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

[Haunebu]

Am more of a present focused dude which matters more to me than the past or future which is why I tend to save money less often which helped me enjoy a great lifestyle without overthinking to be honest.

Saving money in any form is always a good thing, but overdoing it due to fear is a bad thing.

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[Aanuoluwatofunmi]

Any people and business investors wish having a constant savings but there are many factors that deter them from achieving having savings as desired by them, there are sone unforeseen circumstances that are inevitable and one have no option than to embrace the responsibility and the fund that could have gone on savings will definitely go for such, this makes some of them wise enough to discover another idea on source of income whereby they don't rely on their single source, but they many one or two other financial sources to help achieve their targets on income and savings level.

[Smartprofit]

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 ?

In each country, the economic crisis manifests itself in different ways....

In my country, the economy is currently undergoing a transformation and therefore new vacancies are appearing in the labor market. 

This is due to the partial mobilization (for the purposes of combat operations) of more than 300 thousand people of the most able-bodied age.  In addition, a large number of young people emigrated to other countries (Georgia, Armenia, Finland, Mongolia, Thailand, etc.).  As a result, there is a shortage of middle and top managers in the labor market.  At the same time, similar specialists with experience working in foreign companies cannot cope with this work, as they are used to focusing on job descriptions, and working in an economic crisis and difficult political realities requires completely different competencies. 

At the same time, young people are in no hurry to fill vacancies, as they fear a new wave of mobilization, in which employers will help military registration and enlistment offices to recruit their employees (mandatory) into the ranks of the armed forces.  Thus, a paradoxical situation is emerging - there are many jobs in the country, but men are in no hurry to fill the existing vacancies.  Risks and uncertainty are very high. 

In other countries, the situation is probably quite different....  Your friend needs to make decisions based on existing realities, in any even the most difficult situation you can find a way out.

[Dr.Osh]

The mistake for people who have one job is that they are so comfortable with their job that they forget to set up a business that can provide them with reassurance when they leave their main job. what you did was right. help your friends as best you can. however, you also need to save and think about a business to build. so that when that happens to you, you still have other sources of income. we never know what will happen to our work in the future. Besides, I've heard the saying, if we only have one source of income, then we only need one step to fall. So, try to think of business ideas that can provide you with sufficient additional income.

[fadhilz123]

i will if i still can save money so i can save money, then invest to business or something to gain passive income, but to go to level that is not easy, first must have income then make it bigger and can save money then the last invest it to gain passive income.

Not easy doesn't mean it can't be taken, because when you can explain it so easily, it means you already know how and the path you are going to take is already there. It's just that you need to do that to reach a level that you don't think is easy, because there are many successful people who used to struggle from small to get to a big level. So everything can be done with hard work and patience without complaining when you see something that is not very easy to do.

[samcoin]

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,

Unfortunately, inflation is hitting the whole world the hard way, and people who weren't prepared for such a financial situation are the people who suffer now. Most people are consuming their savings and some are forced to sell a property or a car.
My advice for anyone who has a bad situation is to lower their expenses to the lowest possible level and try to find another job in order to cover their needs and don't find themselves forced into selling something they own. In my opinion, the current situation won't last long, maybe till the end of this year, but one should be prepared for a longer period.

I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

If you want to save money, the baddest way is to save it in the fiat form. You can buy Bitcoin or any other trustworthy crypto currency, or even gold, because the fiat currencies are going to collapse sooner or later.

[JoyMarsha]

I often advise those around me to "don't depend entirely on your day job." Get a side hustle because the job that is supporting you and your family may fire you at any time when you least expect it.

In the society we live in, nothing is guaranteed to be by our side forever. Try to engage in other side hustles so that, should this door close, you still have access to other opportunities in whatever situation you find yourself in tomorrow.

[Mahanton]

I often advise those around me to "don't depend entirely on your day job." Get a side hustle because the job that is supporting you and your family may fire you at any time when you least expect it.

In the society we live in, nothing is guaranteed to be by our side forever. Try to engage in other side hustles so that, should this door close, you still have access to other opportunities in whatever situation you find yourself in tomorrow.

I have already experienced such scenario on which i got fired on my day job and leaving me on disaster because there are not other sources on which i could depend on.I have learned a lesson into those days
but luckily i did able to find up some job that in short time and then later on i did make out to decide on having that side hustle or income on which it could give out more chances of profiting plus having the opportunity
for you to save up more aside from your daily job income. Savings is important because we dont know on what comes next into our lives on which it would be normal that unexpected things to happen
and this is where these things would be relevant and could help.

