Take care of your money and learn to save.

[ShowOff]

I can imagine how difficult it is to save money when someone only has one source of income with regional minimum wages that vary widely in Indonesia. The highest Regional Minimum Wage in Indonesia is $335 per month, this amount will most likely not be enough to meet living needs for a month during the inflation. The prices of all basic commodities are expensive, then the increase in taxes also causes many bills to increase.

Of course, everyone has different life needs and that allows them to save money. But I think it's very difficult because somehow the impact of inflation really means they have to spend more. Fuel prices have gone up, electricity bills have gone up, basic commodities have gone up, even vehicle and other taxes have also gone up. It's obviously difficult to save, but it's still possible if they have more than one source of income.

[0t3p0t]

Saving money isn't as bad as wasting it from gambling or overspending to nonsense things. Saving alone might be a little tricky since we all know inflation will just eat it all. Saving for something like an emergency fund is much better but if you are wise enough you have to choose into investing it on future proof assets like Bitcoin, precious metals/gems and real estate. We should learn to have financial literacy before it's too late.

[iBaba]

Saving money isn't as bad as wasting it from gambling or overspending to nonsense things. Saving alone might be a little tricky since we all know inflation will just eat it all. Saving for something like an emergency fund is much better but if you are wise enough you have to choose into investing it on future proof assets like Bitcoin, precious metals/gems and real estate. We should learn to have financial literacy before it's too late.

There two ways which I have tested and I think are quiet effective right now based on the current economy of the country which we are faced with today. First of it is money contribution, which is another way of saving money but through a non-legal method comprising of two or more people coming together to agree to contribute money with the intention of gathering a huge amount of money within the short period of time and giving it into the other, through a cycle.

This is effective for me, when I have a project at hand and I need to contribute to be able to get a chunk of the money through the method. As we do that, I am able to achieve bigger things with the resources at hand. Secondly, through physical and online investments. I've invested in shares with friends to sustain my income for bigger achievements and online investments through the DCA method of investment.

[South Park]

I can imagine how difficult it is to save money when someone only has one source of income with regional minimum wages that vary widely in Indonesia. The highest Regional Minimum Wage in Indonesia is $335 per month, this amount will most likely not be enough to meet living needs for a month during the inflation. The prices of all basic commodities are expensive, then the increase in taxes also causes many bills to increase.

Of course, everyone has different life needs and that allows them to save money. But I think it's very difficult because somehow the impact of inflation really means they have to spend more. Fuel prices have gone up, electricity bills have gone up, basic commodities have gone up, even vehicle and other taxes have also gone up. It's obviously difficult to save, but it's still possible if they have more than one source of income.

There is little doubt that it is very difficult to save any money right now, but it is because of this that people need to use the periods in which the economy is doing well to accumulate as much money as they can and then invest it, if they did that, they will be in a way better situation, however the culture of saving has been lost in most countries, with most people spending even more money than what they earn by the use of credit cards, and as soon as the economy takes a turn for the worse, they find themselves in a very difficult economic position.

[Fiatless]

I can imagine how difficult it is to save money when someone only has one source of income with regional minimum wages that vary widely in Indonesia. The highest Regional Minimum Wage in Indonesia is $335 per month, this amount will most likely not be enough to meet living needs for a month during the inflation. The prices of all basic commodities are expensive, then the increase in taxes also causes many bills to increase.

It seems this economic problem is universal. In my country, the minimum wage cannot take care of the needs of an average worker because of inflation. The price of goods and services has increased and some workers will have to take loans to survive. During the last workers' day celebration, the government promised to increase salaries because they are well aware that our currency is becoming worthless.

Of course, everyone has different life needs and that allows them to save money. But I think it's very difficult because somehow the impact of inflation really means they have to spend more. Fuel prices have gone up, electricity bills have gone up, basic commodities have gone up, even vehicle and other taxes have also gone up. It's obviously difficult to save, but it's still possible if they have more than one source of income.

Seeking for other sources of income has become a priority for salary earners. With the high rate of inflation, it will be better to seek for part-time or remote jobs to back up full-time jobs. Some of my colleagues are venturing into agriculture for them to produce their food and also sell surplus produce.

