Saving is Wasting?

[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.