How to save successfully?

[Xcode7]

While it's easy for single men to save, it's extremely difficult for those with families. They need to keep their wives in check, and women always try to spend every penny they've just earned.
This is extremely difficult, because such a man bears the responsibility of both earning and saving. And if someone is starting a family, they must be prepared for it. In reality, few are, and that's why divorce statistics are so dismal.

That's right a single man will have every opportunity to save money than a married man on a normal day but sometimes it still varies between individuals depending on the kind of lifestyle they live.
Having a wife comes with more responsibilities alone that prevents a man from living how he wants when he doesn't earn as much and so saving will definitely be difficult for him but a bachelor has no responsibility and can easily save up if he wishes to.

It’s not about having a wife but having a family. If you have kids that’s when the real problems start. If you have a wife but she also works, you will even have double income in your household and it’s a lot easier. But once you have kids, you won’t have that much money anymore especially if both you and your wife do not earn much anyway.

However, that shouldn't be an excuse for not saving. Having a wife and children is a choice, so don't let it prevent you from continuing to save or invest.
In fact, I think it can be a guideline for us to work harder and earn more money to continue meeting all the needs of our family, household, and children, while also setting aside some for future savings.

[leonair]

While it's easy for single men to save, it's extremely difficult for those with families. They need to keep their wives in check, and women always try to spend every penny they've just earned.
This is extremely difficult, because such a man bears the responsibility of both earning and saving. And if someone is starting a family, they must be prepared for it. In reality, few are, and that's why divorce statistics are so dismal.

That's right a single man will have every opportunity to save money than a married man on a normal day but sometimes it still varies between individuals depending on the kind of lifestyle they live.
Having a wife comes with more responsibilities alone that prevents a man from living how he wants when he doesn't earn as much and so saving will definitely be difficult for him but a bachelor has no responsibility and can easily save up if he wishes to.

It’s not about having a wife but having a family. If you have kids that’s when the real problems start. If you have a wife but she also works, you will even have double income in your household and it’s a lot easier. But once you have kids, you won’t have that much money anymore especially if both you and your wife do not earn much anyway.

However, that shouldn't be an excuse for not saving. Having a wife and children is a choice, so don't let it prevent you from continuing to save or invest.
In fact, I think it can be a guideline for us to work harder and earn more money to continue meeting all the needs of our family, household, and children, while also setting aside some for future savings.

It is true that when you have a responsibility, you will definitely not hesitate to work hard. Because you will have responsibilities for your family and for the future of your child, you will need savings, which you will keep in your mind and try to implement. But when you are a single person, you will not have a big responsibility, due to which you will not want to work hard. This is our mentality and psychological matter.

So to keep yourself within a guideline and save successfully, it is very important to first form a family, which will put you under a responsibility.

[Abdulzuruku01]

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?

Totally agree with you, savings only required consistent either it be little or big the only people that are complaining of savings are those that are used to spending lavishly or unnecessary but once you are someone with planing and aiming for something big you will learn how to save. But it will also be hard for someone that comes from wealthy families that savings will be hard for, like someone that has parents that is giving them daily tokens, no matter how you advise them to save they will not be able to save due to what they are brought up, to save is not hard rather than to reduce some expensive, like purchase things that are not necessary.

[bubilas]

Saving money is extremely challenging in an economy where salaries are insufficient to cover basic needs. While cutting costs and opting for more affordable alternatives can provide some relief, this approach is not sustainable in the long term. I agree that saving requires a certain mindset, but the harsh reality is that it's difficult to save money that you don't have.

Yes, but saving also means not spending less money, but trying to take care of what we have. For example, yesterday my back pillow broke, the one I use to support my back while sitting in my kitchen chair. I wasn't upset; I immediately mended it, although a girl I know throws things out right away when that happens. The same goes for clothes. It's wrong. We shouldn't consume uncontrollably, even the rich. We should take care of things and be content with little.

[Inwestour]

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 your post, I saw one, and perhaps the most important, mistake that prevents people from saving: You say you should save when you have something left over from your salary, but the problem is that people rarely have anything left over. This means you should save not at the end of the month, but at the beginning, as soon as you receive your salary. First, you should pay yourself, you put aside 10% of your salary and learn to live on what's left. Then strive to grow your salary, and that way over time, you'll save more and more.

[imamusma]

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 your post, I saw one, and perhaps the most important, mistake that prevents people from saving: You say you should save when you have something left over from your salary, but the problem is that people rarely have anything left over. This means you should save not at the end of the month, but at the beginning, as soon as you receive your salary. First, you should pay yourself, you put aside 10% of your salary and learn to live on what's left. Then strive to grow your salary, and that way over time, you'll save more and more.

The formula for successful saving begins with a strong intention and proven consistency. The method is very simple, save on expenses. If your income increases, then using the same formula, you can save a larger amount. A simple tip is to prioritize needs over wants, even though sometimes unexpected expenses require us to spend more than planned.
Once you've saved a certain amount, try diverting some of those savings to buy safe assets, such as gold, to protect the value of your money in the long term. If you want to live for free, try learning about investing.

