Saving is Wasting?

[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.