How to save successfully?

[bitzizzix]

Just because we don't see the real situation doesn't mean they don't want to save. Generally, their income is only enough to cover basic needs, making it very difficult for them to set aside money for savings. Even if they do, there's a high chance it will run out due to unforeseen circumstances.
Even if your income is only enough to cover basic needs, the solution is to find a side job or additional income to cover everything, including savings. Furthermore, they must maintain a very strict budget and record all expenses to know where their money is going and detail it.

[Jawhead999]

I believe everyone have a brain to think, no one in this world want to life where today they have to think what to eat tomorrow due to have no saving. If people can't save, that means they have a big responsibility and unfortunately their monthly income aren't enough to cover that.

If there are people who're poor and become beggars, it's also their choice, most countries give donation to poor people and they can live from that. So why they have to work if they got paid by the government? it's not much different with middle class people who have to work their ass off and life like a beggar too.

[Lembo69]

To save successfully, a person must be honest in his income and expenses. He should determine the goal why he really wants to save. To buy a house or a car in the future, or to meet the needs in an emergency.
And after determining these, he should save 20% or 10% of his income.
However, saving at the present time is not that easy, because your expenses are more than your income.
For this, you have to cut out entertainment expenses and occasionally spending on yourself. Such as alcohol, etc.
However, you may face many more problems due to inflation. However, if you remain steadfast in your goal, then no obstacle is difficult for you.
Moreover, discipline, consistency, and control are necessary for your savings.

[Pearl_20]

I don't think there's anyone who wouldn't like to save regardless of class and what he/she earns. The prices of items are high on the market which is correct and most person's can't even survive with their salary, like is not even enough talk more of saving from it..

A friend of mine works and he earns 50k, his transportation is almost half of the money he has needs, bills and this person needs food stuff too, for some people before the money come it has been utilised already.

Saving is a mindset and it requires a lot of discipline too. You can't have some situations at home that needs money attention and you talk about savings. Some people are going through so much that all they think is surviving first before they think about saving money for anything. Saving is good because it will help you in rainy day's but then one has to be healthy, have a family that is supportive, before saving money.

[Anayochukwu]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

The economy is not friendly with a lot of people and they are finding it difficult to save money even if they want to, saving money is for people that are earning salary not for people that are struggling to feed everyday with a lot of responsibility. And right now everything is so expensive that most people can afford to feed so how with the mindset of saving from the little they earn it is still hard to save because they have to survive first before they think of saving. It is good to save for future purposes but if the money at hand is not enough to save then we gotta survive first.

[Solodoski]

Savings is very important for everyone especially if you have an income, because you don't know when you will have an emergency and you need your savings. I think the reason why most people complain that they can't save is either they don't earn enough to cover their basic expenses or they don't have a steady income.
The basic thing for every human is food, clothing and shelter,  so I think this is the first thing you need to take care of before thinking of savings, if your income can not cover this things or its just enough for this basic things, there is no new way you can save. If you don't have a steady income it will be very difficult for you to save, because you need to run your daily expenses and it will be difficult if you don't have a steady income, which automatically makes it difficult for you to save.

[Cookdata]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

The question is what are you saving for, what are you going to use the money for. I can save money for my health and there is nothing on earth that is going to make me want to touch the money, it's going to be the least place I will want to touch if I have an emergency of funds, I can save for my tuition fee as well because I don't joke with my studies but what I will not do is to save for other expenses, unless they are bills I do clear weekly or dail, if they are long term I will do them when I have money.

I don't save for long term, if it's that important I will change it to an investment because it's useless saving money inflation would have make you regreted. You can't save money on your bank account without been affected by inflation, today inflation and tomorrow another price changed and it's keep getting higher. I can't remember the last time my toiletries price came down, its either the same or higher any time I check the price, saving should be for emergence purposes.

[SOKO-DEKE]

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Many people you may see are complaining that saving is too hard. It is all because of the hardship they are facing. The money they are making is not enough to feed them. So, as for a person that is receiving what is not enough to feed them, how can they be able to save? I don't think it is possible.

Like in my country, where some people salaries cannot feed them for two weeks  how will this kind of people be able to have savings? Many people are really ready to have savings, but the truth is that they can't, because the problems ahead of them are always bigger than the money they are making.

In fact, some people are always in debt because their salary or what they are making, is not enough to solve their problems. So the point is that even if you have the right mindset to always save, once your problems are bigger than what you are making, there is no way you can have savings.

[Yeesha]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Well, I actually don't have much to say, because you've already answered the question yourself, the reason why some people failed to save is because of the economic crisis, this is always their reasons. But from my perspective I don't actually think that it is a strong reason. Because basically from what you said "you said saving does not necessarily require a huge amount of money" and it is definitely right.

It is obvious that some countries are eventually going to through a lots currently and they are experiencing bad governance, but this shouldn't be the reason why they should failed to save, but it should encourage them to save for the future because they might need it for the unforseen circumstances that may arise in the future.

