How to save successfully?

[Ndabagi01]

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?

People cannot save because the problems they have on ground is much more higher than how much they earn. If your salary for the week or month cannot afford to cover for your basic expenses during the period, then it’ll become very hard to save no matter how you try to. Saving is really a good thing and even with the lowest amount you can afford, if you can save some of your earnings for emergency or future purposes, it is the best for you. Unforeseen circumstances do arise and funds like this can intercede for you and make cover up some expenses. No matter the condition, saving is important but if you can’t afford to, you can reduce your expenses or better still if they’re basic amenities that can’t be adjusted, seek for other means to earn so that you can get to save.

[Joy- maker]

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?

People complain because they don't even earn enough to cover their basic needs. They can't pay their bills without difficulties so it's close to impossible to save even a small amount. Some.even have to borrow to survive.

But your observations are not wrong. Some poor people money on irrelevant things. Meanwhile, these funds can be saved for future purposes. An individual who is struggling financially shouldn't be spending money on pleasure when he has no savings. Money spent on cigarettes, junks, and alcohol could be good savings.

you have just said it all @Die_empty, saving money is very difficult now, because this time around people are not longer earning some thing tangible as salary that can cover their basic needs and expenses for the week or the month depending on the county they are working and the type of job they  do there. Majority of people who are only receiving just salaries always ran into depths just to survive the remaining days of the week or the remaining days of month before they can get paid, which is making it difficult for them to save.

And there is no doubt that a lot of people out there spend money on things that's not really necessary which is not making sense to me, because as someone who have financial planning I think you won't be spending money on things that is not  irrelevant, just because you want to show off, why you don't even have much, those funds you spending on irrelevant stuffs can be save and before you know it you will realise something reasonable from the little amount of money you been saving.

[AGogi2003]

To my knowledge those who don't have enough income to meet their basic needs are the ones who complain about creating savings and find it difficult. Moreover it's correct that the high cost of living and unexpected expenses, as well as the urge to meet the needs of a family, can be a major obstacle to saving for many. But perhaps you need to know how to overcome these obstacles because if you spend it properly and keep track of it, even it is  possible to overcome this obstacle by depositing small amounts of money instead of depositing a large amount. Even I think that the economic situation may play a good role in saving because it is often seen that this task can be more challenging when inflation increases and the prices of daily goods increase.

Is really hard for some people to save because there problems is bigger then there earning so they will always find it difficult to save for emergency. Saving is a good thing because anytime you have problems your Saving will help you out quickly to resolve the problem you are into. but if you find it difficult to save even you probably have issues you will end up on debt because your salary is not enough to solve you problems. That is why if you have Saving everything will be going find more than person that don't have enough to resolve is problems. If you can invest you can probably save for your investment profit but if you don't have money anything will be going hard for you and not to finish what you started. Saving, investment are the best thing person can be doing and is life will go well without difficulty.

[Davidvictorson]

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?

Saving is actually hard especially if you are a low income earner or just earning around the minimum wage without any prospects. To add to this the economy makes it even harder. It is not the wrong mindset towards saving, it is the stagnacy of income and other economic factors of prosperity that hits hard on us. There is no longer middle class anymore because that line has been erased by very harsh economic policies that has brought about inflation and the recession that has no end in sight.

[Man of peace]

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?
[/quote]

 Thank you so much for your beautiful question, let me tell you why some people find it so difficult to save.
I start by letting you know that it's very very possible for one to find it difficult to save or for one to say I can't save, because peoples with their different ways in which they earned their income, some people are earning through their business,some are through their hand work and some people has no business or hand work, and people without a business or hand work will find it so difficult to save, because he or she has no source of income, there are people whose their income cannot even buy him or herself three square meals let alone  savings some of it.so some People's inability to save is not actually their fault rather it's lack of sufficient funds or income...

[harapan]

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?

Saving sole amount is not a difficult task but it tends to be so if the individual is not discipline enough to create such plans in achieving that. Another thing is some people spend above their salary range like they ain't that discipline when it comes to spending. There are different ways one can achieve a successful savings plans and it start by creating a budget and allocate a certain amount each week or month and hopefully you'll accumulate something tangible.

[Rockstarguy]

Saving is actually hard especially if you are a low income earner or just earning around the minimum wage without any prospects. To add to this the economy makes it even harder. It is not the wrong mindset towards saving, it is the stagnacy of income and other economic factors of prosperity that hits hard on us. There is no longer middle class anymore because that line has been erased by very harsh economic policies that has brought about inflation and the recession that has no end in sight.

