How to save successfully?

[Republikcoin.com]

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.

When someone has a wife and children in their household, their spending levels will be much higher, especially when the children are school-age. This can indeed motivate a husband to continue working harder to earn more money, but saving consistently will likely be quite difficult if his own income is still stagnant. However, for those who are able to adjust their budgets to save consistently without reducing their own family's allowance, they are truly remarkable people, in my opinion, because they are able to improve their family and themselves.

[Fredomago]

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.

Indeed, you should take care of your money and not to overspend valuing what you've got and keep things that you need and not those that you just wants are factor that may lead you to successfully save your money, though like you said it's different from each individual's places but as long as you know how to keep your limit and manage your expenses correctly, it won't be hard to save it's just a matter of correct practices and healthy habits.

[jems]

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.

When someone has a wife and children in their household, their spending levels will be much higher, especially when the children are school-age. This can indeed motivate a husband to continue working harder to earn more money, but saving consistently will likely be quite difficult if his own income is still stagnant. However, for those who are able to adjust their budgets to save consistently without reducing their own family's allowance, they are truly remarkable people, in my opinion, because they are able to improve their family and themselves.

This must be done no matter what. The more needs we have, the harder we are required to work to save. There's no excuse, even having a family and children is a powerful motivation. Saving and investing are the right steps for the future. Therefore, if we love ourselves and our families, we must have savings and investments.
If spending more money due to having a wife and children should motivate someone to work harder, which is why there's a saying that having children means earning a higher income, which is inseparable from working harder, dedicated to our loved ones.

[Nuel0717]

Now my question is, why do a lot of people complain that saving is too hard for them?

I think the reason why people are not able to save because economy always forces them to spend money. Nonstop economy produces new goods and services, advertise them making them necessary to purchase. Ask any person what would he buy if he has unlimited amount of money and give a minute to think, he will come up with A4 list fully filled with what he wants. Some people are impatient, some understand that they have only one life and it is short, and they start spending. Why save and wait, when I want for example new iPhone 17 today, but not in two years.

The economy really hinder's so many people from saving, I'll agree with you on that. but saving is actually all about decipline and passion. If a person has something valuable they're chasing or a goal they really care about trust me they'll save with passion, unless that thing isn't that important to them.
No matter how tough the economy gets people who save successfully do so because they've built decipline. To save successfully, one has to understand the difference between wants and needs. Sometimes people spend on things that they desire, not on things dey actually need.
Also, creating a budget and sticking to it really matter and helps A lot. It may sound easy but it's not, and this is where decipline comes in.
My point is that saving goes far beyond what the economy throws at us. it's about self control, mindset, planning, decipline. If a person can understand all these attributes, then saving shouldn't be such a big deal or something very hard.

[Ashim costa]

Do we think saving is very difficult? though there is a family tension here. Only if you can save bravely can you be successful in the future. For this, you have to create a budget. You have to start saving 10 to 20% of your income initially. And you have to start reducing unnecessary expenses. You will see that you will gradually become successful.

[eightdots]

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.

When someone has a wife and children in their household, their spending levels will be much higher, especially when the children are school-age. This can indeed motivate a husband to continue working harder to earn more money, but saving consistently will likely be quite difficult if his own income is still stagnant. However, for those who are able to adjust their budgets to save consistently without reducing their own family's allowance, they are truly remarkable people, in my opinion, because they are able to improve their family and themselves.

Saving money after having a child isn't easy. To save, you need to find additional income sources or increase your salary. If these aren't available, saving can be quite challenging for families with children. The important thing is to meet your family's needs and save any remaining money.

Learning about ways to earn extra income and improving yourself are investments you can make in yourself. While it may take some time, it ultimately makes it much easier to achieve your goals.

[ovcijisir]

In order to save successfully one must spend less than they are earning. So basically if you want to save more you either have to cut spending or increase income. Without background information it is very hard to give concrete advice as both spendings and income are very tied to skills and affinities of each person individually.

