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Author Topic: Save money today so money would save you tomorrow.  (Read 1505 times)
MissNonFall9
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February 26, 2024, 09:50:31 AM
 #101

In today's competitive market and rising commodity prices, there is no alternative to saving money. Because we don't know where it ends. Since none of us have a firm idea of ​​the consequences, we should save some of our income and focus on moderate spending. Because I have seen and seen how the rise in commodity prices is accelerating day by day.
What I am doing myself is saving some part of my income without thinking about the expenses in advance. Because if I think about buying first I find I don't get any surplus money for savings. Yes but if I save before spending then I can handle the expenses with the amount of money I have. But it's just that while maintaining house expenses, I have to cut some expenses that are necessary but will not affect me even if I don't.

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February 26, 2024, 10:25:23 AM
 #102

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.

           -   All people know that saving money is a good thing, but that's why the majority of them don't do it because the reason for the majority is that they don't have a large salary; rather, they say it's not enough. These are their reasons, most of the time.

But there are others who, even though their salary is small, are able to save money, while others have a large salary but are not able to save money. That means it is a matter of determination and willingness to do it, right? There are others who earn a lot but don't know how to manage their money.

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February 26, 2024, 10:39:23 AM
Merited by ferida504 (1)
 #103

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.

Money that is saved every month and ultimately used for investments or other work is an important part of earning more money through this. Because money that is just sitting around will clearly not produce anything other than the money itself, the value of which can even decrease when the cost of living starts to increase every month. So it is indeed the best option for anyone to use their money in work that they love and are good at, such as Bitcoin investment and also in more profitable businesses so that we can continue to make more money every month.

I think this is not only about how to save or save, but also about how each person knows how to use and use money for things that are more important and more profitable for themselves every month. Because we all know that money saved at home or in the bank will not get better or make more money unless we take that money and use it as capital to attract more money through business and other jobs such as investing in the best crypto assets.
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February 26, 2024, 01:02:48 PM
 #104

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.
There is no substitute for savings when it comes to living a healthy and secure life. People who don't save I think don't have a specific goal either. Even a poor man should have tendency to save. My today's situation will not be the same for tomorrow. So I have to act accordingly today for tomorrow's security. Moreover, human performance also decreases with age. So we should have a saving attitude in advance for how we can survive in the future days.

Those who have the attitude of saving they can do it. But saving money is definitely difficult for some people especially who don't know about the importance of saving. An earner should commit to savings even if it is small. The amount of savings may be very small but if one can save that money will turn into an asset after a certain period of time.

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February 26, 2024, 03:03:50 PM
Merited by Antotena (3)
 #105


    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 the current economic climate, it can be challenging to manage finances, but it's crucial to seize opportunities to save whenever possible. Saving isn't just about preparing for emergencies; it's also about securing your future. As we age, our energy levels decrease, making it harder to earn money through work. Therefore, it's essential for young people to start saving now to alleviate potential financial struggles in old age when they may no longer have the capacity to work.

By planning and setting aside money early on, they can build a financial cushion that will support them during retirement when they may be unable to actively seek employment. Thus, embracing a habit of saving today can significantly mitigate the hardships that may arise in the distant future, ensuring a more secure and comfortable retirement.

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February 26, 2024, 03:48:34 PM
 #106

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.
It is because there are people that can't take to invest. They're okay with deposits and savings but they can also earn a bit of interest from that. Not that much but it's still a return for them and their purpose is just to save.

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.
We've got different style of how we're going to use and keep our money and if this is the approach that works for you and most of us, we'll just continually going to do that because we know how effective it is. And those people that are scared of taking risk, they don't have to dive in with two feet on it, just try and see how it works and if it will work for them.


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February 26, 2024, 04:44:31 PM
 #107

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.
I think you are right, and that is because the value of money can decay overtime, and this is why like you said we also need to have an investment because it acts as a counter to the inflation. We only need to choose our assets wisely as some are still poor in quality and only just a scam.

Anyway, Both Gold and BTC can bring us a fortune which can also equates to being financially free, but it's just that BTC is only known to be a decentralized currency and the title of financial freedom is its tag line. BTC is more techy than Gold but I heard there is also digital gold now? And they might be back by a real gold. For me, both assets are still important because each has their own pros and cons.
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February 26, 2024, 06:02:56 PM
 #108

Anyway, Both Gold and BTC can bring us a fortune which can also equates to being financially free, but it's just that BTC is only known to be a decentralized currency and the title of financial freedom is its tag line. BTC is more techy than Gold but I heard there is also digital gold now? And they might be back by a real gold. For me, both assets are still important because each has their own pros and cons.
Both types of investment need to be added in asset diversification mode to stabilize asset values if one asset experiences a loss, we can also add other assets including real estate, shares, land and others. Don't place on one asset as we are advised to have at least 2 different assets, however gold and BTC are the perfect combination for long term assets.

The situation of fiat is increasingly worrying due to the impact of global finance, the value of fiat is getting lower but the prices of goods and services are increasing greatly, so prepare yourself to choose assets that you think have the potential for future profits.