You are correct because sometimes discipline is not just enough when it comes to savings, if the income is not enough their is nothing you can do about saving. The only way savings can be achieved is if the income is high or their are other means of income , then it becomes possible to make savings. In this harsh economy sometimes it is even so difficult to give account of how money was spent just because of inflation, when the income is high you dont need to struggle to save money. Instead to continue with struggling to save with low income, it is just better of looking for a way to create other means of income.

[Agbe]

Saving is one thing that, is good and commendable but what should be encouraged and emphasized over saving is investment. Saving means that your money is just wasting on the saving box or in the bank account, which the bank is making profits from so in as much as saving is good investment should be prioritized over saving.

[uneng]

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?

For most people, saving involves sacrifices, giving up on certain things in order to save money in the end of the month. And that is something they aren't willing to do, rather they prefer to blame someone else for being unable to save and thrive.

Of course it can be someone else's fault as well, at least partially, but that is how reality presents itself in front of us, so it's up to us to find a way out this unfair situation. Then you have to give up on pleasant activities, tasty and even healthy food, several meals a day and brand new clothes and accessories to be able to fulfill your financial goals.

And even by doing so, there aren't any guarantees of success after all. It means it's a risky bet not everyone is going for.

Therefore, the mediocrity of a miserable life where ephemeral pleasures are pursued in a daily basis seems more comfortable. It has an anaesthetic effect to the frustrations accumulated along the years.

[2Pizza410000BTC]

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?

To save, we have to be diligent and stop ourselves from spending too much, like there are many people who spend too much and it would be better if we didn't spend at all. There are many people who smoke over a pack a day. If these people stop smoking and invest one to two dollars a day, they will be able to invest 7 to 14 dollars a week. There are many people who spend too much. If they are aware, they can save and move forward. We just have to be aware to save. If we can maintain our highest awareness, then we will definitely be able to move forward through good savings and improve our lives.

[GiftedMAN]

Saving is one thing that, is good and commendable but what should be encouraged and emphasized over saving is investment. Saving means that your money is just wasting on the saving box or in the bank account, which the bank is making profits from so in as much as saving is good investment should be prioritized over saving.

Saving comes before thinking investments that's one thing you should know and you can't succeed in investing in anything without putting the money down that's what savings does it allows you to gradually accumulate your money while you have planned for what it is going to b used for and when you have gathered enough to start up something instead of keeping it while it's not adding profits to you the next plans should be investing in a profitable business or buying a good asset.

