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

[Uruhara]

I also cannot deny the temptations that always pass by on social media and on some of the application platforms that we use. I can't even set an example for others. But I personally experienced it. but I'm not tempted because of an advertisement on social media. but because I installed a shopping application that offers quite tempting offers. starting with free shipping and 50% off for new users. this has made me tempted and buy one of the things that I really don't really need at this time. but I was tempted and bought it anyway because I thought a lot about not wasting the new user voucher I got. And it looks like the item will come in handy one day. But still, the steps I took have made my financial planning a little off the mark from what I had planned before. and I'm a little bit sorry now. and maybe I get a lesson from this not to be tempted anymore by a promotion or anything from every new application that I install. but I think I'm not the only one who's been tempted by some sort of new user voucher promotion from a shopping app  

Now this is like my friend's experience, indeed when in real life it seems like he doesn't spend too much and going out of the house for vacation is also very rare. But I was surprised by what he told me about his experience of having to spend a lot of money, even more than what I spent every month, even though, in real life, I had more than what he did. And it turns out that after I found out, he always shopped online and even had at least 5 items a week that he bought.
And even some time ago he had a little financial trouble because he had to pay the installments he used in an online shopping application that provides a paylater feature.

Now this is the temptation that is the not easiest to avoid for some people. Because at this time even some online shopping applications also always provide money loan services or we can buy goods in installments. This is indeed helpful for those who are urgent to have a need that cannot be postponed. but on the other hand this can actually make someone addicted to debt. and shop in installments.

And what is worrying is that this can indeed have an impact on uncontrolled spending. and mess up financial planning. even someone can be difficult to save money if conditions like this are not corrected.

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[@forxample]

Saving money should be a necessity for anyone because of eventualities like accident, lose of job, old age, children education, the list is endless. Every body loves to save but problems arises when your income can not even take care of your miscellaneous expenses. What do you do? You must find a side business or investment, by all means. Otherwise depending on one source of income becomes a risk. Because what ever happens to that business is one way ticket to poverty.

This is why every body must became innovative and think outside their comfort zone.

saving can make you rich, that's the adage of parents to their children. the logic is not right if saving can make you rich, because saving will only slow you down so you can be rich. because the money you save will not rotate and will not increase your income. On the other hand, don't ever think that by working part-time you can save even more, it must be remembered that when you work part-time not only can you not enjoy your wealth, but your health will decrease and your assets will be used up for hospital fees so that your health recovered and able to work again.
And it's wrong to think if you are already married and you only invest your money in your children by sending them to school as high as possible with the hope that when they graduate and work they can change the family economy.

then start making a business with the money you have and invest your money so that your wealth will increase and save some to overcome eventualities such as accidents that occur and to guarantee your old age. and don't make your children your guarantee in old age, let what they get and what they achieve guarantee their future life.

[Jody.Drummer]

I also cannot deny the temptations that always pass by on social media and on some of the application platforms that we use. I can't even set an example for others. But I personally experienced it. but I'm not tempted because of an advertisement on social media. but because I installed a shopping application that offers quite tempting offers. starting with free shipping and 50% off for new users. this has made me tempted and buy one of the things that I really don't really need at this time. but I was tempted and bought it anyway because I thought a lot about not wasting the new user voucher I got. And it looks like the item will come in handy one day. But still, the steps I took have made my financial planning a little off the mark from what I had planned before. and I'm a little bit sorry now. and maybe I get a lesson from this not to be tempted anymore by a promotion or anything from every new application that I install. but I think I'm not the only one who's been tempted by some sort of new user voucher promotion from a shopping app  

Now this is like my friend's experience, indeed when in real life it seems like he doesn't spend too much and going out of the house for vacation is also very rare. But I was surprised by what he told me about his experience of having to spend a lot of money, even more than what I spent every month, even though, in real life, I had more than what he did. And it turns out that after I found out, he always shopped online and even had at least 5 items a week that he bought.
And even some time ago he had a little financial trouble because he had to pay the installments he used in an online shopping application that provides a paylater feature.

Now this is the temptation that is the not easiest to avoid for some people. Because at this time even some online shopping applications also always provide money loan services or we can buy goods in installments. This is indeed helpful for those who are urgent to have a need that cannot be postponed. but on the other hand this can actually make someone addicted to debt. and shop in installments.

And what is worrying is that this can indeed have an impact on uncontrolled spending. and mess up financial planning. even someone can be difficult to save money if conditions like this are not corrected.

Obviously, I can't deny that it's a helpful thing, because I also use the feature in times of urgency. But if we can't control ourselves, then something that will make it difficult for us will happen in the future. I will not blame the online shopping application that provides this feature because they also want to benefit, but the problem is with the users who usually forget themselves so that their monthly bills swell beyond their monthly income, and this will continue if they close their monthly bills. them by digging new holes, or borrowing money to make payments on their debts.

