Save money today so money would save you tomorrow.

[sekalitas]

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.

I agree with your tips and would like to add one myself: it's crucial to track your expenses, so you can see how much you're spending, especially on things you don't truly need. By doing this, you can identify areas to cut back and boost your savings for an emergency fund.

[bussybuddy]

It's fair to say that saving is always important for the future, but this doesn't always apply to many people. Because life is complicated, not only the luxury lifestyle but also those who cannot afford it, I also live in a country where inflation is quite evident, but I understand that for the finding ways to adapt to the current context.

But on this topic I will think a bit more broadly about not only saving money, but also optimizing life, maybe optimizing daily time at work or living to balance our life. Anyway, the issue of saving will come in many different forms, and the last factor I think about is rebalancing your life.

[0t3p0t]

Saving is better than overspending. I personally divide my funds into three first one is for my daily needs and expenses, second is for saving purposes and third invest on something that makes a passive income. I just allocated 10% of my monthly income for my daily needs, keep 30% for savings and the rest goes to investment in Bitcoin. This is how I managed my overall monthly income. I don't have that much but yeah better than nothing. I already have learned from my mistakes that is why I came across to this management. 😁

[Poker Player]

Saving should be a habit like brushing your teeth or taking a shower. If you get into the habit of spending less than you earn, you will greatly improve your financial situation over time. Of course, after you have enough savings for an emergency fund you should invest the money in good quality assets, including Bitcoin of course, because if you simply save in fiat money you will lose purchasing power due to inflation.

[franky1]

Saving should be a habit like brushing your teeth or taking a shower. If you get into the habit of spending less than you earn, you will greatly improve your financial situation over time. Of course, after you have enough savings for an emergency fund you should invest the money in good quality assets, including Bitcoin of course, because if you simply save in fiat money you will lose purchasing power due to inflation.

the savings amount is a small amount that should stay as easy access rescue fund. not locked into investments
once you have a set savings amount as a rescue fund. then use other later income excess for investing and wealth creation knowing you dont need to dip into investments in emergencies, thus no risk of selling assets at a loss because you have the savings fund there as the buffer to save you from needing to mess with investment plans

[Sorryfor]

Saving money is a very important and urgent task. I have clear evidence of this from my personal life. After receiving a certain amount of money at the end of the month, I started splurging without any plan. Within a few days of the month, I saw that my wallet was empty. Then I felt helpless. I had to go to different people for even small amounts of money. Then my eyes were opened. In fact, it is more challenging to plan and spend up to a certain period of time than to earn whatever amount of money we earn. So regardless of the amount of money you earn per month or week, you must set a budget to determine how you will last a month or a certain period of time. It is indeed a very difficult matter. But if you can follow it then at the end of the day you won't have to go to anyone else or at least you won't have to touch any of your urgent needs. So learn to save according to a plan.

[Egii Nna]

To create a savings, you must have a nice and good income because of the poor economic situation around the globe. If not, you will definitely end up suffering. Because you can’t have savings when your income is low, that is not even enough for your personal needs. So then, what is the reason for you saving the money? Is it that you want to be the richest person in your location? Or you just want to see yourself with a lot of savings when you are still poor and filled with depths, because if really your income is not that much, when ever you engage in savings a bit or even half of your income, you will end up borrowing money to settle some of your needs. From there, you have to start accumulating a lot of depths so that even your savings will not be capable of paying what you have borrowed because, when borrowing, you will be thinking you have a savings that is capable of covering all the depths you have already accumulated, which is not. Even though your savings are capable of paying all the debt, you will be left with nothing.

That is why sometimes not everything that someone does and succeeds will also be copied, because what works for Mr. A. might not work for you, so copying someone's lifestyle is not always recommended, so you only need to create your own personal life style. Like me, I didn’t start saving a bit of what I have until I started having several sources of income, and after I invested and paid all my bills and needs, I will still have an emergency fund apart from my main savings. So my main savings now I don’t even see it as the money I will like to spend because I already have what can sustain me for some time. So the only thing I will recommend is that when you are starting a savings plan, make sure you have a strong and many sources of income. 

[Husires]

Saving advice is basic, but with inflation, increasing prices of goods and services, health insurance problems, and much more, saving is no longer ideal advice. Save, but think about investing, because without investment, any amount saved will end up with the first financial problem that happens to you.

Investment is not limited to Bitcoin, but anything that you feel is in demand and has value in itself.

[TheUltraElite]

Necessary and unnecessary spending need to be segregated first. That eating out every week needs to be reduced to once per month, stop smoking, alcohol and hookers and using public transport or your own cycle instead of a cab might be the first things certain people need to do. These are not necessities of life and can be reduced.

There are more ways to save money too - things can be done for TV shows and movies, but this generation will not remember our times of torrents anymore. I dont promote the idea of piracy but they should learn about it too.

Savings will help in times of emergency, bitcoin may not because your country may not be the lenient few who allowed crypto use, so indeed it is important.

[demonica]

  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.

Investing will surely bring your profit unlike with saving, you're just keeping your money without gaining something. But the thing is, saving is also important. You may have investments and could be making profit but what if your investments didn't do well and then an emergency happen. Where will you get money from? You can invest to to earn profit from it, but you can also save at the same time. Start saving even a portion from your profits so when there's an emergency, you wouldn't have to sell your investments or use them since you have other money that you saved for such unexpected events.