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February 26, 2024, 06:12:07 PM
 #109

Both types of investment need to be added in asset diversification mode to stabilize asset values if one asset experiences a loss, we can also add other assets including real estate, shares, land and others. Don't place on one asset as we are advised to have at least 2 different assets, however gold and BTC are the perfect combination for long term assets.

The situation of fiat is increasingly worrying due to the impact of global finance, the value of fiat is getting lower but the prices of goods and services are increasing greatly, so prepare yourself to choose assets that you think have the potential for future profits.
If we have several types of investments that we make, of course this will be very good for our future, because this will make it easier for us to meet our needs in the future and if we don't have investments for the future, of course this will be very makes things difficult for us and we have to try our best to be able to meet the needs needed in the future.
So it would be very good to save and use the income we have well so that we can invest for our future.

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February 26, 2024, 08:02:47 PM
 #110

    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 prefer to save a small percentage and much prefer to invest in assets that maintain value. Saving is not productive because money cannot produce income and instead money can depreciate over time. Even so, savings are very important because when we suddenly need them there is no need to sell the assets we have. Spending on something that is much more important and not prioritizing spending money on needs that are not urgent because this is the only way that can be done.

If we only rely on savings, it is not certain that we will be able to save ourselves in the long term amidst increasingly bad economic conditions because the price of goods continues to rise while money always depreciates. It is better to place money that is much more productive by buying several assets that have the power to maintain value. At least this can provide benefits in the future and we can take advantage of the investments we make.

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February 26, 2024, 09:06:36 PM
 #111

I prefer you say invest in a value asset cause this is the best way to store wealth, investing and saving should work together but you should determine the choice you want like where will you like to store your wealth or rather save your money, you can take time to carefully observe the asset that might likely gain value within 2_3 years and invest. Saving your money in the bank sounds outdated in my opinion cause it has no value attached, a lot of individual choosing fiat is just a matter of ignorance and if going for an asset or investment you'll definitely have the mindset of earning extra profit as time goes on. Don't just save your money because others are saving too, save with the right motive and make right decision when saving.

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February 27, 2024, 03:47:06 AM
 #112

I agree that emergency fund is important, and everyone should aware of that, but only relying on saving is not a good thing too. Our money will be eroded by inflation, so we might have the same amount of money that we have today for tomorrow, but the value will not. So, other than saving for emergency fund, put some money in investment like crypto or stock is also a good idea. Tho we would still need to have emergency fund in case we need quick cash.

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February 27, 2024, 05:20:33 AM
 #113

If measured by the benefits of saving, you have done something that can make things easier for you in the future, by saving you will also be free from debt, but it needs to be underlined, saving will not make you rich. Managing finances is very important in order to achieve financial success in the future. There are two ways you can achieve better financial goals, you can choose between saving or investing.
Instead of setting aside some of your money for savings, I prefer investing because it has the potential to provide higher returns. Investment is also a way to protect wealth assets so that their value is not eroded by inflation.

R


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February 27, 2024, 07:13:19 AM
 #114

I agree that emergency fund is important, and everyone should aware of that, but only relying on saving is not a good thing too. Our money will be eroded by inflation, so we might have the same amount of money that we have today for tomorrow, but the value will not. So, other than saving for emergency fund, put some money in investment like crypto or stock is also a good idea. Tho we would still need to have emergency fund in case we need quick cash.
Well, that's why we need to pay more attention to what we invest than what we save. we need savings to meet the emergency needs we have. Without savings, all the investments we have could be at risk.
Even though saving is something that needs to be considered, I think it's a good idea to do that while investing. Investment is an important thing. In fact, I think that when we have 100% of our money, 70% is for investment purposes, and 30% is for savings. it's better than to focus on one of them. That way, we have reserve funds or savings, and also investments that can give us profits every month or year.

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February 27, 2024, 08:02:21 AM
 #115

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.

           -   All people know that saving money is a good thing, but that's why the majority of them don't do it because the reason for the majority is that they don't have a large salary; rather, they say it's not enough. These are their reasons, most of the time.

But there are others who, even though their salary is small, are able to save money, while others have a large salary but are not able to save money. That means it is a matter of determination and willingness to do it, right? There are others who earn a lot but don't know how to manage their money.
Yes, it is really that too easy to say about saving up but in todays reality on day to day living on which it is already that a huge challenge for us and  this is something that not all people would really be capable on doing such thing on which we know that there are ones who do have huge salaries and there are ones which is really just that ample or just that exact into their daily needs thats why they cant be able to save up.
I could attest this to myself when i was still that a worker or having a day job on which the salary isnt really that big for you to boast of and would really be having those thoughts that it is really not that enough.
Yes, you do really like on having that savings but we do know that we cant really be able to do so because of such condition.

This is why it would really be that so wrong that we do blame out other people just because they cant be able to save up. We dont know on whats their situation and this is why
it is really that something that better to leave them alone since we do have our own struggles in life and the solutions that we are seeking into.