[EarnOnVictor]

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.

When someone has a wife and children in their household, their spending levels will be much higher, especially when the children are school-age. This can indeed motivate a husband to continue working harder to earn more money, but saving consistently will likely be quite difficult if his own income is still stagnant. However, for those who are able to adjust their budgets to save consistently without reducing their own family's allowance, they are truly remarkable people, in my opinion, because they are able to improve their family and themselves.

This must be done no matter what. The more needs we have, the harder we are required to work to save. There's no excuse, even having a family and children is a powerful motivation. Saving and investing are the right steps for the future. Therefore, if we love ourselves and our families, we must have savings and investments.
If spending more money due to having a wife and children should motivate someone to work harder, which is why there's a saying that having children means earning a higher income, which is inseparable from working harder, dedicated to our loved ones.

You've expressed this as a right thinking person would have said it, but in all, one should be ready to free themselves from lack of money before anything is meaningful when it comes to the provision, saving, and perhaps, investing. The truth is that many are willing, but the harder they try, the more the financial door seems closed against them. If this is the case, how would feeding be easy, let alone saving and investing?

Like a wise man once said, many people who are willing but struggling to save today do not have the bad habits of saving in most cases, but they have income problem. If this is the case, I think that income is what people should focus on and first fix before any financial plans can be possible.

[Alone055]

Do we think saving is very difficult? though there is a family tension here. Only if you can save bravely can you be successful in the future. For this, you have to create a budget. You have to start saving 10 to 20% of your income initially. And you have to start reducing unnecessary expenses. You will see that you will gradually become successful.

It's easier said than done. 10 to 20% of a person's income is not a small amount, and not every person can manage to save up to 20% of their income every month; most won't even be able to save 5%, which would still be enough because something is better than nothing. Saving can only be possible if a person is making more money than they need for their monthly expenses, apart from unnecessary expenditures. So it's not like every other person spends a good amount of money on useless stuff every month, but it's just that they don't earn enough to have anything left by the end of the month.

In most countries nowadays, inflation will eat most of your income because you might plan things differently, but since there is no stability in the prices of goods and services, you won't be able to cope with everything. You create your budget based on the current prices, but then you see after a week that the prices have increased due to inflation, and then your budget won't work in the way you expected it to.

So, budgeting could be good, but only in countries where inflation rate is not very high or constantly rising.

[As-Soon-As]

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 are some people who do not like saving, they only spend what they earn and do not save any money for the future. All these people are definitely wrong and they will regret it later when inflation happens, if a person saves a little money from his salary for his future savings then he will definitely be able to save more money in the future. Just think about it and if someone deposits a little money in Bitcoin normally every month then his portfolio will definitely be much bigger after a decade.

[batang_bitcoin]

In order to save successfully one must spend less than they are earning. So basically if you want to save more you either have to cut spending or increase income. Without background information it is very hard to give concrete advice as both spendings and income are very tied to skills and affinities of each person individually.

There is no other options but the two that you've mentioned, to earn more or cut the unusual spending. Because people think that they can always save money at all times but with the salaries that we have, the increase of the cost of goods is also there. And what we have to do in order for us to save is to have an additional income. Because bills are also rising, inflation makes things going up and for that reason if one doesn't have any plan of increasing their income or having an additional source, they'd feel how terrible inflation is.

[ovcijisir]

In order to save successfully one must spend less than they are earning. So basically if you want to save more you either have to cut spending or increase income. Without background information it is very hard to give concrete advice as both spendings and income are very tied to skills and affinities of each person individually.

There is no other options but the two that you've mentioned, to earn more or cut the unusual spending. Because people think that they can always save money at all times but with the salaries that we have, the increase of the cost of goods is also there. And what we have to do in order for us to save is to have an additional income. Because bills are also rising, inflation makes things going up and for that reason if one doesn't have any plan of increasing their income or having an additional source, they'd feel how terrible inflation is.