With your investments, it can help you to add more money to your savings. But it doesn't mean that if you have investments, you're already secured and won't be needing to save money for the future. Investment involves risks so you can't fully rely to it for your emergency fund. It's still better to have savings even when you already have investments.

[ARTOIS]

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.

[bayu7adi]

As long as your concept of saving differs from the commonly known concept of saving money, I can still grasp your idea of saving. Honestly, I'm not really into living frugally because someone who shops wisely knows better what they need, whereas someone with a saving mindset tends to complicate and limit our wise decisions.

If you're aware that the financial situation in your country isn't great, investing with your savings isn't a bad idea either. Assets that are immune to inflation are always more appealing and make us feel more secure in the future. The key is to plan wisely, not being too frugal and not being extravagant either.

[nngella]

As i quote from the book The Richest Man in Babylon, "Pay Yourself First".

You need to set aside a specific percentage of your income for yourself first before spending to other needs. In my case, I first set aside a certain amount and be committed in it in a monthly basis.  The first goal that I dedicated myself with before was to establish an emergency fund.  (Some say that emergency fund is 24 months equivalent of your monthly expenses, but in my case I saved around 6months worth of my monthly income).  This will help you prepare on rainy days.  In case that you will lose your job or source of income, you have 6months of buffer to find another one. 

After this, you will be more confident to spend your money on other investments like time deposits and bonds/money market.  The more you gather money, the more you will be comfortable to invest on riskier investments because you know that you can recover because you have emergency funds and safer investments even though you lose certain amounts on riskier investments.  Money also earn more money as it accumulates and compound through interests and dividends. 

Overall, we really do not know what will happen in the future and hence beneficial to save to prepare for it (or leave as bequest to the next generation).

[harapan]

Savings;its so pointless to think that you can save your way into millions these days.You wake up every morning and your so called savings cannot even afford or cannot be summed up to your needs or upkeep.Saving is obviously meant to cover emergencies and it's not like it can maintain your lifestyle for a lifetime.
 People have a problem with overspending,and they know their income is insufficient to carry out their daily individual responsibilities Financial illiteracy is one of the reasons why people have difficulty with saving and investing money.
  Its not just savings for me,while your saving,also invest.The difference between saving and investing is the risk management and the earning aspects.The outcome  of saving money can be relatively small compared to what you get from the aftermaths of investing.Investing requires a lengthy risk factors while saving bears no risks for once.
  Since the Goal is to make life more comfortable for oneself,its important to be creative,and  put your money into things that will make you more money.

[bestcoins1]

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.

This kind of thing may have also been implemented by many other people in the past when facing difficult times in conditions of economic crisis with the aim of not having too much difficulty when facing emergency conditions due to the high cost of basic goods in life. But you are also not too late to start doing this, even though some people might say you are a little late in realizing this because money will never be enough and will always run out easily if it is not managed well by the owner himself.

    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.

Being thrifty in life by not spending money on many unnecessary things has become an important point since everyone grows up or when they start to bring their own business and family into life. So actually things like that have long been considered important by everyone even though there are still people who haven't done things like that in their own lives for certain reasons that are quite reasonable. But basically this has to be a priority now because major changes in current economic conditions have been quite visible and very real so that some people who do not save or save in their lives will continue to face difficulties in the future.

[Cryptmuster]

Saving advice is basic, but with inflation, increasing prices of goods and services, health insurance problems, and much more, saving is no longer ideal advice. Save, but think about investing, because without investment, any amount saved will end up with the first financial problem that happens to you.

Investment is not limited to Bitcoin, but anything that you feel is in demand and has value in itself.

Bitcoin is a good investment, but any good investment plan requires diversification, otherwise it will be too shaky. You need to expand your investment portfolio as much as your savings allow you to do so. There is no need to be afraid of inflation, if you have good investments, then inflation will work in your favor, so save and invest, it will definitely bring results. And try to avoid a situation where you invest all your savings in one asset...

[Beparanf]

    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.

Saving is always the right thing to do regardless if there’s economic crisis or not since you don’t know what will be your expenses in the future. This is the golden rule of every house hold in my country because poverty is high here. I’m not sure how the first world country does when it regards to savings but it should be the golden rule in general unless you have unlimited source of income that is too much greater for your expenses.

I have a newborn child now that we celebrate her 1st birthday and christening on the same date to save money. This is what I will teach to her when she gets older so that he can learn how to value money.

[Natsuu]

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.

Right. Knowing how to handle money is like having a superpower in real life. It's about making smart choices like budgeting, saving and investing. Stashing away some cash for a rainy day is like having a financial cushion when unexpected things pop up. Its always a matter of priorities

[tyz]

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.

I belong to this generation and I can partly confirm this. As always, this doesn't apply to everyone, but it certainly applies to the majority. Today's young generation often thinks in YOLO mode. You only live once. And that's exactly how they deal with money. Why should you do without something today to be better off in 20 years' time? Many people simply can't comprehend that, which is why a lot of money is spent on nonsense today if money is left over.

[Lida93]

  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.

From what Op has addressed about savings he didn't seem to despite investment but only laying emphasis on the importance of savings and how it could salvage us in an emergency times. Investment is indispensable in this harsh economy where inflation is ravaging and devaluing the proceeds of our efforts but investment can't plays a different role as it can't meet emergency demand but savings can be taken out immediately to solve emergencies as immediately they arise.

So I'll suggest, if the size of your income isn't efficient to start investing from it based on your responsibilities then make room for savings and save as much possible in the little ways you can. If you fall to invest don't fail to save, if possible don't fail to key into the two areas.