[bluebit25]

I think it's a difficult situation and I'm sorry about that. And I will give some advice such as focusing on finding a new job, wherever it is, finding and applying to another company is the first thing to do. It may be necessary to revise your CV so that it fits the requirements of different companies. And you can also look for a source of income during this time, looking to make some money while you wait to find a new job. The important thing, determination and optimism in facing difficulties is extremely important. I believe your friend will get through this difficult time and find the motivation to keep trying and explore new opportunities.

[Mr.right85]

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 ?

It sad for you friend and would even be more so for you if you only resolve to savings as your best means to hedge against inflation and most of all, the unexpected challenges that might come knocking at your door in the course of your life time.

Money finishes, that's the one thing you should have at the back of your mind. You've got to invest that money and not just have it saved somewhere. Saved money is still rocked by inflation which brings about devaluation.
Invested money, you get to watch your investment flow with the tide perhaps, you've invested properly in non seasonal.

Having it saved somewhere would help for a time but, what becomes of the money after you've used them all I'm solving them challenges.
Investing is better than savings.

[flyingcarpet]

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 ?

Your friend must have received severance pay. If he has received severance pay, he has to be content with it for a certain period of time. Then he should look for a new job. People should save some money while working. When faced with such situations, they need enough money to manage them for a while.

If you can, try not to depend on one job. You can make your life even easier with additional jobs that provide a small return. I can make the following suggestion for your friend. He should think about negative situations and invest while working on his next job. At the same time, additional jobs must be learned. If they don't have the means, they are in a really difficult situation. Good luck to your friend.

[bestcoins1]

I think it's a difficult situation and I'm sorry about that. And I will give some advice such as focusing on finding a new job, wherever it is, finding and applying to another company is the first thing to do. It may be necessary to revise your CV so that it fits the requirements of different companies. And you can also look for a source of income during this time, looking to make some money while you wait to find a new job. The important thing, determination and optimism in facing difficulties is extremely important. I believe your friend will get through this difficult time and find the motivation to keep trying and explore new opportunities.

Sometimes not everyone can have more time to look for work while earning income through work that may not be permanent, because when someone starts to focus on just one job, of course he will leave another job that he may not have had time to focus on at the same time. So that he is still likely to experience difficulties when the amount of income he gets is just enough for daily use with nothing left for savings in his life.

At present, it is also not easy for the company to accept new employees if all sectors of work within the company have been filled with old employees so that the company does not open any more vacancies for new employees. Even though not all companies are like that, in difficult times like today it is very clear that not many companies open vacancies for new employee recruitment.

[bluebit25]

(...)

Sometimes not everyone can have more time to look for work while earning income through work that may not be permanent, because when someone starts to focus on just one job, of course he will leave another job that he may not have had time to focus on at the same time. So that he is still likely to experience difficulties when the amount of income he gets is just enough for daily use with nothing left for savings in his life.

At present, it is also not easy for the company to accept new employees if all sectors of work within the company have been filled with old employees so that the company does not open any more vacancies for new employees. Even though not all companies are like that, in difficult times like today it is very clear that not many companies open vacancies for new employee recruitment.

I also understand that the truth is that we are facing many difficulties at work, but instead of feeling stuck, let's see it as a motivation for everyone to try harder instead of seeing what is the work more self-interest. I want to come with a thought think of many people who are more difficult than me and they are still happy so why not make things better with my conditions, the current job in many companies is good corporations are cut but that does not mean that opportunities for each person will disappear, trying harder than usual is the way to overcome current difficulties.

[bayu7adi]

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 ?

This encompasses an emergency fund that everyone should have in place if they fear their lives being snatched away by something unexpected. Problems can arise without prior notice, so it's essential for all of us to possess a backup fund that can secure us. Some individuals choose to pay insurance companies, while others opt to save it themselves. Both choices are not wrong, but I lean more towards those who manage their own finances.

Don't forget to seek financial consultation from experts to ensure that your money is allocated in a structured manner and aligns with your plans. This consultation is crucial because each person possesses thoughts that we were previously unaware of. Their perspectives are highly valuable in improving the quality of our finances.

[Blowon]

I did that, I'm sure the income is not always the same every day even if we are businessmen or traders. because of that I learned to try to save less with expenses by not buying things according to prestige, I only buy necessities according to what I need, unless I have a lot of money, I will still save it for sure it will be useful in the future.

