Save money today so money would save you tomorrow.

[EarnOnVictor]

You might just notice the importance now but our forefathers had noticed and I've put enough advice down for us even without the economic situation we are all facing these days. Saving is good, but I advise that you save wisely. You may save but the money will just depreciate due to inflation and poor economic management by our leaders. Where you save also matters, and I like to save in an investment package or in an asset so that will not be affected by inflation.

I can't believe that anyone can save their money in the bank these days, they better have it in a better portfolio where the money can yield for them. Like in Bitcoin and others that will ever be a hedge against this heavily biting inflation. It is worse in my country, even without hyperinflation. Savings are good but investment is better, and the wise ones saved and invested even before now, so that their retirement can be better than it was for their parents. We all need to be wise now, it's so sad the situation we find ourselves in, yet with savings and good investment, we can lessen the negative effects.

[Issa56]

    To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem.

But just a few younger generations are saving and investing right now, others prefer spending on luxury, going to club, and spending on things that are not necessary. If they end up going broke, they will end up regretting why they spent the money like that. When you are young and you are earning well, then it’s better you save for your future. If you don’t plan for the future when you are young, then you might end up regretting it later because the opportunity that some people have when they are young won’t have that kind of opportunity when they are old, and sometimes things might not go well for you, so you will be able to fall back on the savings or investments that you made.

[Sanitough]

   To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem.

But just a few younger generations are saving and investing right now, others prefer spending on luxury, going to club, and spending on things that are not necessary. If they end up going broke, they will end up regretting why they spent the money like that. When you are young and you are earning well, then it’s better you save for your future. If you don’t plan for the future when you are young, then you might end up regretting it later because the opportunity that some people have when they are young won’t have that kind of opportunity when they are old, and sometimes things might not go well for you, so you will be able to fall back on the savings or investments that you made.

We can’t control these young generation not to spend on luxuries as they can also afford that type of living. But I believe in the end, they will learn their lesson as well. Especially if they see some other young people who are already successful at their young age and living their dream life, while leaving them struggling to sustain their daily needs.

It’s not bad to spend but spend only within your limits. Or the best advice is, save first for your future investment, and when you have reserved already some funds to save, then treat yourself as well using your extra money.

[Renampun]

I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
    To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.

from what I have learned, saving alone will never be enough to make you survive the current world economic uncertainty, you must be able to make more money and have many sources of income. if you keep saving, you will only torture yourself and make the things you want never achieve, but if you have investments, you will be able to manage your money well and also have good achievements too.
My advice, invest in bitcoin and if you want to split your investment then you can also choose to invest in gold, Don't let your money evaporate in the bank.

[Bitco55]

I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
    To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.

Well, my story is quite contradictory. I was a saving type, the hardcore saving type, the type who'd save more than half of my money and tell myself it's for my future self, until I realized, at that rate my future self was going to be flat-out, an ulcer patient, and have lots of health problems if I don't play my cards right. Saving is good really, but I can never emphasize too much on how bad it'll be if you don't learn how to manage your money.

You see managing your money doesn't just have to do with not overspending, it simply has to do with channeling your money into the right investments, yourself, first always.

Don't get me wrong, please save, your future self deserves that. But make sure you're earning enough so you can save properly, instead of saving on low funds.

[LastKiss]

~snip~
    To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.

Many reasons why they didn't save at their young age or at any age, most reasons are because they want to enjoy their youth so they won't regret it when they're married, their salary is not enough to save because the cost of goods is really expensive, they focus to invest and forget to save their money in the end, and many more reasons. saving is really helping us when something emergency happens because with saving we can keep our crypto Investment from being used. I hope that young people start to saving in their early so they won't regret it in the future.

[LogitechMouse]

~
    To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.

In short, save for emergency funds.
It's not always good to buy some things that you don't need, but if you will then at least consider saving some money for emergency funds first. I said "emergency funds" twice because, for me, that's the only reason why we need to save money.

Saving for the sake of saving will not help you because of this stupid inflation. Saving for emergency funds would be helpful for us because like OP said, we don't know when will be the time when we might need that money for something whether it's for an emergency, or somebody from our family needs urgent help, etc. Well, of course always don't forget to invest still. Don't save only, but invest as well if you have money of course.