Unfortunately you are absolutely correct. With inflation there is also fact that the more one is saved, the more value he will lose (I'm assuming that person saves in fiat). That leads us to ask ourselves "What to do with our savings, as fiat loses value?". This is pretty tough question to ask and requires a lot of thinking and experience.

[batang_bitcoin]

In order to save successfully one must spend less than they are earning. So basically if you want to save more you either have to cut spending or increase income. Without background information it is very hard to give concrete advice as both spendings and income are very tied to skills and affinities of each person individually.

There is no other options but the two that you've mentioned, to earn more or cut the unusual spending. Because people think that they can always save money at all times but with the salaries that we have, the increase of the cost of goods is also there. And what we have to do in order for us to save is to have an additional income. Because bills are also rising, inflation makes things going up and for that reason if one doesn't have any plan of increasing their income or having an additional source, they'd feel how terrible inflation is.

Unfortunately you are absolutely correct. With inflation there is also fact that the more one is saved, the more value he will lose (I'm assuming that person saves in fiat). That leads us to ask ourselves "What to do with our savings, as fiat loses value?". This is pretty tough question to ask and requires a lot of thinking and experience.

Savings in fiat is okay but it should be for certain purposes and things only. Because if someone is keeping their wealth in savings, the value will decrease due to the inflation. And I think that even we're not economists, we are aware of that and it's been taught nowadays by the financial gurus or just some random guy that discusses about the finances or are content creators that has that niche and content.

[Trust_Paid]

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?

If we can save some amount of money for the future along with our necessary needs. Then a small amount of money will become very big in our future. Nowadays, everyone can save and keep it along with their needs. Because currently a worker earns 5-10 dollars. And if he can save 50 dollars in 7 days or 30 days for the future along with meeting the needs of his family. Then he will have a valuable asset in his future along with meeting the needs of his children. Therefore, everyone should save at least some amount of money for the future, no matter how much trouble he is in. Because this time will not come back. Even if he wants to, he will not be able to work as hard as he earns now. Therefore, the savings now will be the most valuable asset in the future.

[woez]

This must be done no matter what. The more needs we have, the harder we are required to work to save. There's no excuse, even having a family and children is a powerful motivation. Saving and investing are the right steps for the future. Therefore, if we love ourselves and our families, we must have savings and investments.
If spending more money due to having a wife and children should motivate someone to work harder, which is why there's a saying that having children means earning a higher income, which is inseparable from working harder, dedicated to our loved ones.

Make friends with older people who already know what needs to be prepared for the future.

And a wide opportunity opens up for those who are single, married, or newly married without children. Why is that? They still have a relatively long time to address all the items you mentioned above.

When someone is married, there are so many things to consider, and sometimes, let alone saving to cover monthly expenses, they still resort to debt mode and pay at the beginning of the month. The cycle will always be like that, whether you're an employee or not, let alone those who work part-time or freelance.

Most of us have experienced wealth and a lot of money in our youth. I'm sure that moment happens once in a lifetime, but we're still caught up in the phrase "enjoy the moment" without considering investing it in other assets, whether gold, crypto, or buying property like land, or building a building that we can use for business (a shop or rental housing).

[LDL]

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 not an accusation, it is a reality that anyone facing a situation will admit. There is inflation and the prices of goods are constantly increasing, but you have not received much salary increase in your job. In my case, if I say my family size has increased but my salary has not, then I am having to spend more but not earning more. The amount I was able to earn, that is, save, at the end of the month last year, is no longer the same amount I was able to save at the end of the month. Rather, I have no opportunity to save now due to additional expenses. If you have extra income and extra expenses, you can balance the two and save some money at the end of the month. But if you don't have the opportunity, I myself am in a situation where it is not possible to save even after trying a hundred times.

[junder]

Do we think saving is very difficult? though there is a family tension here. Only if you can save bravely can you be successful in the future. For this, you have to create a budget. You have to start saving 10 to 20% of your income initially. And you have to start reducing unnecessary expenses. You will see that you will gradually become successful.

