If you don't save,you are not safe

[9ja Amaka]

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

In my opinion if you don’t save, living your life with no future plans. Learning how to invest is how you can make your work for you and secure your future.
And When you invest wisely your money will grow as time goes by helping you to reach your goals faster and giving you more financial security. It is not about being smart with your resources, by saving and investing you are taking control of your future. So it is just a habit that can save you tomorrow and also free you from debts because your savings will be there to avoid most of that.

[bakasabo]

I agree that if a person does not save, does not have money for Plan B, does not have a financial pillow, lives from salary to salary, he is not safe. A person must always have money for unexpected problems. A person must always be ready to survive for several months if he loses job. Or, a person have a friend or a person who can help financially if problem appears. A person must always have or know several ways to make money.

[Orpichukwu]

Earning money and saving it is a good plan, but you only plan to save when you have enough to take care of personal bills and that of family. That's when you can think of savings. Some people have a good spending plan where they won't want to waste any money, but what they are earning is never enough, and there are fewer job opportunities out there which they could use to increase their income, so they have no other option than to be as if they are rotating in one circle.

[Lannakosa]

Earning money and saving it is a good plan, but you only plan to save when you have enough to take care of personal bills and that of family. That's when you can think of savings. Some people have a good spending plan where they won't want to waste any money, but what they are earning is never enough, and there are fewer job opportunities out there which they could use to increase their income, so they have no other option than to be as if they are rotating in one circle.

It’s difficult when you have to live from paycheck to paycheck. In such a situation, if something unexpected happens, you’ll have to either borrow money or take out a loan, and neither option is good. You should start saving even when your income is small, to learn how to do it, because as your earnings increase, your expenses will always grow as well. You’ll always be able to find something to spend money on and a reason not to save.

[Stormisover]

Even at this our present time it is still happening,we still have this three categories of people in our midst,so which one are you?

You must learn how to save and invest if you want to become rich and successful person in life.

In my opinion if you don’t save, living your life with no future plans. Learning how to invest is how you can make your work for you and secure your future.
And When you invest wisely your money will grow as time goes by helping you to reach your goals faster and giving you more financial security. It is not about being smart with your resources, by saving and investing you are taking control of your future. So it is just a habit that can save you tomorrow and also free you from debts because your savings will be there to avoid most of that.

I encourage saving even if it is small if compiled together over a long time it will make sense while at the beginning it will be as if you are joking, it can be easier to save for some people than the others, some have enough money but lack good financial management skills and can even be in debts because of extravagant spending over things that are not necessary, and there are those that can be very smart to save with as little as they can after affording some certain important needs, it is good to save because it can help in so many ways, if saving become a habit it can make anyone to become disciplined on how they spend their money.

[Orpichukwu]

Earning money and saving it is a good plan, but you only plan to save when you have enough to take care of personal bills and that of family. That's when you can think of savings. Some people have a good spending plan where they won't want to waste any money, but what they are earning is never enough, and there are fewer job opportunities out there which they could use to increase their income, so they have no other option than to be as if they are rotating in one circle.

It’s difficult when you have to live from paycheck to paycheck. In such a situation, if something unexpected happens, you’ll have to either borrow money or take out a loan, and neither option is good. You should start saving even when your income is small, to learn how to do it, because as your earnings increase, your expenses will always grow as well. You’ll always be able to find something to spend money on and a reason not to save.

I understand the point you are making; there should not be any excuse for not having savings, no matter how little it could be, because our wants can never be entirely satisfied, but what happens when it comes to a situation where what the person earns is not even enough to foot the bills for the family needs and everything is necessary to put the family in place? How does such a person cut down costs in order to secure something that could go into a savings account?

[Betwrong]

I am not a rich person and not a descendant of a rich person, some of the money I earned came from my hard work so far. So far I have always focused on offline work and tried to do online work to increase my income.
I have tried three ways of using money at different times, but my focus remains on investing. I always spend money to buy primary necessities for daily needs and occasionally splurge money to make my family happy.

My children and wife also play a big role in how much money I earn, I am responsible for making them happy by taking them on vacation and buying things they like. Life is not only about how much money you can collect from various sources of income, but making the people who support us happy is also very important.

My principle is, money can be earned, happiness cannot be bought.