[G_Besar]

~~~

Saving sole amount is not a difficult task but it tends to be so if the individual is not discipline enough to create such plans in achieving that. Another thing is some people spend above their salary range like they ain't that discipline when it comes to spending. There are different ways one can achieve a successful savings plans and it start by creating a budget and allocate a certain amount each week or month and hopefully you'll accumulate something tangible.

For those with a regular monthly income, it's crucial to allocate their salary to several things, including savings for specific purposes. Because if those with a regular salary still don't realize how to allocate their money to several things, including savings for their own use in their retirement, they may never enjoy a more comfortable retirement. And difficulties will always arise if someone is not disciplined in using their money while still receiving a regular salary. So what you're saying is a real experience that everyone can experience if they lack discipline in managing their spending once they have their paycheck in hand.

[Berry2d]

Saving is one thing that, is good and commendable but what should be encouraged and emphasized over saving is investment. Saving means that your money is just wasting on the saving box or in the bank account, which the bank is making profits from so in as much as saving is good investment should be prioritized over saving.

Yes am of the opinion that quality investment is better than saving, not that am discouraging the idea of saving but what we should be looking at now is financial multiplication instead of stagnancy. Saving a million for years will never  yield any significant increase instead it can be used when challenging situations comes which we all know is constant in life but if the same amount is invested, before the end of the year under good conditions of service it will be doubled which may at last help in gaining financial freedom.

[Shafique Baba]

People are saving even in the presence of inflation. How are they doing it? Are they stupid? No, they have the discretionary money to save or they have money left over after meeting their daily needs.

But what about those who struggle to meet their daily needs? Is saving easy for them? Or should it be easy? Would you still say that people complain unnecessarily about saving?

In my opinions while finding the ways to earn money is important, thinking about how to save money is equally essential. Saving does not mean setting aside  huge amount. It's a habit of keeping consistently a small amount a side. By doing multiple job everyone can save a little amount . It is very difficult to save money with one source of income. Without saving it is  hard to achieve your dream or handle the emergency.
I understand that many middle class families struggle with the idea of saving. But I believe they should look the ways to save their miney or meet their expenses. There is no space for blame, in the era of inflation each member of the family  need to contribute financially.

[imamusma]

People are saving even in the presence of inflation. How are they doing it? Are they stupid? No, they have the discretionary money to save or they have money left over after meeting their daily needs.

But what about those who struggle to meet their daily needs? Is saving easy for them? Or should it be easy? Would you still say that people complain unnecessarily about saving?

In my opinions while finding the ways to earn money is important, thinking about how to save money is equally essential. Saving does not mean setting aside  huge amount. It's a habit of keeping consistently a small amount a side. By doing multiple job everyone can save a little amount . It is very difficult to save money with one source of income. Without saving it is  hard to achieve your dream or handle the emergency.
I understand that many middle class families struggle with the idea of saving. But I believe they should look the ways to save their miney or meet their expenses. There is no space for blame, in the era of inflation each member of the family  need to contribute financially.

The key lies in financial management, but we acknowledge that saving money without a steady income is very difficult in this day and age. A steady income is sometimes only enough to cover monthly expenses, so it's understandable why some people don't have savings or any investment assets.
Making an effort to find additional sources of income is the best solution so that we can have savings, which can serve as an emergency fund or be invested. Although this approach may not lead us to complete financial freedom, I think it can at least allow us to live comfortably and be well provided for in the future.

[Fredomago]

Saving is one thing that, is good and commendable but what should be encouraged and emphasized over saving is investment. Saving means that your money is just wasting on the saving box or in the bank account, which the bank is making profits from so in as much as saving is good investment should be prioritized over saving.

Yes am of the opinion that quality investment is better than saving, not that am discouraging the idea of saving but what we should be looking at now is financial multiplication instead of stagnancy. Saving a million for years will never  yield any significant increase instead it can be used when challenging situations comes which we all know is constant in life but if the same amount is invested, before the end of the year under good conditions of service it will be doubled which may at last help in gaining financial freedom.

Better to think about it while having spare money, if you can save and then invest that's going to work better just like what you have said keeping the money stagnant will not move anything unlike if you invest or if you open a business where money will possibly works for you, it can be double or more if in case you manage to established business or investment that become successful. It's about choosing the right path and studying potentials.

[beveryu778]

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?

You should always remember that an ocean is created from a drop of water, and by gradually saving some money regularly according to your ability, you will automatically save a large amount after a long time. And for this, you must have a strong mindset to save. And you must give up some of your bad habits. You must give up the habit of borrowing. You must learn money management and spend wisely. You must be a bit stingy. Then it is possible to save successfully.

[White pawn]

It's very necessary to save money even in the olden days money is been saved.
But how can one be able to save money successfully.

Now to be able to save money successfully  we need to indulge in the following

1.set a financial goal for your self
2.create a pattern or strategy how money will be spent
3.There is need to adjust expenses
4.make a plan before spending money
5.build a financial standard
6.Regularly check the flow of saving
7 .There should be need consistency
8.one need to start small and grow

[AmaGold70]

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?

People complain about saving money because of the responsibility around them and it would be difficult to save if they are earning little salary and at this point it is only easy to save if you are putting the money in a place that is very difficult for you to take it easily, I encourage everyone to save for rainy days because we never know what will come up and at the same time I don't blame anyone that isn't able to save money because it is not easy. Saving also takes discipline and management for you to pull it off, I started saving money recently and it has been a rollercoaster ride because I have cut down my expenses and living off the little I have kept aside for my daily expenses and it's way very little than usual, I guess it's important for everyone to learn how to save.

[Powerjumboo]

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?

In fact, people have the wrong mindset towards saving their money, due to which people are behind in saving. If people want, then people can achieve a lot through small savings. We never think about our future, we are staying away from saving because we do not think about our future. But if we move forward by saving small amounts, then in the future this savings will become our most valuable asset. If we can save a small amount of money from our own daily expenses and invest it in coins like Bitcoin or in good places, then in that case, that savings will bring us a lot of success in our future, but we never imagine it, without imagining it, we are moving as we want. Let us all establish ourselves first and from what we earn, we must save some amount so that that savings plays an important role in us someday.