[Arenga pinnata]

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?

Most people struggle to save because they haven't yet implemented proper financial management. Or, sometimes, many simply haven't been able to effectively and discipline themselves in managing their expenses. Many even live a luxurious lifestyle despite earning a modest salary. So, ultimately, it's because they have no intention of saving at all. As you said, those who have the intention to save are able to do so, even if only in small amounts. Sometimes saving is necessary to accumulate a certain amount of money for later investment when the funds are slightly larger. However, if someone is able to invest the remaining money, that's a better option.

[mvdheuvel1983]

Saving money is extremely challenging in an economy where salaries are insufficient to cover basic needs. While cutting costs and opting for more affordable alternatives can provide some relief, this approach is not sustainable in the long term. I agree that saving requires a certain mindset, but the harsh reality is that it's difficult to save money that you don't have.

Yes, but saving also means not spending less money, but trying to take care of what we have. For example, yesterday my back pillow broke, the one I use to support my back while sitting in my kitchen chair. I wasn't upset; I immediately mended it, although a girl I know throws things out right away when that happens. The same goes for clothes. It's wrong. We shouldn't consume uncontrollably, even the rich. We should take care of things and be content with little.

In this context savings means taking care of what you have from what you get but not spending everything you have on the needs that will always arise, you can have different things to spend on but if you want to save you should not do everything you have to do some and avoid doing others if they are not really important at that moment. In your situation it is not wrong to amend what you have when it gets bad if you can fix it and continue using it you shouldn't spend money going to get another one the girl probably doesn't have much responsibility that's why she doesn't manage things when it gets bad don't be like her.

[Dreadboost]

The first thing you need before you can successfully save is to have a steady income. Once you have a steady income, you should have a budget and make sure you keep some of your income aside for your savings, no matter how little the amount. If you are saving for an investment or a project, you should be consistent with it and you should also try not to live above your income, because this can destroy every chance you have got to save.
Savings also needs a lot of discipline and patience. If you are not discipline you might end up not being able to save and patience is important for you to know that you will definitely get to your target no matter how little the amount you save.

[bubilas]

The first thing you need before you can successfully save is to have a steady income. Once you have a steady income, you should have a budget and make sure you keep some of your income aside for your savings, no matter how little the amount. If you are saving for an investment or a project, you should be consistent with it and you should also try not to live above your income, because this can destroy every chance you have got to save.
Savings also needs a lot of discipline and patience. If you are not discipline you might end up not being able to save and patience is important for you to know that you will definitely get to your target no matter how little the amount you save.

You're absolutely right, and the main mistake people make when trying to save for investments is that they don't have a good grasp of their budget. Even when they try to save, they don't plan for scenarios like a car breakdown or a toothache.
This would lead to many unforeseen expenses. This could ruin the investment, as it would force them to withdraw their cryptocurrency back into fiat, which would completely ruin the investment.

[Cityhunter34]

Saving money is absolutely an individual decision because is something that you can never decide for others, it is your own responsibility to plan for your future purposes.

 However, savings is the most important in life no matter how small your salary might be you should always try as much as possible to save because it is your savings that would definitely help you when you don't have something doing.

[summonerrk]

Saving money is absolutely an individual decision because is something that you can never decide for others, it is your own responsibility to plan for your future purposes.

 However, savings is the most important in life no matter how small your salary might be you should always try as much as possible to save because it is your savings that would definitely help you when you don't have something doing.

Absolutely right, and for one person, saving means not buying a second coffee a day at a $5 coffee shop. For another, saving means walking a huge distance to save a $0.10 bus fare. The rich have their own way of saving—they might even call it not buying the new iPhone. While poor people don't buy them at all because they cost thousands of dollars.
Personally, I believe that savings should be reasonable, and allow you to sometimes spend more here and now, but then save on a larger scale.

[Fortify]

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?

There comes a point in life where you hit a realization - I now have excess money from my salary, all bills are paid and I don't have any debt, so maybe I should start putting some of the excess cash away from my salary to start thinking about the future. Some people get that early on, maybe at 18 years old, while others hit 35 and barely wake up to the comfort that saving can give you. While you never want to spend it while you're watching it grow, it does give you a different kind of reassurance that maybe you could weather a job change or if times got really rough for a few months, so you begin to have a different outlook on life. It is very freeing to reach the point where you can start to save, so look forward to it and hopefully you reach that point.

[osasshem]

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?

Saving has a great deal for securing a better plan for the future. What you save now is not for immediate use but for the future. No one can tell when the future will be, but having some discipline to a set goal, then will one see the reason for saving. Those who say saving is difficult are those who live a luxury life, having nothing to care for, and having enough to spend or feel they don't have enough, and as such, no need to save.

“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffett

They miss this part. Saving is having a plan to fall back to when there is nothing to help.