[Betwrong]

~ We should try, I would say. No one knows how to raise children properly. What we do know is that having enough money is not enough. Kids of rich parents would be perfect, if if it depended on money only. But we all know that in mane cases they are far from being perfect. So, we should focus not only on saving money for our kids' future, but also on their early education, because you can't compensate the lack of it with money.

You're right, but saving money is also an important point if one of our goals is educating children. even today if you want your child to acquire good knowledge you also need money for that. So, raising money is very important for the future. we can teach our children good knowledge while we save. however, the positive effects of saving are numerous. In fact, besides education, you can increase your business or investment by saving consistently.

No question about that. No way I'm trying to say that money is not important. Money is very important, and I encourage everyone to earn it and save it if possible. I'm just saying that in the case of raising children having a lot of money is not enough for success. In other words, in the modern world people with low income still have a chance to raise their kids properly, they just need to find balance between earning money and educating their children.

[Fakhrulenclix]

I did that, I'm sure the income is not always the same every day even if we are businessmen or traders. because of that I learned to try to save less with expenses by not buying things according to prestige, I only buy necessities according to what I need, unless I have a lot of money, I will still save it for sure it will be useful in the future.

whatever income we have, saving is something that must be done, it is very true that we should not spend excess items and put aside saving, especially for entrepreneurs or traders, in the future many unexpected things will happen and if there is no savings then it is possible for the occurrence of financial chaos in trade or business.
I have a small income, and even I have to meet many of my family's basic needs, but even so, I always make time to save even a little each month.
I'm sure it will be useful for the future.

[xSkylarx]

Saving money is an important thing that we must make a top priority in life, if we don't save it will get a lot of difficulties, saving is of course according to ability, but if we have a small income then the first thing to do is take it for saving and the rest is for needs, if we don't do that then until we are old we won't be able to save.

I'll put the main needs first, then we can save the rest. Agree with you that saving should be according to our ability, so that we don't neglect our main needs so that we can save. The amount is not the problem here, the most important thing is that we can set aside money from our income for us to save, it doesn't matter whether it's a small or large amount, the important thing is that we can do it consistently. Many people who have a large income but they can't do anything for the future due to their luxurious lifestyle, which makes them unable to save their money.

Now this luxurious living habit usually makes it difficult for people to set aside money for savings. So to be able to save, of course, we have to start from improving our life habits to become simpler. Buying only the things we really need. and avoid unnecessary purchases. Prioritize primary needs and try to set aside our money even if only a little. and as you said the key is that we have to be consistent in doing it.

They got affected mostly by social media, which is why they will spend more on their wants, like if they just see a newly opened restaurant with a lot of people going there, even if it is not necessary, they will go to it, or buy a new phone even if their old one is still working. If people can't control this kind of urge, then for sure they can save for the future, as they are prioritizing their short-term comfort or happiness.

I also cannot deny the temptations that always pass by on social media and on some of the application platforms that we use. I can't even set an example for others. But I personally experienced it. but I'm not tempted because of an advertisement on social media. but because I installed a shopping application that offers quite tempting offers. starting with free shipping and 50% off for new users. this has made me tempted and buy one of the things that I really don't really need at this time. but I was tempted and bought it anyway because I thought a lot about not wasting the new user voucher I got. And it looks like the item will come in handy one day. But still, the steps I took have made my financial planning a little off the mark from what I had planned before. and I'm a little bit sorry now. and maybe I get a lesson from this not to be tempted anymore by a promotion or anything from every new application that I install. but I think I'm not the only one who's been tempted by some sort of new user voucher promotion from a shopping app 

Even myself, but it was way back before that I've seen things like phones on sale or any accessories on sale. I am always present on this pay day sale, and we know that we can buy it cheaply, so we should buy it rather than buying it without on sale. But later on, when I noticed that I was spending too much on it and getting short, I uninstalled all of my applications. Right now, I can still see them and am sometimes tempted, but I always ask myself if I really need them or not so that I am not wasting money on them.

[Dr.Osh]

I did that, I'm sure the income is not always the same every day even if we are businessmen or traders. because of that I learned to try to save less with expenses by not buying things according to prestige, I only buy necessities according to what I need, unless I have a lot of money, I will still save it for sure it will be useful in the future.

you are right. we know that the income we get today will not last forever. besides, people also raise their business for their old age. Saving money now will have a very good impact in the future. we also don't know when we really need money, therefore instead of borrowing, we can use our savings. other benefits, we can enjoy the savings when we are old or retired. people sometimes use their savings to travel the world or buy their dream things.

