Save money today so money would save you tomorrow.

[YOSHIE]

Save money today so money would save you tomorrow.

If you talk about being thrifty, of course it is a sacred thing that every human being must do. Frugality is one method for success in life, wasteful is the source of trouble in the future, It is indeed a phenomenon that occurs in people's lives.

But if we talk about economics or saving and saving money, for me money cannot save us in the future, for example what happened to the people of Zimbabwe, Venezuela, money like rubbish there has no value, maybe saving and saving gold for me is a good opportunity to save us in the future, in my opinion gold is better than money in saving.

[Xxmodded]

Spending few percent of salary for saving assets is very good ideas exactly for young generation, but not all true with saving money help us in the future regarding the inflation values of fiat and hold it in the bank. Better save money trough investment such as gold assets or could be investing in cryptocurrency more save us tomorrow than saving only without yet increasing the value.
Young generation actually has stable financial and they not spending all salary for daily needed, they don't have many responsibility except their self and very difference with some one has family and spent their salary all four their children, wife and their household needed. Make your young age moment for investing money and enjoying the profitable in the future.

[nara1892]

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.

True, on the other hand I think few people can think this far, they just think that saving in the bank or manual can save them in the future, but it is a fact that inflation will never be avoided, and one of the right solutions here is as you said that we should turn to other alternatives that are indeed the right idea such as investment, by having this place then you will be able to get additional value and amount of money over time and this will be very useful to balance your financial value with the increasing purchasing power due to inflation. On the other hand I am not saying that saving money is bad, because it is a good idea that leads to preventive measures, but on the other hand we must be more careful and look for alternatives that are truly a solution.

[mirakal]

Save money today so money would save you tomorrow.

If you talk about being thrifty, of course it is a sacred thing that every human being must do. Frugality is one method for success in life, wasteful is the source of trouble in the future, It is indeed a phenomenon that occurs in people's lives.

But if we talk about economics or saving and saving money, for me money cannot save us in the future, for example what happened to the people of Zimbabwe, Venezuela, money like rubbish there has no value, maybe saving and saving gold for me is a good opportunity to save us in the future, in my opinion gold is better than money in saving.

Saving money alone cannot save us from the future's uncertainty but saving and investing as well will secure us a brighter future. While investing in gold can bring us a fortune, then the more that we can achieve financial freedom through saving and accumulating bitcoin.

However, saving gold is always the traditional form of investment and will never be underrated. But since we are now in the world of technology and innovation, saving bitcoin could perfectly suit the demands of our future.

[mammusu]

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.

True, on the other hand I think few people can think this far, they just think that saving in the bank or manual can save them in the future, but it is a fact that inflation will never be avoided, and one of the right solutions here is as you said that we should turn to other alternatives that are indeed the right idea such as investment, by having this place then you will be able to get additional value and amount of money over time and this will be very useful to balance your financial value with the increasing purchasing power due to inflation. On the other hand I am not saying that saving money is bad, because it is a good idea that leads to preventive measures, but on the other hand we must be more careful and look for alternatives that are truly a solution.

Saving money in a bank account or manually at home provides a sense of security, but the purchasing power of those savings may diminish due to inflation. Investment indeed offers a promising alternative to combat the effects of inflation and grow one's wealth over time. By allocating funds into various investment vehicles such as stocks, bonds, real estate, or mutual funds, individuals have the opportunity to earn returns that outpace inflation and increase their financial value.

Investment needs to be appraoched with caution and diligence, beucause it carries risks. If you want to invest, you need to conduct thorough research, seek advice from financial professionals, and diversify investments. These can help mitigate risks and maximize potential returns. By striking a balance between saving and investing wisely, individuals can better safeguard their financial future and achieve long-term financial stability.

[Wakate]

Save money today so money would save you tomorrow.

If you talk about being thrifty, of course it is a sacred thing that every human being must do. Frugality is one method for success in life, wasteful is the source of trouble in the future, It is indeed a phenomenon that occurs in people's lives.