[Mhizlove]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

The whole concept about saving is about self control and discipline. For you to successfully start and maintain a saving journey, you'll have to learn critically how to discipline yourself. WizKid a popular afrobeat musician said in his song titled a million blessings, "that he invests whatever he gets and if you ain't wise, you won't achieve a thing in life." It's not easy to focus on saving if you're one that craves to get anything you see. One that can't say no to the petty things they sell close to your house or workplace. You have to say no to certain pleasures so as to help yourself build that saving habit.
Because no matter how small or big the amount is, you have to say no to somethings because definitely you won't make progress is you can't discipline yourself.

[tabas]

I don't think there's anyone who wouldn't like to save regardless of class and what he/she earns. The prices of items are high on the market which is correct and most person's can't even survive with their salary, like is not even enough talk more of saving from it..

And that disables the ability of most people to save and due to the high cost of everything like the basic needs. And so people hardly make it with one just source of income and that's why we have to work multiple jobs just to survive and save a little.

A friend of mine works and he earns 50k, his transportation is almost half of the money he has needs, bills and this person needs food stuff too, for some people before the money come it has been utilised already.

I think this is the same situation with other people. The others are paying more than half of what they earn with the rent or mortgage that they owe. And so, barely survive and save. So to save successfully or if you're already saving, it means that you're ahead and in a better situation than the others. Even 1%-5% of your total income for saving, it's a good amount and can't argue with that anymore.

[Female King]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

This is just like the case of bitcoin investment it is something you continue accumulating regularly with the little available income you want to use over o long time you might compounded enough bitcoin. Saving has been a life saver for most people the little you are saving can compound a huge money you never expected in a long run. I have different places i save i believe in a year time i will have a good amount to start a business i think people should have the habit of saving money.

[DaNNy001]

Saving is important and it's achievable but a lot of people are barely surviving in this current economy and few years ago that's not what the case used to be....people that are earning salary end up being in debt before their salary comes and at the end of the day when they get paid they have nothing else to save up, these are actually the challenges that comes with savings in contemporary times like this

[SUPERSAIAN]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

I agree that the amount doesn't matter, the important thing is to save as much as possible, monthly or weekly, without straining yourself. Saving even 5% or 10% of your monthly income will yield a substantial return years down the line. Saving more can lead to even more savings. Saving isn't everyone's cup of tea. Most people are interested in spending whatever they earn. Inflation is certainly bad, but it certainly doesn't prevent saving.

[GiftedMAN]

Some people are struggling to get a job how do someone who doesn't have a job manage to get a side job? Things are hard and the economy is not favouring every one it is those who are lucky to have a job they should be saving I won't save it I'm struggling to survive and to feed it's not possible to save when you don't have what to eat. If you have a well paying job and you can save something from your salary and still have what to use to cover your feeding and transportation then you are lucky.

[Josefjix]

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Lifestyle is the cause of the problem, some people cannot live below their means while trying to impress others around them, showing off their luxurious life continuously. Inflation is the not the problem most times because it's something inevitable and so every human being must be ready to face it and try to bend it's way towards it whenever it comes.

[Smartvirus]

When the matter of savings comes into content, I recall a book I read some years ago, a very popular one up till today, motivational and both finance book in one, “The richest man in Babylon” by George Samuel Clason. You would find it to be a very small book but captures some of the most important principles to finances.

One of the best means towards savings was that you get to keep 1/10th of your entire earnings. Even that would turn out to be small but, it’s always some place for a start to build on. Better still, you save in Bitcoin and see it to good value.

[Jewan420]

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Have you ever experienced poverty? If not, then it is natural for you to ask this question. Saving money is not a difficult task for a person whose expenses are less than his income. But think about someone whose expenses are more than his income and the entire family is able to meet their daily needs depending on it. Are you advising him to save instead of meeting his daily needs? If not, then you have to accept that saving is not an easy task for everyone.

This is not their complaint, but a victim of circumstances. Have you seen a person who has a very large source of income and whose expenses are very low compared to his income make this complaint? Maybe you will not hear this complaint from him, because he does not have to work hard and save in a planned manner, but his savings fund is automatically created. Everyone has the mentality of saving money, but does not have the opportunity. That is why we often hear the complaint that saving is very difficult!

[Miles2006]

Till date people who save their income successfully are financially capable and with the current economy state in some countries you can tell masses lack a good paying job else I see no reason why saving is considered impossible but, due to lack of funds. Saving doesn’t require a huge amount no doubt the reason is valid but, to an extend when one fails to continue saving consistently the amount definitely lose value during period of time. Saving doesn’t only get the work done rather what kind of saving or an investment choice, I think op meant bitcoin or other valuable investment.

[mirakal]

With or without inflation, if you really have the goal to save and stick to it regardless of the amount, I think you can definitely save in the long run. Let’s just stop normalizing that saving is only for those who aren’t facing hard times at the moment, but everyone should save for emergency funds and for a secured future of the family.

However, let’s just not stop into saving, but invest and make more money through different sources of income. That way, we can maximize our savings because we are now making bigger amount of income.