[Asiska02]

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.  

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

Let no one decide for you how you spend your money and not the feeling of others about you on how you spend your money stop you from enjoying every moments of your life you can derive from spending that money. It doesn't have to be buying things for yourself, but you can also derive pleasure from gifting out those monies to others that need it as a form of charity and support to them. I am of the believe that givers never lacks, so when you're spending some on yourself try and give some out so that the one you have will replenish more. Some will view it as a religious point of view but it can also be natural and works that way.

There's limit to everything and when the limit is reached, you should draw back and not overdo. This has to do with giving out and also how you spend your money. When the source of the money is no more depending and you can't source for another, how you spend should also be strategised again because you’ll bit your fingers at home without having anyone to help you through since not all humans are dependable to reach out to even after you’ve helped them before.

[Tk smith]

people who criticize are always the ones who haven't achieved more than you have. It's always that way when you have money, they come forward and be on your side but when you have nothing, you are set aside and even discredits your achievements.

it's best to just keep silent when you have money and never show them your success. not everyone on your side is your friend. sometimes they are just waiting for your failure.

Very correct! Additionally, it's the persons you have around you when you have nothing, not always though, but in most cases, that are your true friends.
Furthermore, there are indices that reveal a person to you as being a true friend; regardless of whether you currently have money or are still on your way to financial freedom. one of such indices is their opening doors of opportunities to you for your growth and wellbeing before and behind you. In other words, whether you are directly aware of it or not.
One

[Agbamoni]

It's hard to make money but easy to spend. A person can make a millionaire in a moth while h can spend that million in a day if he chooses. I have heard of people complaining that they do not know how they spend their money and before they realize they have nothing left in their account. The thing is that it is obvious that they money they made in a month has been spent on unnecessary things. Based on my experience i believe that the best way to spend money is to spend the money on things that would generate more money back into your account or things that would increase productivity.

[Ryu_Ar1]

If you really want to be more serious, why not invest instead of dividing it with savings in the bank because after all, we must be aware that with the current conditions and the higher inflation rate, money loses its value so that in the end we can determine the attitude by investing because it could be better than having to force to save in the bank.

Indeed for now we cannot completely let go of fiat from us because after all we are still clinging to fiat so inevitably we have to have it but if we relate this to savings then I think it can also threaten you a little because if the value of money continues to decline then we will be increasingly inconvenienced even though there are savings that we have.
Reserve funds or emergency funds must definitely be there to minimize so that when something unexpected happens we are ready but instead of saving even though it is still very good it will be more worth it if in the end we choose an investment that we can really trust.

[SamReomo]

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend.

I think from an investment point of view that thing makes sense, and also from saving point of view, but if you want to enjoy the present moments of your life then you'll have to spend money.

It's hard to be happy without spending money in current times, that's why I believe on should try his/her best to spend some money in order to enjoy the present moments.

Another important thing I would like to say is that when you have skills that are at top levels then you can earn money again even if you spend whatever you have right now.

However, I also believe that spending money on unnecessary things is a sign of stupidity, but if someone spends money to make his/her life happy then that's a good investment in my eyes.

[harapan]

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

Most importantly,its adviced or its better to adhere to policies that'll really benefits ones financial lifestyles and growth.Do not save what is left after spending, but spend what is left after saving”...You'll see that every postive approach towards learning and abiding to financial   instructions like this makes life easy and comfortable too.

Having a clear and realistic attempt towards one's goals,and having a plan to achieve those goals within the expected period of time is indeed worth going for.Supposedly,having a goal/plan to improve your financial status,and then efforts put together to achieve successful habit's towards your aim is also another capacity in addition to actualize and establish new saving habits.

[GbitG]

~Snipped

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

I recently finished reading the book "Psychology of money" and one of my key takeaway from the book is that, as much as possible, I should exclude myself from the rat race of constantly trying to live my life to impress others. Embracing the luxury life when I don't even need it is such a bad idea because at the end of the day, when push comes to shove; all the people I'm trying to impress won't be there to support me.