[bitzizzix]

I did that, I'm sure the income is not always the same every day even if we are businessmen or traders. because of that I learned to try to save less with expenses by not buying things according to prestige, I only buy necessities according to what I need, unless I have a lot of money, I will still save it for sure it will be useful in the future.

you are right. we know that the income we get today will not last forever. besides, people also raise their business for their old age. Saving money now will have a very good impact in the future. we also don't know when we really need money, therefore instead of borrowing, we can use our savings. other benefits, we can enjoy the savings when we are old or retired. people sometimes use their savings to travel the world or buy their dream things.

The business world or traders are those whose income is not fixed and not fixed, and this must really be able to manage it, especially the needs that are urgently needed, namely daily needs that are in accordance with their income. And also capital to do business again and also to save, because saving is the most important thing, because it is used as a reserve fund when we really need it. And savings will also continue to grow if done regularly and disciplined, apart from being a reserve fund, savings can also guarantee old age.
and savings can also help when business or trade is not profitable because savings can be used to meet needs and use them sparingly. And at this time, don't follow ego or prestige because the most important thing is that our life is not difficult, nor does it make other people difficult.

[Theones]

I did that, I'm sure the income is not always the same every day even if we are businessmen or traders. because of that I learned to try to save less with expenses by not buying things according to prestige, I only buy necessities according to what I need, unless I have a lot of money, I will still save it for sure it will be useful in the future.

you are right. we know that the income we get today will not last forever. besides, people also raise their business for their old age. Saving money now will have a very good impact in the future. we also don't know when we really need money, therefore instead of borrowing, we can use our savings. other benefits, we can enjoy the savings when we are old or retired. people sometimes use their savings to travel the world or buy their dream things.

One should not be a miser and keep a good balance of everything. This includes keeping the standard of a person in the present time and having an emergency funds. This will help you having a good balance of life !

[leonair]

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 ?

It will be a bad experience for your friend if he has no savings and suddenly loses his job. but to avoid such a situation, everyone should reduce unnecessary expenses and make savings. but considering the country's economic situation and inflation situation, it is not possible to improve even if only savings are done. so we have to invest in different types of business and increase investment in different potential assets. I think these ways should be adopted along with the job, it will be possible for us to live a happy life

[erep]

The definition of saving is setting aside some money from income for future financial needs, including for emergency needs, converting to assets to focus on annual profits, financial independence, and avoiding debt when we are in a financial crisis due to unexpected events such as the pandemic last year.



The picture above is called the "50/30/20 Strategy", the most ideal financial management strategy that anyone can apply regularly and disciplined from each monthly income, the explanation for the term 50 is to use 50% of monthly income for the utilization of funds for routine needs and expenses, the second term is 30% of income for the allocation of funds to realize your desires (not routine needs) because your hobby is buying collectibles, funds for holidays and etc. The last of the 20 terms is to set aside 20% of your monthly income for future beneficial savings.

^{reference : https://www.thebalancemoney.com/the-50-30-20-rule-of-thumb-453922}

I have a small income, and even I have to meet many of my family's basic needs, but even so, I always make time to save even a little each month.
I'm sure it will be useful for the future.

I like your motivation to always be routine and disciplined in saving even though allocating savings from small income, you are part of the above strategy because you have managed good finances for future financial planning, you must limit spending funds that do not include major needs and better increase allocations savings of more than 20-30% of your income.

[Theones]

The definition of saving is setting aside some money from income for future financial needs, including for emergency needs, converting to assets to focus on annual profits, financial independence, and avoiding debt when we are in a financial crisis due to unexpected events such as the pandemic last year.



The picture above is called the "50/30/20 Strategy", the most ideal financial management strategy that anyone can apply regularly and disciplined from each monthly income, the explanation for the term 50 is to use 50% of monthly income for the utilization of funds for routine needs and expenses, the second term is 30% of income for the allocation of funds to realize your desires (not routine needs) because your hobby is buying collectibles, funds for holidays and etc. The last of the 20 terms is to set aside 20% of your monthly income for future beneficial savings.

^{reference : https://www.thebalancemoney.com/the-50-30-20-rule-of-thumb-453922}

I have a small income, and even I have to meet many of my family's basic needs, but even so, I always make time to save even a little each month.
I'm sure it will be useful for the future.

I like your motivation to always be routine and disciplined in saving even though allocating savings from small income, you are part of the above strategy because you have managed good finances for future financial planning, you must limit spending funds that do not include major needs and better increase allocations savings of more than 20-30% of your income.

Saving money allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen then this emergency fund will be very helpful.

[Vaskiy]

Inflation have hit hard around the world. Everything have increased in the price, but the income haven't got raised. The ongoing war have caused severe need of oil and gas. When the demand for oil and gas increases, it directly reflects on the daily needs price increase. We don't know what happens next minute. We need to have a mindset to prepare for the worst, only then we can stay effective with our plans and increase savings lowering the unwanted expenses.