Try to save money while you still can, will you ?

[huu78]

yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.

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[molsewid]

yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.

Yes, we should learn to save and have some different allocation depending on its purpose. We should learn to separate savings for investment, savings for gambling if you are playing for fun, savings for emergency funds, better to have a different plan for health related so that allocation for emergency will not be used, it is really hard to save nowadays for people like me but I know soon I will have those, that's why I am working very hard and smarter now.

[jossiel]

All rich people are aware of that thing and that's one of the reasons why they're financially free and good with handling money.

They know not just to save but also to invest and how to manage their stuff that relates to finances. Majority of the rich people didn't become rich through their luck but all with hard work and because they're also smart.

Learning from them will also give us the tip on how we should make ourselves from point A to point B as if we've got nothing into having something.

Majority indeed, they put their focus and time to find the best way to increase and grow their savings, not just an ordinary savings but they find the best way to invest and to make sure that they are working with the right investment, success depends from how they seriously take it and how they look for the right patterns.

If they put their money into business, they are not just put it without doing research and they really taking their time to make sure that they are executing their plans.

They know that inflation will kill the value of their wealth eventually so instead of saving all of their money in the bank, they set aside what's for savings and what's more for investing.

That's the reason why many of them becomes richer every time there's an opportunity to invest and they do it without any doubt.

They only take time to assess the risk if it's okay for them and that's it, as long as they know what they invest in, there's no other call for it and they spread it as much as they do to lessen its risks.

[Little_Sister]

They know that inflation will kill the value of their wealth eventually so instead of saving all of their money in the bank, they set aside what's for savings and what's more for investing.

That's the reason why many of them becomes richer every time there's an opportunity to invest and they do it without any doubt.

They only take time to assess the risk if it's okay for them and that's it, as long as they know what they invest in, there's no other call for it and they spread it as much as they do to lessen its risks.

Saving at a bank will not provide benefits other than the interest offered by the bank, but when the impact of inflation causes the value of the currency to drop and we have to buy anything at a higher price. So it's better that most of your funds are diverted to gold and crypto investments, I have both for future assets and the impact when the two increase, we will see satisfactory asset values because the value of our assets will continue to increase.

[panganib999]

Hardship or not it's always best to save up and divvy your savings into different types. nowadays you can't just make a super savings account that would handle all your needs like emergency or investments, that's a death wish and would almost always spell failure for your savings. Either create one for conventional savings, and another for emergency, or basically everything else but make sure you have a separate savings account you can use for when shit hits the fan. That would almost always ensure that rain or shine, and even if you deplete your savings to its last penny, you still have a few other savings and you will not be zeroed out.

[blockman]

I am saving a little bit from what's left of me but mostly, I keep everything in my investments like bitcoin. But we've got the same reason, as you save for your future, I do invest for my future as well. I have the discipline in investing but whenever is cash in my hand, I have no idea how it's so quick to be gone. 
That's why the only way is to put that into investments so that I won't touch it anymore. We have to save and invest from now on, as we've seen the world's economy is unstable and we don't know what might happen soon. There's a reason why we should do that so whenever a turnover comes into our lives, we've got something that we can use in times of need. Whether it's from your investments or savings, you've come prepared to deal with it.

[milewilda]

I am saving a little bit from what's left of me but mostly, I keep everything in my investments like bitcoin. But we've got the same reason, as you save for your future, I do invest for my future as well. I have the discipline in investing but whenever is cash in my hand, I have no idea how it's so quick to be gone. 
That's why the only way is to put that into investments so that I won't touch it anymore. We have to save and invest from now on, as we've seen the world's economy is unstable and we don't know what might happen soon. There's a reason why we should do that so whenever a turnover comes into our lives, we've got something that we can use in times of need. Whether it's from your investments or savings, you've come prepared to deal with it.

Savings is a must thing but not fully be put up in fiat form but rather it should really be put up on some investment like crypto or other assets like real estate or other investment which arent on fiat form which you do know that it could really be able to provide out some potential earning or income which you could really make use of on the time that you do really need it or simply that could generate more income.
We are really that prioritizing on things which we do really like specially on making money and able to survive into those hard time specially if its needing up some funds
considering that we are living on a world where inflation and recession is inevitable.

