Saving is Wasting?

[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)

[1715561585]

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[1715561585]

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[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.