banks are not really good due to inflation. Crypto well yes one could use a decent coin or 2 but that is also a risk.
Before the economy went haywire people put money in cars, houses, and some properties.
Still the habit of saving is important to dominate. I know a buńch of people who are unable to save.

They seem to hate value. All money they get they spend immediately

I wouldn't blame them if they were people of low income. In fact, I was in their place for quite some time in the past: when if you manage to earn some money you spend it right away, mostly on food for you and your kids. But even if have some spare money in the end of the month, and you are student like the OP here, I wouldn't recommend saving, or investing in anything besides your education. Your knowledge will bring you not only money in the future, but also a better idea of what to do with the money you have.

[ajiz138]

Saving cash at home is not recommended, especially when you won't earn any interest rates. How would you offset the negative effects of inflation if your money remains static? That's where savings accounts, Certificates of Deposit, and IRAs come in (banks). Or you can choose Bitcoin and Gold to save money if you don't mind about the risks.

I have never kept a lot of money at home except for my daily needs, now many put it in the bank because those who believe in saving money there because they feel safer them, especially since there are offers of deposits from banks with interest rates every year However, this will not avoid inflation every year because every time the fiat value always weakens.
Storing in bitcoin is too risky for those who still lack confidence in its stability, but the average person's deposit is in gold which has a stable value even though gold now has to pay taxes on its holdings.

I understand not many people will be able to save money this time due to the high cost of living. Only those with "spare money to lose" will be able to do it. The decision is entirely up to you. As long as you don't spend more than what you earn, there should be nothing to worry about. Just my thoughts

The high cost of living is unavoidable because of how we socialize, if we save more than what we earn every month it doesn't matter, the most important thing is that it must be balanced with the cash flow we get, the important thing is to shop according to our needs, don't overdo what we need to buy only be goods that do not need properly.

[WillyAp]

I wouldn't blame them if they were people of low income.

Most people here have a low income.
To get a start up Capital you can even get a a smallish budget if going hungry now and then. What do you need 15 pairs of low quality shoes for?
That is the art of saving, saving for a purpose.

[Unbunplease]

The high cost of living is unavoidable because of how we socialize, if we save more than what we earn every month it doesn't matter, the most important thing is that it must be balanced with the cash flow we get, the important thing is to shop according to our needs, don't overdo what we need to buy only be goods that do not need properly.

You should always understand that living according to a plan is impossible these days. You can lose all of your savings in an instant because of the collapse of the bank where you keep your money, or because of a relative's serious illness. Many other mishaps can also happen. Let's not forget the depreciation of money. So yes, saving money is necessary, but life is a lottery.

[Jamala]

Saving cannot be said to be wastage. People actually save for investment because bulk money doesn't come especially for salary earners except entrepreneurs who could get some huge sum of money from a deal. Even they too save.

[cryptoknightt]

Well I wouldn't entirely agree with you that saving is wasting, saving makes you not to spend money on frivolous things and things ordinarily you don't need and it helps to save you for the rainy days.

Even the wisest economist will advise you to put money aside. Due to your low income as a student, the money in your pocket is intended for educational expenses. But if, after your daily expenses, you still have some money left over, I think you should save; you'll be glad you did.

It is true that saving is not completely in vain. An example of the positive impact of saving is that we have priorities in shopping, makes us wiser in using money, makes us know what we need and what is not our priority.

[Supreemo]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

i can actually relate to your situation right now but for me you should prioritize first your studies and save money little by little, as we all know there's so many fees in school and we have to pay in order for us to continue our studies. putting your savings in investment is not actually a good idea as a student,  it's up to you taking risk decisions but you should know the possible outcome too.

[blockman]

Saving cannot be said to be wastage. People actually save for investment because bulk money doesn't come especially for salary earners except entrepreneurs who could get some huge sum of money from a deal. Even they too save.

There are people who save because they just want to save and they're afraid of taking any investment. That's different from people that save because they're going to invest their money in something else that they know will grow their money. I wouldn't say that those that are savers just for the sake of saving money are wasting also their time and money. But, it's like having a fund that they can spend whenever they are and that's liquid cash. While those people that save for investments, it might take time until they manage to get that money back for a specific period of time and it's not as liquid as the saved money unless it's on the crypto market where they can sell it as soon as possible when they're in need of money.

[xSkylarx]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

i can actually relate to your situation right now but for me you should prioritize first your studies and save money little by little, as we all know there's so many fees in school and we have to pay in order for us to continue our studies. putting your savings in investment is not actually a good idea as a student,  it's up to you taking risk decisions but you should know the possible outcome too.

Saving in investment is a good idea for students because it can made you aware on how to have discipline  while doing your studies also the better approach on this is that he is just turn between the two for the purpose, it is better he should start saving now regardless of the purpose and as the time goes by he will then discover what is better, just save it that is difficult to get like a piggy bank and if it is already accumulated overtime then that is the time he will decide if it is for investment or not.

