Save money today so money would save you tomorrow.

[Youngkhngdiddy]

 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.

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[franky1]

alot of people these days are taught to get several credit cards which come with default X limit(usually more then your monthly income). and you are told by some well dressed salesman to spend to that limit and pay it off with next months income, given some smiley workspeak of how its ok to spend, you can pay it off later..

this bad advice makes/pushes people to spend beyond their means because they think if a bank gave them X credit limit, it means some smart bank guy must have valued the assessed you using some magic accounting to work out you can afford to spend X

this is wrong on so many levels..
what people should do is cut up credit cards.. as they only promote overspending..

what they should do is get 4-5 DEBIT cards. and before the month begins.. set a budget
look at the last few months of statements and make notes of your previous spending.
note what was essential and what was wasteful

start planning your money.
many supermarkets have websites that you can create a shopping list. to get a planned total grocery bill cost.
try it, then before going to checkout. look at the shopping cart and see if you can substitute any choices for cheaper brand variants
and then look at the total.
when you income arrives put only that total into a debit card for groceries. this forces you to only spend within that limit if you discipline yourself to only carry/use that card when doing grocery shopping.

look at all your essential bills and put the essential amount into a debit card for bills. and set your subscription/auto payment/regular payments to come from that card.

that way when you develop a budget where each month you are setting auto payments to just put set balances to each card. it then makes you think that those cards have limits whereby it makes you think about your spending.

this is the safe way to spend. as its not debt. its living within your means of your income limit... not some overstretched limit a credit bank profiteer decided he wants to trick you into

doing it right can leave you with a little excess thats not categorised, budgeted for particulars. set a goal for it. and set it into another of those debit cards where you only use/touch that card when goal/target/need/purpose you set is met

..
basically in short.. its telling your money where to go at start of the month, ensuring it will last atleast and hopefully more then the month... rather than your money going and not remembering where it went before the end of the month.

once you have enough savings to cover any reasonable incident likely to occur. such as any domestic appliance in the home stop working and needing a repair or replacement.. or a month of bills should you suddenly not get income and it takes a few weeks to apply for social security or get another job.. once you have that target savings amount. then stop saving and then put your excess into investing

[Dr.Bitcoin_Strange]

As an entrepreneur, one of the key factors that could secure your way to success and save you from falling back to where you started is savings. If you are a monthly salary earner, when you receive your monthly salary, the first thing you need to do is prepare your spending and make a budget for everything to be used up. This is not a wise decision to be taken by anyone who has hope for tomorrow.
 
As a businessman, one thing that makes me stand out from whatever challenges come my way is my ability to always have stacked funds set aside that could be used to tackle some unforeseen challenges that could result in unplanned expenses. Savings is never a bad thing, provided that you can afford to save and still foot all your necessary bills for your needs. Savings should be treated as a top priority, as they play an important role in our lives.

[Rruchi man]

  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.

But will you keep saving when there's a better way for you to secure tomorrow which is by investing? Investing offers a better option to me than saving because in saving your money may be losing value due to inflation but when it comes to investing the money is building value against tomorrow. Do not save without investing. If you want to have things easier for you tomorrow then it is better to make sacrifices today to make good investments that will be profitable for tomorrow.

If you start investment at an early age you will be able to retire early when you're old.

[franky1]

the first thing you need to do is prepare your spending and make a budget for everything to be used up.

i would not word that advice in that way

id suggest you prepare and set budgets to categorise and split your income into different debit cards for set purposes. where if there was spare cash not used up. it can go towards savings for the emergency pot. and then investments one emergency pot target is reached, thus not spent but set aside on a card you dont touch unless it has a need

[Gozie51]

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.
   

But that same cash you saved in fiat would have been better saved in a stable coin like Usdt so that you are sure inflation will not eat it up and at least you can resell it at the current price of the time you are ready for conversion. If you keep your savings in fiat, it is as good as no savings if you compare it value from the year is stocked it to when you needed to use it.

So we have to be wise to take advantage of some certain facilities like Usdt can help peg your savings for you until a time when you need it .

[franky1]

 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.

But will you keep saving when there's a better way for you to secure tomorrow which is by investing?

saving is not about tomorrows wealth creating . its about a temporary filling of a savings account upto a set target to rescue you from incidents. that way after reaching the target and then investing. when an incident occurs. you dont need to go to debt to rescue you, you dont need to sell assets/investments at a loss to rescue you because you have the savings there to save you.. hint is in the name

so when you reach your Xmonth bill savings total target. or X amount that covers a $X home appliance repair/replacement target.
then you can stop adding more of the unspend income into savings account. and instead put ongoing income unspent amount into investing by not needing to add more to the savings account, but put the unspent amount of income into investments

[Casalania]

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.