But if we talk about economics or saving and saving money, for me money cannot save us in the future, for example what happened to the people of Zimbabwe, Venezuela, money like rubbish there has no value, maybe saving and saving gold for me is a good opportunity to save us in the future, in my opinion gold is better than money in saving.

Those who has the habit of saving money would never lack, that is one thing we need to know and keep doing so that we didn't fall victim of becoming bankrupt without any preparation of whatever that will help us to stay safe and not become a victim of brokenness.There are many ways we can save our funds making sure that it is available whenever we needed it. We can decide to use the fund to invest in cryptocurrency buy buying good crypto projects and leaving it for it to grow so that we can make money from it. This is also a way for us to make money and not to spend money extravagantly.

[BABY SHOES]

By saving it will be safe in the sense that when there is something mendeksa or needs that are needed because the money is ready that you save.

But if you make an investment -> it will increase your wealth or you can say rich starts from investment.

Back to the issue of saving and money that you talked about.

I know there are still many people who prioritize unnecessary items for the sake of momentary satisfaction just for their socialite while they will not think about how tomorrow because what is important now is enjoying tomorrow will be thought about again, so with this way of thinking it is clearly wrong because they have never learned how to manage money properly.

I don't recommend saving all your money, you should still set aside some for investment because here you will have a decent return rather than saving money which will eventually be affected by inflation.

[Mpamaegbu]

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.

Your comment hit close home. I feel you on that one. My suggestion to people in countries like that is for them to save their local currency in dollar or any other they know is relatively stronger than theirs (that's if they can) or save in stablecoin if they've knowledge of cryptos. That's the way to go about it. Then only convert to local currency and use when the need arises or exchange the dollar/coin directly for goods and services. Without this, the person trying to save in their local fiat will continue to be at a great loss.

[slashz9]

yes good advice to save but to achieve financial freedom or reach a higher level than that, we all know we have to invest, or create a business, otherwise we will be trapped forever in that condition, but because everyone's start is different, so in the beginning saving is not being a bad choice, it indicates the person can set aside his income.

[Bd officer]

Savings is very important in all of our lives. You may have a situation where you may lose your job if you are employed or your business may suffer if you are in business Now if you don't have savings then your life will become difficult to live. So thinking about the future we should save as much as we can afford. But currently inflation is increasing so it is better to keep investing in bitcoins if you can afford it then you can save by investing in gold silver or land.

[khiholangkang]

Savings is very important in all of our lives. You may have a situation where you may lose your job if you are employed or your business may suffer if you are in business Now if you don't have savings then your life will become difficult to live. So thinking about the future we should save as much as we can afford. But currently inflation is increasing so it is better to keep investing in bitcoins if you can afford it then you can save by investing in gold silver or land.

Frugality and saving money are different things but in English they have the same sentence actually, but maybe what is meant is frugality, but I don't know what saving money actually means in the argument.

Saving as much as possible is certainly foolish, because inflation and bank interest will eat our money slowly, it's a fact that we often don't see, but can't be seen by people who don't understand the financial system. Judging from the investment that you suggested, in my opinion, for land itself it is difficult to sell when we need money quickly, it is better in crypto or gold so that it can be easily sold without having to negotiate prices and find buyers, and if today entering crypto is a very potential profit where we will face halving and the end of the bitcoin cycle.

[KiaKia]

There are too many bad advice that people like sharing to other people, you should invest your money today is that you will save yourself tomorrow, savings won't safe you tomorrow, because the amount you saved is still the exact amount you save.

There was a time where people are advising people to start saving, now the currency of my country is losing value faster, not only are they getting the amount they saved, but the value isn't there anymore, it's a bigger loss for them.

It's good to save money, but depending on what the economy will look like tomorrow, your saved money might not help you in anyway that you thought it would, when you have income problem, don't solve with savings, find how you will have better income stream and instead of focusing on savings, it's better to start investing.

[|MINER|]

Always be thrifty. Today you are fine, you have a job but can you guarantee that tomorrow there will be no calamity in your life? Don't say no.  We cannot tell what will happen in the future.  So we should always save money for future and then spend it. There is no harm if you keep the amount of money you spend in your daily life and deposit the rest immediately.  We all should save a certain amount of money. And this money must be deposited in a trusted place. You can deposit the fixed amount from your earned money in BTC, USDT.