As long as the basic stuff are enough to cater for my needs and I am contented, I am good. I only realized afterwards that most things I have gotten in the past was solely because I wanted to impress people. Not again!

Yep, mate !
I have also studied this book "Psychology of Money," and what touched my mind is what you described as "Rat Race." This is something that can change your life. That is, Morgan Housel, who is a book writer, has derived this understanding from this that use money on your own estimate, that is, don't waste money on things that are pointless like people. It should be understood that it means to stop impressing each other with pointless things like ratings. Just focus on your goal; only your goal can give you everything.
 
I have also studied this book, "Psychology of Money," and what touched my mind is what you described as "Rat Race". This is something that can change your life. That is, Morgan Housel, who is a book writer, has derived this understanding from this that use money according to your own estimate, that is, don't waste money on things that are pointless, like people. It should be understood that it means to stop impressing each other with pointless things like ratings. Just focus on your goal only your goal can give you everything. So it means to say that money should not be wasted, even if you own billions of dollars, you should not waste it.

[GeorgeJohn]

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance.  

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well.  

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

spending money is basically on the way you generate the money,  because theirs no amount money and good you will do for people that will not make them to castigate you, so from my understanding it's clear that investing in Bitcoin is good and better than given out your money to people you think that will label you as a good person, human being is unpredictable and they will blame you when things is hard for you whereas they are the people who enjoys your money

[Tamaperdana]

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

I think the right words for the argument you wrote are like this. “If you have a lot of money, you will definitely have a lot of friends. If you don’t have money, your friends will definitely disappear.” Incidents like this happen a lot in our environment today. Maybe because the cycle of life is now increasingly changing. But you need to know, there are still many people who are willing to be our friends, whatever our economic status. Try looking, you'll definitely find it. Maybe you've been hanging out with the wrong people. So the impact you experience is like this.

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

I think saving is less efficient nowadays. Especially if you intend to save just in case a financial crisis occurs. Because when a financial crisis comes, sometimes inflation will be higher, and of course the value of money will fall. So it's better to just invest. Because by investing we definitely have the possibility that the amount or value of our money will increase.

Apart from that, being a stingy person is not completely wrong. Especially if our condition is not good. But believe me friend, when we generous (with money), the money will come to us more quickly and smoothly. Because as long as I have lived on this earth, I have never heard of a generous person falling into poverty. However, the philanthropist I am talking about here is of course a philanthropist who has calculations.

[OrangeII]

Well, financial management is the key to this. I may now be inclined to choose investments over others. Until now, I still don't care what other people think. As long as I invest, and try to increase the finances I have, then it's not a problem. However, I also agree that we should focus on investing and saving the money we have now, because in the future, no matter how close you are to other people, that person will have limits in helping you when you really don't have money. So, I also suggest focusing on investing and saving.

[Sexylizzy2813]

People's financial situation is not always the same as we have enough money now but in the future we may not have enough money to spend. Now we have enough money so now I will go out of my way to spend money as I want for no reason then later when I don't have enough to spend but no one else will give me money to spend. It is a fact that as long as you have money and as long as you spend money behind others people will speak for you and people will be with you but if one day you want to walk with them without spending money then you will find no one to walk with. Since money brings people closer and money drives people away, money should be given the most importance. 

The amount of money that we are earning now is divided into several parts and the remaining money is the money but if we want we can invest or save so that if there is a financial crisis in the future but this saved money will support us well. 

We must be careful about money, if you are careful about money then there is no problem if people call you stingy because some people's job is to say bad things about others.

When you have money I mean enough money your friends increase without you knowing (that's if you're the party type) so you need more money to make things happen to keep that friendship going. Before you start up a life of spending lavishly don't forget of having where more money would come from, that's why one need a better investment to stay on top not only that but you need to think I'm a productive way to keep the money pumping.
In some countries where things are hard and prices of goods have doubled times 3 of the old price, you think of how to spend less and save more and also cutting off the way you spend as of then to make a good meaning of your hustle. Is best to be stingy and you have what to feed yourself and your family than giving out money without thinking about tomorrow to be begging along the street with a hungry stomach.