There are many reasons why there are many people who aren't saving, but one reason is they are lacking financial literacy. Another reason is that they can get easily attracted to these sales in malls or whatever establishments it is. Like I said, save early, but don't save only. Invest as well.

[Patrol69]

We are at that stage of age where we don't pay much attention to how to save money now we try to do whatever comes to our mind. But now is a good time to build the future, if we can save money now and plan for the future then we can get multiple returns from the money we save now in the future. Whenever we have money we spend it without thinking anything but when we don't have money to spend we realize how hard the world is for us. Instead of understanding the importance of money when money is not around, when we have enough money, we should understand the highest importance of money. When we have enough money we have to think that maybe we have money now but in the future when we don't have money our life may be worse then we have to try to save money. In addition to saving money, we should always plan what will increase our money in the future.

[Dr.Osh]

Well, since ancient times, saving has been important. This could be aid funds for urgent needs, or things we don't know about. However, before saving, we should first improve our money management strategy. I once read an article that no matter what your salary is, if you have bad management, your salary will disappear very quickly. So, I also suggest trying to manage the finances we have. This is an important foundation for saving money.

[Volimack]

Where do you hide it? In the bank, for example!
Do not save your money, but rather secure it by investing it in projects, no matter how small or large. The important thing is that investment doubles your money, but saving keeps it as it is.

As a matter of fact, it is not advisable to save a large amount in the bank unless the purpose of your depositing money in them is savings & investment type. The interest you get from the money you put in the bank is very low, so it's okay to save there if it's for an emergency fund or monthly expenses. It's even better if you can find an investment with a good return and can double up your initial money that you've invest, you can take a risk for that.

Yeah by investing right investment money grows fast but by investing you have to take risk if you don't invest in the right sector then you lose money. But the risk is less by keeping the money in the bank here the interest rate is lower but the amount of money is right you can withdraw it as you wish it is not possible in investment.

[Adreman23]

Saving money can provide us with security during times of hardship or unexpected events. However, there are also risks associated with saving money, such as inflation. What if a country suddenly experiences hyperinflation? The value of your savings accumulated over years of work may decrease significantly, and you may only be able to afford very cheap items. It's better to save in assets that tend to increase in value over time, such as bitcoin, gold, land, and others.

[Kakmakr]

So, based on what you wrote... I take it that you are still a student, because students normally get allowances and workers get salary or wages.

As a student, I studied part-time...because I had to pay for my own studies... with the money I earned from my salary... so I did not have a lot of money to spend on savings.

The small amount I had, I used to buy bitcoins when the price was about $300 and I sold it for $33 000... and made some good profit.

[Xcode7]

Saving money can provide us with security during times of hardship or unexpected events. However, there are also risks associated with saving money, such as inflation. What if a country suddenly experiences hyperinflation? The value of your savings accumulated over years of work may decrease significantly, and you may only be able to afford very cheap items. It's better to save in assets that tend to increase in value over time, such as bitcoin, gold, land, and others.

As has happened in the last few years, inflation has not occurred significantly and the percentage that will occur is very small so I don't think it is a high risk.
Saving is indeed quite important for the future because no one knows what will happen in the future when we are in trouble so saving is one thing that can save us.
And regarding how people save, they each have their own way, investing in crypto or real estate, there are even people who just save their money, I think they all have the same goal even though the methods are different.
And the risks that will be faced will be quite worth it with the possible possibilities that we will get from these choices.

[Xampeuu]

The most important thing is to understand needs and desires, so that the income we have can be allocated to saving, it would be even better if invested, so that we will get a profit from it, especially if we are still young, so we still have a long way to go in planning the future, as well as maybe we can prepare, while we don't have much to spend on, therefore financial management must be done well

[blckhawk]

That's easy to say but think about the circumstances of each individual, it's unfathomable but we all know that they're different for each other which means that you can probably save but there's other person out there that can't do it because the situation that they're in doesn't allow them to save up, for example, a person that works a minimum wage has all that salary enough for them to survive the month with no extra because it's the exact amount and even at times they have to borrow to make ends meet. Sure saving money can be a really good thing and it will definitely help you, no doubt about that but remember that you need to straighten your priorities, if your money is only enough for survival mode then don't consider saving yet because you'll just spend that savings prematurely when the need for money inevitably happens, get a raise for your job or find other ways to make money so you can be comfortable saving money.