[BRINIRHA]

Any people and business investors wish having a constant savings but there are many factors that deter them from achieving having savings as desired by them, there are sone unforeseen circumstances that are inevitable and one have no option than to embrace the responsibility and the fund that could have gone on savings will definitely go for such, this makes some of them wise enough to discover another idea on source of income whereby they don't rely on their single source, but they many one or two other financial sources to help achieve their targets on income and savings level.

having more sources of income is indeed an important thing and must be done. because it can indeed help us to be easier to set aside money to save and invest. and extra income also allows us to refrain so much from shopping for pleasure. but getting extra income is not as easy as imagined. because we have to be ready to work harder and we also have to be ready to have our rest time reduced. but one thing we must not forget is that we must maintain our health. we have to work hard but we must not forget that the results of our hard work will not be enjoyed if we are in an unhealthy condition.

[Dewiana]

The first and foremost step towards surviving a tough economic condition is to avoid becoming panic stricken. Keep yourself calm and do not wait for the worst to happen. Also, keep a tab on your monthly expenses, as mostly at times things get difficult when we do not have a proper insight into what we are spending money on.

Dude, he's not alone. there are still a great many people who are in the position of losing their job, who do not have the skills and other abilities to be able to find another job quickly. My suggestion is this help your friend to gain new skills, learning something new can give him a chance to get back his roots or his job after this financial crisis.

It's true that since childhood, maybe we've heard that save a little from school snacks though a little bit, then over time without realizing that money we can buy assets or invest in other things. But we read that in the current market economy, almost all lines are squeezed, novice entrepreneurs can no longer survive
so that many are closed, there are also large companies that cut employees on a large scale with no effect able to provide wages, so the solution that we can describe as a way to save is that we continue to follow digital projects even though it's economic is down but we can still save. current crypto solution provider

[Minecache]

Am more of a present focused dude which matters more to me than the past or future which is why I tend to save money less often which helped me enjoy a great lifestyle without overthinking to be honest.

Saving money in any form is always a good thing, but overdoing it due to fear is a bad thing.

Saving means limiting spending on useless things, and not being too lavish with unnecessary things, thrift does not mean fasting, fasting, or living austerely to save. Saving won't make us rich, and we can't have a better life by saving. Instead, you should find ways to increase your income and reward yourself, not be too stingy. I like your way of life, we only have one life to live, so live it to the fullest don't be too stingy with yourself.

[mvdheuvel1983]

It is too risky to wait until danger strikes before thinking of saving. Saving starts at the point of budgeting. I can also understand why savings may be difficult in this present day. A lot of economies are facing inflation, recession, and a general meltdown. Salaries are not even enough to sustain an unmarried person not to talk of a person who is married with kids.
The income is so small that it is almost impossible to have any savings. If you can save. No matter how little save. Even if it is just 2 percent of your income or whatever money that comes into your account, save.

[Lorence.xD]

It is too risky to wait until danger strikes before thinking of saving. Saving starts at the point of budgeting. I can also understand why savings may be difficult in this present day. A lot of economies are facing inflation, recession, and a general meltdown. Salaries are not even enough to sustain an unmarried person not to talk of a person who is married with kids.

Savings should be a lifestyle if you're aiming for future consequences. Like being practical to common things before impulsively spending your money or income. It's not only applicable for "in case of emergency" type of savings such as accidents, but for future expenses that you'll have to pay soon. As the OP mentioned, it would be hard to have savings as the economic situation worsen. Since prices go up in the market but the incomes of the people remain the same. For you to overcome this situation it would be better to have proper planning to money and be practical. OP also mentioned marriage which also involved family planning that concern the financial status of a persons if they can support to build a family. If you can't, don't

The income is so small that it is almost impossible to have any savings. If you can save. No matter how little save. Even if it is just 2 percent of your income or whatever money that comes into your account, save.

Save is save, any amount would count as save as long you don't planning to use that money sooner or later. Let's always think ahead for us to be motivated to keep our money save or much better invest it. But I don't recommend it since low income which you can't afford to risk more money in a volatile system.

[Fredomago]

I often advise those around me to "don't depend entirely on your day job." Get a side hustle because the job that is supporting you and your family may fire you at any time when you least expect it.

In the society we live in, nothing is guaranteed to be by our side forever. Try to engage in other side hustles so that, should this door close, you still have access to other opportunities in whatever situation you find yourself in tomorrow.

I have already experienced such scenario on which i got fired on my day job and leaving me on disaster because there are not other sources on which i could depend on.I have learned a lesson into those days
but luckily i did able to find up some job that in short time and then later on i did make out to decide on having that side hustle or income on which it could give out more chances of profiting plus having the opportunity
for you to save up more aside from your daily job income. Savings is important because we dont know on what comes next into our lives on which it would be normal that unexpected things to happen
and this is where these things would be relevant and could help.

Limiting your expenses and practice yourself to use your money from what you need and not what you want, a very basic principles that can lead you to save some spare and be in use for emergency or for your investment, finding side jobs or money making investment would help a lot to save a good amount of money.