[AnonBitCoiner]

Saving can save you from hard circumstances and when you need money in emergency then you have not to worry about it and will not beg in front of others to handle the situations but you can freely use your saved amount. People do not understand the benefit of saving when they are young because they find everything they wants from their parents but when they grow up and manage their needs with their own salaries then they regret for their past.

I think young generation are spending more money on useless things as Compared to old generation because they either have no idea about saving or they are not using money of their efforts. So when they initiate using their own money then they will understand that how important saving of money is.

[Marvelockg]

It's not just about saving money, it's about saving it in the right form and way. If you save your money in fiat currency you are putting yourself in a serious disadvantage because fiat doesn't appreciate but in nost cases depreciate in it value. If you are currently doing a job that is paying you an amount that's above your daily expenses and you can afford to save some, don't just save it in the bank. Use it to purchase asset that's of value or better still invest it into something that will increase in value with time.

[Lukmanfirdaus1]

yeppp, I agree with you about saving money, dividing it into several parts, saving and not spending on unnecessary needs. Steps like this can save us from poverty or at least can help during emergencies such as accidents, being fired or even pandemics like Covid-19 a few years ago. but it would be wise if you already have a lot of money in savings, don't save it in fiat, because your money will be eaten up by inflation, you can buy gold which has been proven to be reliable for centuries in fighting inflation.

[knowngunman]

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.

This is the first thing that came to my mind when I saw the topic before even opening the thread but Op had a different opinion. I see it as unwise decision for someone to be saving their money when there are better opportunities out there that one can venture into with some reasonable capital. However, I realized that two things are the main reason why people are scared of investing their money. To some, it's the risk involved but I don't see that as an excuse. Taking no risk is the most riskiest and it's imperative for one to take risk if you want to be successful. Taking risk has just two result, either you succeed in it or you learn from it. Secondly, lack of knowledge is another reason why people are not investing. They see themselves as if they will not survive in investment due their lack of knowledge. No one was actually born a genius, you dedicate your mind and time to whatever you want to learn and you'll become pro with time.

Saving money is actually good but investing the money is the best thing to do at the moment. When you take a look at the influential people on earth, they are not people with huge money on their account but rather, they are people with high investment.

[killerfrost]

It's not a question of "investing versus saving," but rather finding a healthy balance between the two. Both strategies play crucial roles in securing your financial future, but for different reasons.

Saving is your safety net, your financial airbag. It's the pool of money you can readily access for emergencies, unexpected bills, or short-term goals. Think of it as your peace of mind fund, knowing you have a buffer against life's curveballs. Investing, on the other hand, is about growing your wealth over time. It's like planting a seed – you put in your money, nurture it with research and patience, and reap the rewards in the future. It's a strategy for long-term goals like retirement or building wealth for your family.

The key is to strike a balance based on your individual needs and risk tolerance. A good rule of thumb is to build a solid emergency fund before venturing into significant investments. This way, you can weather unexpected storms without jeopardizing your long-term plans. Ultimately, it's not about choosing one over the other, but about combining saving and investing for a well-rounded financial strategy.

[tyz]

Saving money alone cannot save us from the future's uncertainty but saving and investing as well will secure us a brighter future. While investing in gold can bring us a fortune, then the more that we can achieve financial freedom through saving and accumulating bitcoin.

Saving and investing is the key. Investing alone is not a guarantee of having a better live later. Investing is an art, apart from throwing your money into an S&P 500 ETF and hoping it will go up like it has over the last few decades.  People believe that because it was so easy to make money with the American index in the past, it will be easy in the future. But nobody knows what the future looks like. It may be that only special investments will really make money in the future.

[acener]

Instead of saving why not invest it, saving money doesn't give you profit and the value would decrease as the cost of living is constantly increasing.
What I am doing is I am holding or saving for a month and at the end of each month the money that I've save would be put into investment or I would use it to buy crypto and hold or stake it.