Saving is Wasting?

[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

[1714753794]

1714753794

[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.