Saving is actually not difficult if we are disciplined, especially in managing money. Saving is something that parents most likely teach their children from a young age. However, saving will be difficult when we are adults because when we are adults we will experience and feel how difficult it is to earn money. In fact, some people have difficulty saving. In my opinion, the problem is because their income is just enough to survive, so their income is only enough to survive and there is no extra fund that can be set aside for savings.
You are right, we must reduce expenses and increase income. Although this is difficult, I am sure it can be done, because I have experienced it myself.

[atookz]

Inflation makes it difficult for people to save, especially those with average incomes. Forget about saving, even buying high-end necessities doesn't leave any money left over. This is probably why many people complain about the difficulty of saving. But that doesn't mean people can save if inflation doesn't exist. Even with inflation, people can still save, even if only in small amounts. Sometimes people struggle to save because they can't control their finances, live a high lifestyle, or perhaps because they have debt, preventing them from having any money left over. And in my opinion, saving doesn't mean leaving money in an account, as it will inevitably be eaten away by inflation. It's better to save for investment, where its value can at least be secured or even increase.

[Rampagoe004]

Inflation makes it difficult for people to save, especially those with average incomes. Forget about saving, even buying high-end necessities doesn't leave any money left over. This is probably why many people complain about the difficulty of saving. But that doesn't mean people can save if inflation doesn't exist. Even with inflation, people can still save, even if only in small amounts. Sometimes people struggle to save because they can't control their finances, live a high lifestyle, or perhaps because they have debt, preventing them from having any money left over. And in my opinion, saving doesn't mean leaving money in an account, as it will inevitably be eaten away by inflation. It's better to save for investment, where its value can at least be secured or even increase.

Saving is one way to keep our money safer with inflation, everything feels increasingly difficult, in this digital era, earning money will feel difficult for ordinary people, let alone saving, getting money is already difficult.
Some people have saved with fiat, keeping it in the bank because inflation occurs, the total amount they save becomes small, I think inflation will continue to occur in this era, it is better for us to be smart in saving to avoid inflation, approximately if there is an average income, it is better to invest in gold, land, and property, which will not be affected by inflation.

[dunfida]

Inflation makes it difficult for people to save, especially those with average incomes. Forget about saving, even buying high-end necessities doesn't leave any money left over. This is probably why many people complain about the difficulty of saving. But that doesn't mean people can save if inflation doesn't exist. Even with inflation, people can still save, even if only in small amounts. Sometimes people struggle to save because they can't control their finances, live a high lifestyle, or perhaps because they have debt, preventing them from having any money left over. And in my opinion, saving doesn't mean leaving money in an account, as it will inevitably be eaten away by inflation. It's better to save for investment, where its value can at least be secured or even increase.

Saving is one way to keep our money safer with inflation, everything feels increasingly difficult, in this digital era, earning money will feel difficult for ordinary people, let alone saving, getting money is already difficult.
Some people have saved with fiat, keeping it in the bank because inflation occurs, the total amount they save becomes small, I think inflation will continue to occur in this era, it is better for us to be smart in saving to avoid inflation, approximately if there is an average income, it is better to invest in gold, land, and property, which will not be affected by inflation.

Inflation really makes saving harder for most people prices rise faster than income and what used to be enough starts to feel smaller every month many people live from one paycheck to the next so even basic needs take up most of their money leaving little or nothing to save but at the same time the habit of saving doesn’t depend only on inflation it also depends on self control and planning some people earn well but still struggle because they spend without limits or fall into debt that eats up their income.

Saving doesn’t just mean putting cash in a bank because that money slowly loses value as inflation grows it’s more about protecting your money by giving it a chance to grow investing in assets that hold value like gold land or property can help balance the loss caused by inflation these things don’t lose worth as easily and sometimes increase with time giving more security to your savings. Still even small savings matter when done with consistency it’s better to save a little regularly than wait for a perfect time that may never come planning your spending keeping your lifestyle simple and focusing on needs before wants are small but powerful steps that help build stability over time.