R


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February 27, 2024, 09:33:13 AM
 #116

We all need to have savings for the future. We all need to have an emergency fund because we have no idea when our financial problems will occur. If we follow some rules in our life then maybe we will be able to save our money.

We need to set specific goals: we need to plan our spending levels from the amount of money we earn and even spend accordingly and motivate ourselves to increase savings. This is how we can gradually reach our ultimate goal faster.
Avoid unnecessary expenses: We are often forced to spend unnecessarily on our friends and family. We need to stop this unnecessary spending to keep our goals in life. So we all should be frugal and stop unnecessary expenses.

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February 27, 2024, 10:04:15 AM
 #117

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.

           -   All people know that saving money is a good thing, but that's why the majority of them don't do it because the reason for the majority is that they don't have a large salary; rather, they say it's not enough. These are their reasons, most of the time.

But there are others who, even though their salary is small, are able to save money, while others have a large salary but are not able to save money. That means it is a matter of determination and willingness to do it, right? There are others who earn a lot but don't know how to manage their money.
Yes, it is really that too easy to say about saving up but in todays reality on day to day living on which it is already that a huge challenge for us and  this is something that not all people would really be capable on doing such thing on which we know that there are ones who do have huge salaries and there are ones which is really just that ample or just that exact into their daily needs thats why they cant be able to save up.
I could attest this to myself when i was still that a worker or having a day job on which the salary isnt really that big for you to boast of and would really be having those thoughts that it is really not that enough.
Yes, you do really like on having that savings but we do know that we cant really be able to do so because of such condition.

This is why it would really be that so wrong that we do blame out other people just because they cant be able to save up. We dont know on whats their situation and this is why
it is really that something that better to leave them alone since we do have our own struggles in life and the solutions that we are seeking into.

There may be people with low income who have difficulty saving, but I believe that if they are determined enough, they can still save a little. Just like some people here they say they can't save but they have money to gamble online or they have money to invest in bitcoin. But when it comes to saving, they always give dozens of reasons because they simply want to find a way out of poverty by investing. But they don't know that saving for emergencies is much more important than making high-risk investments.

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February 27, 2024, 05:12:58 PM
 #118

If measured by the benefits of saving, you have done something that can make things easier for you in the future, by saving you will also be free from debt, but it needs to be underlined, saving will not make you rich. Managing finances is very important in order to achieve financial success in the future. There are two ways you can achieve better financial goals, you can choose between saving or investing.
Instead of setting aside some of your money for savings, I prefer investing because it has the potential to provide higher returns. Investment is also a way to protect wealth assets so that their value is not eroded by inflation.


Saving will not make you rich but it is a fact that in the situations of emergency you will need it more and you will have saved amount to use it to handle the situations. Saving is not possible to do at once but if you save amount on monthly basis or weekly basis depends on your salary then it will become Easy for you and will not be burden upon you.

Investment is needed when one needs to enhance the value of his money but I think investment amount cannot be taken out during emergency while Saving amount is in your hand and you can use at anytime for anything. Divide your Saving into two part one for investment and another for Saving so this will be better in case of emergency situations as well as to enhance money worth.



 

 

 

 

 

 


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February 27, 2024, 10:09:27 PM
 #119

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 think the subject should be invest some money today, so your investment would save you tomorrow. Everyone obviously need investment and if you have the opportunity to do, take advantage of it because it's now easier to make first million but not many people knows how to adhere to that status for long, they make the money and then blow it like it's nothing and when they try to make another one again, the luck don't come to their side again and after that one finish, they blame their self later for wrong move and it's already late.

To avoid had I know, better do when you have the means. There are time for everything, just because you made enough money doesn't mean you should go get a car and just because you want to buy a care doesn't mean you should get a car that you can't maintain, these are the problems we don't discuss enough because a lot of young lads has been mislead by the society lifestyles and peer pressure.

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February 27, 2024, 10:34:13 PM
 #120

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 think the subject should be invest some money today, so your investment would save you tomorrow. Everyone obviously need investment and if you have the opportunity to do, take advantage of it because it's now easier to make first million but not many people knows how to adhere to that status for long, they make the money and then blow it like it's nothing and when they try to make another one again, the luck don't come to their side again and after that one finish, they blame their self later for wrong move and it's already late.

To avoid had I know, better do when you have the means. There are time for everything, just because you made enough money doesn't mean you should go get a car and just because you want to buy a care doesn't mean you should get a car that you can't maintain, these are the problems we don't discuss enough because a lot of young lads has been mislead by the society lifestyles and peer pressure.

Investing is becoming a necessity. The deterioration of economies and the depreciation of local currencies push people more to invest.

Avoiding unnecessary expenses and deciding to save is a good start. A person's desires and needs are endless, and if a person does not limit himself in unnecessary needs, he cannot save. In order for a person to decide on this issue and start saving, he/she must first know how to classify his/her needs. When most people buy something they don't need, they feel like they are buying something they need, and they make the mistake of buying something they don't need.

Just because people around you are buying things or spending money doesn't mean you should too. Everyone manages their own budget. Deciding to save is the first step to take. People who make this decision usually realize that they made the right decision when they look at their savings after a while.

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