[youdacapt]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

While growing up, my grandfather used to define savings as a "lifesaver", as an individual if we face a difficult phase in life and theres not many people to help out. Our first and most important savior is our savings. My humble advice is that irrespective of how little or how much funds we are earn as individual, it is important to delegate little of it for savings either weekly, or monthly, or quarterly. It will always come in handy

[blockman]

I am saving a little bit from what's left of me but mostly, I keep everything in my investments like bitcoin. But we've got the same reason, as you save for your future, I do invest for my future as well. I have the discipline in investing but whenever is cash in my hand, I have no idea how it's so quick to be gone. 
That's why the only way is to put that into investments so that I won't touch it anymore. We have to save and invest from now on, as we've seen the world's economy is unstable and we don't know what might happen soon. There's a reason why we should do that so whenever a turnover comes into our lives, we've got something that we can use in times of need. Whether it's from your investments or savings, you've come prepared to deal with it.

Savings is a must thing but not fully be put up in fiat form but rather it should really be put up on some investment like crypto or other assets like real estate or other investment which arent on fiat form which you do know that it could really be able to provide out some potential earning or income which you could really make use of on the time that you do really need it or simply that could generate more income.
We are really that prioritizing on things which we do really like specially on making money and able to survive into those hard time specially if its needing up some funds
considering that we are living on a world where inflation and recession is inevitable.

Yeah, inflation will be taking a big portion of its current value and that's why it's best to be placed into any investment that we understand. In my case, it's mostly with bitcoin and that's my savings that I'm treating right now. It may not be in the form of fiat but we know that fiat's printing during the intense height of the pandemic made its value lower due to its supply. Whilst for bitcoin, we're all aware that it's got a supply limit and its transparent on how many were in there in the economy circulating but we just don't know how many have been lost forever and that makes it worthier because it adds value to the current bitcoin in circulation now. I just don't know if I'll be selling if I want some or if I'd remain firm waiting for the next bull run and with the another bull after it. Hopefully that all of us meet for those next bull runs.

[Mario Yamasaki]

If we have clear goals then the best thing is to always maintain that commitment, always focus and never be tempted to spend money on unnecessary things such as changing gadgets, changing cars, and so on, remember that the future of the economy is unpredictable so we must always Make saving and investment a priority.

[bitgolden]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

I started doing this again this month, I haven't done it in a while because I was fighting against debt and some life troubles but thankfully it looks like I finally have everything under control. Nearly no debt (just a small amount) and hopefully life troubles are behind unless some new one comes up.

But the realty is that saving money doesn't seem like an easy thing, not like I remember at least, it looks like a troubling thing in the end. I feel like we are talking about something that goes against humans mind, because having money but not spending it and living a worse life than you could if you spent it is always a hard thing in our brains.

[jossiel]

They know that inflation will kill the value of their wealth eventually so instead of saving all of their money in the bank, they set aside what's for savings and what's more for investing.

That's the reason why many of them becomes richer every time there's an opportunity to invest and they do it without any doubt.

They only take time to assess the risk if it's okay for them and that's it, as long as they know what they invest in, there's no other call for it and they spread it as much as they do to lessen its risks.

Saving at a bank will not provide benefits other than the interest offered by the bank, but when the impact of inflation causes the value of the currency to drop and we have to buy anything at a higher price. So it's better that most of your funds are diverted to gold and crypto investments, I have both for future assets and the impact when the two increase, we will see satisfactory asset values because the value of our assets will continue to increase.

It differs from what we think about the banks, if you just want a safe keeping then banks are the way to go and don't just look at the interest because of those interest rates means nothing because they're too small.

But if the worry that your money in the bank will be lesser in value, I do agree with you that it should be put in assets that you think will make it grow and beat the inflation.

Perfect example is bitcoin and then next is gold as you've said but since we're in a bitcoin forum, we're all bias about bitcoin but I guess bankers will have to agree with that.

[Kelvinid]

yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.

Yes, we should learn to save and have some different allocation depending on its purpose. We should learn to separate savings for investment, savings for gambling if you are playing for fun, savings for emergency funds, better to have a different plan for health related so that allocation for emergency will not be used, it is really hard to save nowadays for people like me but I know soon I will have those, that's why I am working very hard and smarter now.

It was what we called budgeting management. And savings should be given importance at this time as we never know what will await us in the next couple of days. Indeed, we can just put aside some emergencies that need money on time and it was hard if we don't have any savings or anything that could help us out. Thus, if we are not doing this in the previous years, it is a must to have started it now. But this actually works when there is good planning and must also be consistent with it otherwise, we just fail.