A question that comes along this is;
Who can/should save? I will say anyone who is receiving an income, either daily, weekly or monthly. From every $10 income, $1 should be kept away, and if this should continue, then will the power of saving be made clear.

[Abiky]

There comes a point in life where you hit a realization - I now have excess money from my salary, all bills are paid and I don't have any debt, so maybe I should start putting some of the excess cash away from my salary to start thinking about the future. Some people get that early on, maybe at 18 years old, while others hit 35 and barely wake up to the comfort that saving can give you. While you never want to spend it while you're watching it grow, it does give you a different kind of reassurance that maybe you could weather a job change or if times got really rough for a few months, so you begin to have a different outlook on life. It is very freeing to reach the point where you can start to save, so look forward to it and hopefully you reach that point.

Anyone can start saving money. But not everyone can make the most out of their savings. If you don't have the "right strategy", you will ultimately fail. Especially when inflation continues to rise at a non-stop rate. The higher the inflation, the less purchasing power your savings will have. That's why many recommend putting your savings into assets or CDs with high returns. Only then, you'll be able to offset the negative effects of inflation.

You can have one job and still be successful. With patience and dedication, anything's possible. Let's hope people achieve true financial freedom, regardless of how "bad" the economy is. Just my two sats.

[Bobrox]

Anyone can start saving money. But not everyone can make the most out of their savings. If you don't have the "right strategy", you will ultimately fail. Especially when inflation continues to rise at a non-stop rate. The higher the inflation, the less purchasing power your savings will have. That's why many recommend putting your savings into assets or CDs with high returns. Only then, you'll be able to offset the negative effects of inflation.

You can have one job and still be successful. With patience and dedication, anything's possible. Let's hope people achieve true financial freedom, regardless of how "bad" the economy is. Just my two sats.

Nice advice exactly for every one still working hard and must be smart with strategy for saving money, I think brilliant ideas with saving into assets high return with passive return such as saving in the bank without get nothing except have to pay monthly administration fees. I think many people have understand well about inflation values of their saving just put in the bank or save cash money at our home, just need to know how effective way of saving can give high return with less risk of saving fund.
Still small people giving advice about what have to do saving money can give high return or avoid from inflation values by saving only, maybe any recommended ideas or way how to make saving more profitable by earning return without become passive saving only without earn high return? Like put saving assets for investing in bitcoin or saving with stock have lower risk but promising with high return exactly for every one with long term saving money.

[Gamanka@@]

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?

Saving successfully is a mindset like seriously the hardship now has make the saving inevitable but just as i said one has to be determined towards everything what  you're doing in life you have to be determine if not factual saying you end up with nothing so for that is needful id just to be determined so to achieve.

So saving necessary needs requirements of determination mindset to be achieved if not vital speaking if one looks at the economy erra we are now seriously we will not be able to save consistently but sincerely saving help alot for future use and arises of family issues and more.

[summonerrk]

Saving money is absolutely an individual decision because is something that you can never decide for others, it is your own responsibility to plan for your future purposes.

 However, savings is the most important in life no matter how small your salary might be you should always try as much as possible to save because it is your savings that would definitely help you when you don't have something doing.

This is absolutely sound advice, but most people don't think about tomorrow at all. Not only do they fail to save money, but they accumulate debt, expecting their lives to continue undisturbed. But the world is currently full of crises, and any sector of the economy—trade, manufacturing, marketing, retail, and others—could experience problems that lead to layoffs. No one is immune, so it's essential to save money regularly.

[bubilas]

Absolutely right, and for one person, saving means not buying a second coffee a day at a $5 coffee shop. For another, saving means walking a huge distance to save a $0.10 bus fare. The rich have their own way of saving—they might even call it not buying the new iPhone. While poor people don't buy them at all because they cost thousands of dollars.
Personally, I believe that savings should be reasonable, and allow you to sometimes spend more here and now, but then save on a larger scale.

It's relative, because for one person it might be a completely insignificant purchase, while for another, $5 a day is $150 a month, which is a good salary in many countries. But in major capitals, a $10 lunch would be considered boring. It all depends on where we are, but in any case, you shouldn't waste money on foolish purchases, and you should also know how to take good care of your things.

[Roseline492]

In your post, I saw one, and perhaps the most important, mistake that prevents people from saving: You say you should save when you have something left over from your salary, but the problem is that people rarely have anything left over. This means you should save not at the end of the month, but at the beginning, as soon as you receive your salary. First, you should pay yourself, you put aside 10% of your salary and learn to live on what's left. Then strive to grow your salary, and that way over time, you'll save more and more.

You made a perfect sense on this and it was because of not being enough people usually postponed what they planned for because they always think about starting when they have gotten all necessities, so in contribution to all your explanation, the lack of leftovers some always don't have is because of how they are moving within circle of uncalculated consumption of their money, they always use all the money that should have kept saved into wastage and looking forward to rebuild from the next salary, so since recklessness has become a habit they still cannot get any savings from there so it becomes a salary that seems small that savings cannot derive from so actually the lack leftover to save could be as a result of the person and not the quantity of the money.