[barisbilgili]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

i can actually relate to your situation right now but for me you should prioritize first your studies and save money little by little, as we all know there's so many fees in school and we have to pay in order for us to continue our studies. putting your savings in investment is not actually a good idea as a student,  it's up to you taking risk decisions but you should know the possible outcome too.

Saving in investment is a good idea for students because it can made you aware on how to have discipline  while doing your studies also the better approach on this is that he is just turn between the two for the purpose, it is better he should start saving now regardless of the purpose and as the time goes by he will then discover what is better, just save it that is difficult to get like a piggy bank and if it is already accumulated overtime then that is the time he will decide if it is for investment or not.

saving or investing is something that is done after fulfilling all needs and desires, when you have more money after all that is fulfilled then deciding to invest is the right choice for a better future, that applies to anyone young or old the difference in terms of investing and saving because everyone needs it to live better in the future.
even though it's a good thing but something must be prioritized before doing that, and I don't agree with people who refrain from all desires just to invest.

[awik p]

Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.

i can actually relate to your situation right now but for me you should prioritize first your studies and save money little by little, as we all know there's so many fees in school and we have to pay in order for us to continue our studies. putting your savings in investment is not actually a good idea as a student,  it's up to you taking risk decisions but you should know the possible outcome too.

Saving in investment is a good idea for students because it can made you aware on how to have discipline  while doing your studies also the better approach on this is that he is just turn between the two for the purpose, it is better he should start saving now regardless of the purpose and as the time goes by he will then discover what is better, just save it that is difficult to get like a piggy bank and if it is already accumulated overtime then that is the time he will decide if it is for investment or not.

saving or investing is something that is done after fulfilling all needs and desires, when you have more money after all that is fulfilled then deciding to invest is the right choice for a better future, that applies to anyone young or old the difference in terms of investing and saving because everyone needs it to live better in the future.
even though it's a good thing but something must be prioritized before doing that, and I don't agree with people who refrain from all desires just to invest.

Investing can be done if our lives are guaranteed, at least we already have savings for the next 1 year of life, so that we can raise money to make investments, in ongoing investments there will be no financial difficulties to meet our daily needs. this is closely related to psychological problems to hold on in the long term. a common mistake is that people force themselves to make investments, and when there is difficulty with money to make ends meet, while the investment is still in a floating minus, and eventually it falls apart. the thing to remember is that we invest, means ready to hold in the long term

[Joshika]

I don't think so, saving is wasting even it was good ideas for future plan. It depends on what you mean by saving money. Saving is an important habit it will be so usefull at the right time. it helps to cover future expenses, managed financial stress, plan for vacation or more. It might motivate to save more and the main thing we don't have to dependent upon others when we need financial support  that saving will help and it will be the proud moment for yourself.

[Bitcoin2009]

I think so, saving is wasting because we don't get anything extra when saving, in my country the current bank interest is only about 5% per year, if it is subject to fees and taxes then only 2.5% per year remains, and inflation which usually occurs is more than 4% so that saving is a loss because the value of our money decreases.

[gaston castano]

Since you are currently involved in education, you should focus more on education matters first. Because there is a certain age limit for obtaining each degree, after crossing that certain age limit, even if you want to, you can no longer study. If God keeps you alive, you will have lifetime time to invest but once the time you are spending on education is gone, you will never get that time back. And spending money on education is never a waste. Spending money on wasteful or illegal activities is money wasting. 
If the money you have is not fully spent on your education then you can decide to invest but education is important for you first.

Education can provide individuals with important skills and knowledge that can help them achieve their goals and improve their lives. While it's true that there may be age limits for certain degrees, there are still many opportunities for learning and skill-building throughout one's life.

[diminizio]

don't force it. investing here is not in a hurry if you are still following other people's words how can you invest where your confidence in your investment is tested when bad news and negative market trends take place. and how do you control your emotions when the coin you hold is rising, do you want to sell it according to the target or keep holding it until you don't know how high it is because of greed.

[asyakashi]

no need to rush for you want to invest here. Try asking yourself again, are you also ready for the losses and how far are you ready to make and lose, how far is your theory in project analysis. my friend even took a year to understand candle patterns and indicators to really get into trading here. This is a true story not to scare.

[Betwrong]

I wouldn't blame them if they were people of low income.

Most people here have a low income.
To get a start up Capital you can even get a a smallish budget if going hungry now and then. What do you need 15 pairs of low quality shoes for?
That is the art of saving, saving for a purpose.

I agree. It's better to have 2 pairs of high quality shoes instead. This also applies to many other things: clothes, food, utensils, various tools. That's how we lose money, we buy stuff that we don't need or of low quality. We are left with nothing to save because of that.