[Asuspawer09]

I wasn't really a saving type, but lately looking at the current situation of things in my country, how costly things have gotten, once money enters your account or wallet, you'll be suprised of how you won't be sure of how it vanished, not to talk of having a tangible reason of what you did with the money. So recently looking at how people cry for money and personally looking at how I needed money I decided to start splitting the little allowance I get, saving one part and using the other, I won’t really say that it has made me a billionaire or that I no longer lack money but at least I have cash somewhere that I could call my own and fall back to in cause of emergency.
    To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.

What important is to learn how you are going to manage your finances, this is the thing that I learned that made me realize how important knowledge in finances is, I mean our education doesn't really have something that is going to help us learn to be a financial literate it almost like they don't want us to know this kind of things, wanted us to be working that is working 8-5 daily and then spend our money on something that we can't really afford offering us like credit cards, etc.

It is actually really easy just save a huge amount of your money instead of probably 20% up to 40% of your salary or your sources of income, the higher you save or invest the better it is going to be, with the trick don't buy anything that you don't really afford, if your card buys a phone just don't buy it yet, consider if you could recover from for example like 100$ your spending it on something if your salary is about 1000$ it is probably just a small percentage and you could easily recover from what you spend, But if you're going to spend around 1000$ on just one thing which is already your whole salary it is probably something that you need to think about first since you cant really afford it, or probably your just end up using a credit card which is the main problem that could make it difficult when it comes to your financial.

[cakravothy]

prices continue to creep up and expensive prices mean that inflation in your country is not controlled. if money is only kept in the bank and not used for investment, it is even a loss in addition to the admin fees, the value of your money will also decrease its purchasing power every year due to inflation. so frugal living is for investment not just saving it.

[GeorgeJohn]

In some certain countries saving money in that country may cause you more harm because the value of the currency maybe depreciating everyday the money you are serving in the bank might continue to depreciate and they cannot afford something in future again for you depending the time you stuck your money in the bank so what I'm saying in essence is that instead of you to bank your money it is good or better for you to invest it into something else that will be giving you daily weekly and monthly return, so is better for we to ensure that we diversify our money to different business or investment that will give us return instead of keeping our money in a bank, it is obvious the bankers trade with our money without our permission.

[edy_58]

Saving money can provide us with security during times of hardship or unexpected events. However, there are also risks associated with saving money, such as inflation. What if a country suddenly experiences hyperinflation? The value of your savings accumulated over years of work may decrease significantly, and you may only be able to afford very cheap items. It's better to save in assets that tend to increase in value over time, such as bitcoin, gold, land, and others.

By having savings, of course this will make it easier for us when we have emergency needs and we can use these savings when we need them, but related to inflation we cannot know for sure when it will happen and we have to be prepared for this and the money we save will still have value. it's the same and what differentiates the money that we previously used for a need is very different if we shop when inflation occurs.

What you say is right, if we save in assets whose value tends to increase this will be very profitable and we can choose according to the money we have from the three you mentioned, all of which are good, but if we want to buy land then we have to have a lot of new money can buy it and Bitcoin and gold will make it very easy for us and can buy it whatever we can afford and it will continue to increase in price and can profit from it.

[wiss19]

Those who have the possibility of saving money should use their privilege and save money while they can because not everyone in the world can do that.

People who barely earn enough money to cover the monthly expenses or feed their family for a whole month will barely be able to save any money even without spending a penny on useless things because they are not earning a lot of money, but someone who earns more than they need for a month, they shouldn't waste it because life is unpredictable like the cryptocurrency market, there will be ups and downs and you should always be prepared to face any situation, and remember, the world we live in today is all about money, you can't do anything without it. So, prepare for the future while you can.