Saving is Wasting?

[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.

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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.