[Kriptogram14]

When you have money I mean enough money your friends increase without you knowing (that's if you're the party type) so you need more money to make things happen to keep that friendship going. Before you start up a life of spending lavishly don't forget of having where more money would come from, that's why one need a better investment to stay on top not only that but you need to think I'm a productive way to keep the money pumping.
In some countries where things are hard and prices of goods have doubled times 3 of the old price, you think of how to spend less and save more and also cutting off the way you spend as of then to make a good meaning of your hustle. Is best to be stingy and you have what to feed yourself and your family than giving out money without thinking about tomorrow to be begging along the street with a hungry stomach.

Everything that is excessive is not good, like we are lavish and waste money without knowing where to go, it is better to save to be able to save so that our life in the future does not wander without knowing which direction, because today's world depends on whether we have more or less money. what we have, money is not everything, but everything needs money, that is the principle we have to instill at this time, if we really have a lot of money from our income then use the money well so that it is not misused resulting in us becoming poor.

Investment is the best way for us to save rather than wasting money in vain, indeed when we have a lot of money many friends want to be close to us, when we fall poor, not necessarily they still want to be friends with us and want to be friends with us, that's what Today's world is very cruel for those of us who don't have a lot of money, by managing our finances in a better way our lives will be better organized, learn to invest and then start investing little by little so that our money is more secure and not wasted.

[dansus021]

Take care of your money and learn to save. It actually great but would be more great if you can do take care of your money and learn to invest haha

Money is the key in this world it really is and we need ton of it just for live every day. Money management also needed in our daily life and control how the money flow is our responsibility. So take care and do Investment is needed in my opinion

[Sexylizzy2813]

When you have money I mean enough money your friends increase without you knowing (that's if you're the party type) so you need more money to make things happen to keep that friendship going. Before you start up a life of spending lavishly don't forget of having where more money would come from, that's why one need a better investment to stay on top not only that but you need to think I'm a productive way to keep the money pumping.
In some countries where things are hard and prices of goods have doubled times 3 of the old price, you think of how to spend less and save more and also cutting off the way you spend as of then to make a good meaning of your hustle. Is best to be stingy and you have what to feed yourself and your family than giving out money without thinking about tomorrow to be begging along the street with a hungry stomach.

Everything that is excessive is not good, like we are lavish and waste money without knowing where to go, it is better to save to be able to save so that our life in the future does not wander without knowing which direction, because today's world depends on whether we have more or less money. what we have, money is not everything, but everything needs money, that is the principle we have to instill at this time, if we really have a lot of money from our income then use the money well so that it is not misused resulting in us becoming poor.

Investment is the best way for us to save rather than wasting money in vain, indeed when we have a lot of money many friends want to be close to us, when we fall poor, not necessarily they still want to be friends with us and want to be friends with us, that's what Today's world is very cruel for those of us who don't have a lot of money, by managing our finances in a better way our lives will be better organized, learn to invest and then start investing little by little so that our money is more secure and not wasted.

All you said have been ring in the heads of many but to put it to work is the problem and I'd say for someone to stop spending carelessly he or she need to cut off friends who only come close whenever you have more to spend on things that doesn't matter. I agree, money is everything and we need money to do things but when you have too much of money it controls you and some times it causes hate among friends who share positive ideas.
Investment is good but invest wisely to avoid going bankrupt in life and it affect the family, scammers love it when they trick an individual to invest only on what they'll benefit from, they can use that means to make you trust and become friends with them. Before getting yourself in any investment (like Bitcoin) seek for advice from good head that knows more about it, don't use because you had to make more money to fall into the wrong hands.

[jrrsparkles]

Suppose you have money irrespective of whether you are spending it on others or just keeping it for only yourselves. In that case, people will respect you cause financial success is what is considered as someone being successful and one who is considered will be respected. People may get their money in different ways such as inheritance or building a company from scratch or saving it for years in many different ways.

If you just become ignorant and lose your mind when you have money then life will be miserable when you are in need of it, so considering future, it is important to have different form of savings such as emergency funds which should be used when your constant source of income stopped for whatever reasons, then the savings for future/retirement and then insurance probably health insurance as primary so that you won't be spending your life savings on hospital bills.