Consider exploring alternative options beyond simply saving your money in the bank or saving cash. It may be more advantageous to invest your money instead. By investing, you can avoid having your funds sit idle and instead generate additional income. This approach can also provide greater financial security in case of unexpected emergencies.

[topbitcoin]

As ordinary people, we will not always be able to work and continue working to earn money, because there are times when we are also sick, so temporarily we cannot work and earn money. or even forever, and it is true what you say, we will never know what will happen tomorrow in our lives.
And to avoid this situation, it is very important to be able to set aside some of our income for savings. It doesn't need to be massive, just as much as you can after a need is met, but as long as it's done consistently.

 And I think only a few of the younger generation are aware of this, in fact they don't care at all about what the future will be like. Meanwhile, being able to know what our future will be like depends on our current habits. If we just laze around and behave wastefully, are unable to manage our finances well, or are not good at managing our time, then it is certain that our future will suffer and will only make things difficult for other people.

[Orekelewa Ade]

Saving these days has really not been easy especially in this part of the world where you literally spend more than you earn. In such how do u want to go about the saving?


In a case where one earn $30 and your expense is  $45 where would one start the saving knowing you need to get these items to push ahead, one will now have to make use of what you have just to gather all you need and even and that you still won’t get all in such where would the savings opt out

[Bigsharp]

The only way you can save money so that money can save you tomorrow is by investing it in a fixed deposit account or something you know can be easily sold when you have problems

If you stop unnecessary spending and save the money in your banks do you think about the economy how it is going price of everything is rising

But when you make some good investment like real estate bitcoin or putting your money in a fix deposit account then you have saved yourself tomorrow

[Youngkhngdiddy]

But will you keep saving when there's a better way for you to secure tomorrow which is by investing? Investing offers a better option to me than saving because in saving your money may be losing value due to inflation but when it comes to investing the money is building value against tomorrow. Do not save without investing. If you want to have things easier for you tomorrow then it is better to make sacrifices today to make good investments that will be profitable for tomorrow.

If you start investment at an early age you will be able to retire early when you're old.

Well your opinion is not a bad idea, cause investing money on good investments that could yield profit is one of the best way to double one's income or make more money, I think I really like this idea of yours where you said do not save without investing, but I also think it's not about just investing but investing on business areas you have good knowledge about.
 Take for instance a case where someone end up using the money they've saved up for a long period to invest in a business they have no idea about they might end up losing and that's not wise. But it would be better to make proper research about a business or investment before venturing into it, by then you'll be able to  know if it would you loss much or make more profit. Starting an investment early is not a bad idea but one should make sure they're venturing into the right investment.

[Assface16678]

I would like to review what the OP statements are about! I'm more into earning, investing, and saving. Of course, you should have a steady income or profit, so you will find a suitable job that pays a quite fair salary. The second is to invest. If you are just going to save up your money, then it will not grow! What I mean is that if the world keeps on growing in terms of inflation rate, then your money should also be growing or gaining. That's why you should have a passive income through investment so that your money will not just sit there, and the good part of investing is that you could have whatever you want if you are fairly gaining. And lastly, saving money: along with investment, you could do saving, meaning splitting up your salary for investment and for savings, or you could put some of your profit from investment into savings, so that you are not just earning money but also securing your future financially. I think this is the most practical thing to do.

[hatshepsut93]

It has been true at all ages and all countries that you need to have a financial safety net, because unexpected spendings happen in life all the time. Things break down, body gets sick, bad situations happen - all of that requires money to fix. It should be a common wisdom that you can only make unnecessary spending if you have some money saved up and not using your last money for that, but way too many people don't do that because they don't understand the basics of personal finance.

[stomachgrowls]

It has been true at all ages and all countries that you need to have a financial safety net, because unexpected spendings happen in life all the time. Things break down, body gets sick, bad situations happen - all of that requires money to fix. It should be a common wisdom that you can only make unnecessary spending if you have some money saved up and not using your last money for that, but way too many people don't do that because they don't understand the basics of personal finance.