Though there's always difficulty when you are still starting but once you find the right path, investment might bring you decent benefits.

[Inwestour]

Saving means limiting spending on useless things, and not being too lavish with unnecessary things, thrift does not mean fasting, fasting, or living austerely to save. Saving won't make us rich, and we can't have a better life by saving. Instead, you should find ways to increase your income and reward yourself, not be too stingy. I like your way of life, we only have one life to live, so live it to the fullest don't be too stingy with yourself.

That's right, we should be focused not on how to save as much as possible, but on how to earn more. Only in this way can we ensure a good standard of living for ourselves and this will allow us to save without any damage to ourselves.

If in order to save you infringe on your desires, then this is a bad strategy, which will eventually lead to the fact that you refuse to save. If at the moment you have a small income, then focus on increasing it. This may be overtime work, or additional work after the main job. I know that many are lazy to do this, but this is what will help improve your standard of living. Try to improve your skills and find a better paying job, nothing will change in your life if you do nothing for this.

[Cryptomiles1]

finding side jobs or money making investment would help a lot to save a good amount of money.

This depends on the kind of investment you are making, I might invested with my savings today but would take longer time for my investment to yield because one thing about my life is that i am not being carried ROI rather i will love those investment that takes time to yield just as bitcoin is, one can save money maybe from reducing on the amount of house you are leaving. In my country this is what mostly consumed our money then followed by feeding, before making savings you need actually a good job to start making saving because i don't encourage those that feeds from hands to mouth to begin to save their little daily earnings.

[arimamib]

Some important points that I got in your statement where one of them is to save early while you have a steady job.  No one knows what our future will be if everything happens suddenly because the life cycle is always changing. I mean if we are not government officials, then it is appropriate for us to manage the best possible management for our future.

Someone who has a lineage from parents who have abundant wealth certainly will not be concerned about his future, but if we are from the descendants of ordinary people or live just barely from our parents it is very obligatory for us to make the best use of our income to save for the future.

Now, looking at the current era, it is very difficult to find work because in my country many people do not have permanent jobs because it is difficult to find jobs from various companies because the level of competition is quite strong.

[nur rochid]

finding side jobs or money making investment would help a lot to save a good amount of money.

This depends on the kind of investment you are making, I might invested with my savings today but would take longer time for my investment to yield because one thing about my life is that i am not being carried ROI rather i will love those investment that takes time to yield just as bitcoin is, one can save money maybe from reducing on the amount of house you are leaving. In my country this is what mostly consumed our money then followed by feeding, before making savings you need actually a good job to start making saving because i don't encourage those that feeds from hands to mouth to begin to save their little daily earnings.

it's the same as in my country where housing is our basic need that must be met, this will be felt when we already have a family, having your own home even though it's simple is a dream for a new family. after that we will be calmer to raise money and buy the next asset for saving and investing. saving every month from our income that has been set aside is a priority and later I prefer investments like bitcoin to place the money. this aims to support my old age, so that later there will be no difficulties in the family economy, no matter what I have to do it even though at this time I have to be able to live simply

[Fredomago]

finding side jobs or money making investment would help a lot to save a good amount of money.

This depends on the kind of investment you are making, I might invested with my savings today but would take longer time for my investment to yield because one thing about my life is that i am not being carried ROI rather i will love those investment that takes time to yield just as bitcoin is, one can save money maybe from reducing on the amount of house you are leaving. In my country this is what mostly consumed our money then followed by feeding, before making savings you need actually a good job to start making saving because i don't encourage those that feeds from hands to mouth to begin to save their little daily earnings.

it's the same as in my country where housing is our basic need that must be met, this will be felt when we already have a family, having your own home even though it's simple is a dream for a new family. after that we will be calmer to raise money and buy the next asset for saving and investing. saving every month from our income that has been set aside is a priority and later I prefer investments like bitcoin to place the money. this aims to support my old age, so that later there will be no difficulties in the family economy, no matter what I have to do it even though at this time I have to be able to live simply

The basic needs that will allow you make a good budget with your earnings, if you live as simple as it can be and you focus with your goals in finding the right investment to help you to grow your savings, future will be better especially if you are still young when you start investing.

There is always a fit way to invest and grow your investment. Just take time and make sure that you are working on the
right pattern in order to achieve your goals.

[Questat]

Honestly, life now is hard without saving but of course, it is not all about saving, we must also learn how to grow it and make more money from our savings. As long as we still have the chance to do it, then we must do it as we can no longer save our money when we are old and incapable to work. I know people have a hard time doing this and I admit it was challenging when doing but that just upon the start, we can adjust over time as long as we are motivated to do thiss and putting other people's life who did this already.