[soramon]

Saving is always be a good choice for life. I think every parents in this world taught us to save our money. Especially with current economic condition that so unstable. I hope your friend can find another job as soon as possible.

[Bitcoin2009]

When we have income then never spend it all, we must always think that the future will have many challenges so that it requires a lot of money or costs, especially when we get older and have no income then we will cry hungry, the best thing is to dare to invest or save money regularly and never be tempted to buy things that are not important.

[SOKO-DEKE]

When we have income then never spend it all, we must always think that the future will have many challenges so that it requires a lot of money or costs, especially when we get older and have no income then we will cry hungry, the best thing is to dare to invest or save money regularly and never be tempted to buy things that are not important.

Yes, it very important to save money for future purpose especially for some emergencies.but that will depend on someone sources of income because are they are a lot of people out there that even their incomes can not solve their problems. so does kind of people will found it difficult to have savings, so we can only have savings when we do have sufficient income. Or are we expecting a family man that is receiving 250 dollars per month with two kids to have a savings?I don't think that can work because the money can't solve his problem or need manage again.

[Fredomago]

yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.

Yes, we should learn to save and have some different allocation depending on its purpose. We should learn to separate savings for investment, savings for gambling if you are playing for fun, savings for emergency funds, better to have a different plan for health related so that allocation for emergency will not be used, it is really hard to save nowadays for people like me but I know soon I will have those, that's why I am working very hard and smarter now.

It was what we called budgeting management. And savings should be given importance at this time as we never know what will await us in the next couple of days. Indeed, we can just put aside some emergencies that need money on time and it was hard if we don't have any savings or anything that could help us out. Thus, if we are not doing this in the previous years, it is a must to have started it now. But this actually works when there is good planning and must also be consistent with it otherwise, we just fail.

Good planning will allow you to execute things well, if you start planning and you work on it the right way then you will be able to save up, a matter of how you project your target and how serious you are in achieving your goals, as long as you can limit your expenses and you able to minimize the way you spend your money, you can do things and will save you in terms of financial aspects.

[Fatunad]

yes, we should understand and learn if a situation like this happens again, like your friend who lost his job and then he can't support his family, that's why if he has savings maybe he can survive for a while while looking for work or income from other sources.

Yes, we should learn to save and have some different allocation depending on its purpose. We should learn to separate savings for investment, savings for gambling if you are playing for fun, savings for emergency funds, better to have a different plan for health related so that allocation for emergency will not be used, it is really hard to save nowadays for people like me but I know soon I will have those, that's why I am working very hard and smarter now.

It was what we called budgeting management. And savings should be given importance at this time as we never know what will await us in the next couple of days. Indeed, we can just put aside some emergencies that need money on time and it was hard if we don't have any savings or anything that could help us out. Thus, if we are not doing this in the previous years, it is a must to have started it now. But this actually works when there is good planning and must also be consistent with it otherwise, we just fail.

Good planning will allow you to execute things well, if you start planning and you work on it the right way then you will be able to save up, a matter of how you project your target and how serious you are in achieving your goals, as long as you can limit your expenses and you able to minimize the way you spend your money, you can do things and will save you in terms of financial aspects.

Planning is all we do really need, take up some goal line or target on which you would really be that trying out to achieve rather than on having no at all.We know that economic situations getting more and more worst
as years passing and as an individual or having that your own family then its really that understandable that you should make out back up plans for you to earn more so that you could really be having that savings.
Some would really be deciding on having no savings on bank but there are ones who would really be diversifying through investment which is something that recommended
if you are really trying to earn or generate income for longer runs.

[ichsan ardi]

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

Judging from this case, it can be concluded that we must have an emergency fund, these funds can be very useful so that we don't panic when we are fired when there is an unlucky day disaster or a very unexpected situation.

[Jody.Drummer]

When we have income then never spend it all, we must always think that the future will have many challenges so that it requires a lot of money or costs, especially when we get older and have no income then we will cry hungry, the best thing is to dare to invest or save money regularly and never be tempted to buy things that are not important.

Not everyone realizes this and it seems like most people who have this kind of thinking have had their share of mistakes, and that includes me. Many people are still living in poya poya, they work for a month and spend their money in just 1 night. I have many friends like that, and when I advise them they don't listen because they are still financially stable. But I have never regretted giving that advice, because in the end he realized that what I said was true. And evidently, some of my friends approached me and regretted not listening to what I had to say.