Majority do fails into this basic principle on which savings does really play a great or crucial role into someones life on which we know that we cant really be having that money forever or even having that good health
on which everything would really be gradually wither. Hate to say but almost everything could really be fixed by money except time and other non tangible things like relationship and similar stuffs and same
goes with health which we know that this one is one of the most precious thing that we should really be that taking care off so that you wont really be having those regrets.

Saving up on gradually which it shouldnt really be spend up no matter what.If its intended for savings purposes and emergency then you shouldnt be touching it,
The key for success savings is that you should really be that living according into your needs and not wants. Avoid unneccessary spendings then you would
really be just that fine.

[BD Technical]

Savings puts people on the light path of future generations and provides an ability to live comfortably in the future.  If you have savings and if he has.  If you have valuable money then you can definitely be successful in future because if you earn something today and save something, you will need that money in future and you can do something with that money.  In that case I can't say whether you can save in share market but if you want you can keep your personal savings in bank or bitcoin as you have good profit potential.  But no matter what you say without saving you are also immobile because everyone saves something because without saving you cannot achieve the dreams of your future son or daughter.  So everyone is definitely saving and I myself am doing some saving. I hope to be able to do something in the future inshallah.

[poodle63]

agreed with this added with the fact that we can be compounding investing with the left over money by not overspending into some useless thing we could be turning it into some life changing amount by investing in certain coin if we brave enough to take the risk.
the idea of investing alone already making me too much lazy to overspend these days im sure its a good thing for me since definitely it will give me good time in the future, not thinking about money or lacking any money for basic needs.
for many though, their overspending has become habit, some might get addicted to being consumptive, thats gonna be tough for them to stop it.
but once they know that they could invest their money instead of overspending it maybe they will realize that maybe there' s much more than just overspending.

[Linggajanitra]

Saving is the best way to create better financial conditions in the future. But many do not know how important it is to save, especially among young people. The benefits of saving early on or from now on, namely:
1. Help prepare funds for the future.
This can help prepare funds for the future. Because we will never know what expenses we will need in the future. For example for tuition fees, or other needs.
2. Avoid yourself from debt.
Owning is a solution not only for urgent needs, but desire. Want to buy something sometimes it is realized by debt because the funds have not or not enough. For example, buying a car for a day of a heart, but the funds are not enough and in the end we are in debt for credit. Suppose you have savings that have been collected from this, maybe you will be free from the bondage of debt.
3. Preparing emergency funds.
Because an emergency can occur at any time. The benefits of saving in this problem are of course to prepare themselves in dealing with emergencies. If you don't have savings, you will be hassle or difficult to deal with it.

And those are some of the benefits of saving early on. And there is a good way to save. First, determine the nominal savings every month and consistently should not be less than the nominal set beforehand. Second, set aside savings at the beginning of payday, not at the old date at the end of the month. Third, use a special account that is long -term so that the savings cannot be easily withdrawn. Fourth, separate the savings account with a personal account. Fifth, determine financial goals so that the spirit of saving. Sixth, live frugally and do not be too wasteful (saving the base of rich).

But for the long term it is actually good to invest rather than saving. Investments are made for a long target and period of time, for example for the next 10/30 years. But yes on the other hand, investment also has the potential to lose money. This is what makes investment more risky than saving. But saving in an ordinary savings at the bank also has a small risk to lose money, but the money will not increase and usually there is inflation.

[bbigtart]

For me, it's not just about saving but also investing. Because the benefits of saving and investing cannot be denied, namely being able to save our finances for the future. It's just that practicing or getting used to being disciplined in saving or investing regularly is difficult, because it's not as easy as turning the palm of your hand. In reality, many people fail to implement these good financial habits, but on the other hand, we need to force this so that we can be consistent.

Actually, this is for all groups, not just the younger generation. In fact, many people aged 17 to 36 years fail to save, because usually half of this group's fixed income is used to finance routine monthly needs and entertainment costs. So you need to get used to it so you can be disciplined and consistent in saving and investing, which does require special effort. However, this must be enforced because if you know what the benefits of both are, then the habit of saving and investing will no longer be difficult to do regularly.

[wxa7115]

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.

Having an emergency fund is a must, precisely because you have no idea when something bad could happen and you may need money right at that moment to solve the situation.

However it is important to not exaggerate either and become a miser, since we must not try to accumulate wealth just for its sake and instead we need to enjoy it as well, so a balance must be reached in which you spend some of your money in the stuff you want, while you also save a portion of your money.