It's a pity I don't have a spendable merit, because I would give you one right away. What you said is so true! Indeed our wives and kids play a big role in how much money we earn. They make us rest from hard work and they provide the inspiration for the work too. And for our future it is much better to spend money on them than to "save" it for some vague reason. Because happiness cannot be bought, you are totally right, mate. And if we have wife and kids, we should live happily today instead of saving money for whatever reasons.

[AprilioMP]

Money is very essential to every human being and that is why everyone wants to make money, people are making money in different ways,some makes their money in an easier way, and some are in difficult ways depending on the type of work you are doing.but they are only three things you can do with money:

(1)you can invest money
(2)you can spend money
(3)you can waste money

Because money serves as a recognized means of transaction, it is a crucial factor for humans. Every form of daily human activity requires money, from small to large.

Investing is part of protecting oneself from the economic downturn. Spending money, aside from its function, can lead to difficulties.
Wasting money is a bad habit of people who don't understand how difficult it is to earn money.

[G_Besar]

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Because money serves as a recognized means of transaction, it is a crucial factor for humans. Every form of daily human activity requires money, from small to large.

Investing is part of protecting oneself from the economic downturn. Spending money, aside from its function, can lead to difficulties.
Wasting money is a bad habit of people who don't understand how difficult it is to earn money.

Spending anything is always easier than earning it by any means. This means that money is always easier to spend than to earn because obtaining it always requires a certain process, which some call effort. Therefore, it is clear that no one should be wasteful when spending money if they still deeply hate the difficulties that can arise. Therefore, currently, many people are willing to invest in assets that can help them in the future, simply to avoid wasting money. Furthermore, simply saving money without investing it in something more useful will not yield any results, so choosing the investment path is very appropriate for everyone.

[Jatiluhung]

I agree that if a person does not save, does not have money for Plan B, does not have a financial pillow, lives from salary to salary, he is not safe. A person must always have money for unexpected problems. A person must always be ready to survive for several months if he loses job. Or, a person have a friend or a person who can help financially if problem appears. A person must always have or know several ways to make money.

That's why saving for an emergency fund is necessary. Because these funds will be very useful in circumstances that we never expected at all. And I think the minimum amount of emergency fund that should be owned will be quite different for each person. But having an amount of about 9 times the value of our salary per month I think is necessary. This is just my view. Which I took from a speaker that I've seen on television who inspired me quite a bit. And maybe the same people from my country must have also watched the inspiring story of an athlete in managing his finances. because being an athlete can be more at risk of experiencing financial problems in old age if you don't have good financial planning. I was inspired from there. And imitate it even though I'm not an athlete. because everyone should always have a plan B and even C. So having some savings is also necessary. Investment and savings are both equally important. Savings as an emergency fund and investment as a plan for a better future so that our finances grow to be better.

[dunfida]

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Because money serves as a recognized means of transaction, it is a crucial factor for humans. Every form of daily human activity requires money, from small to large.

Investing is part of protecting oneself from the economic downturn. Spending money, aside from its function, can lead to difficulties.
Wasting money is a bad habit of people who don't understand how difficult it is to earn money.

Spending anything is always easier than earning it by any means. This means that money is always easier to spend than to earn because obtaining it always requires a certain process, which some call effort. Therefore, it is clear that no one should be wasteful when spending money if they still deeply hate the difficulties that can arise. Therefore, currently, many people are willing to invest in assets that can help them in the future, simply to avoid wasting money. Furthermore, simply saving money without investing it in something more useful will not yield any results, so choosing the investment path is very appropriate for everyone.

Money has always been at the center of human survival and development it dictates how we live what we eat and even how we think about the future because every single action in life directly or indirectly requires it whether it’s buying food paying rent or seeking comfort it all leads back to how well we manage and value money people who fail to respect this simple truth often find themselves trapped in a cycle of debt and stress because they never understood that earning money takes effort patience and discipline while spending it takes only a moment of impulse. Investing is one of the smartest ways to protect yourself from the harsh effects of inflation and economic uncertainty money that just sits in a savings account slowly loses value over time as prices rise and purchasing power weakens this is why simply saving without putting money to work is like walking in place while the world moves forward investments help money grow they give it purpose and direction and while every investment carries risk it’s far better than letting cash lose value quietly in a drawer or a bank account.

The truth is wasting money is not only about spending on unnecessary things it’s also about failing to plan for the future every time we ignore the chance to save or invest we are wasting the effort that went into earning that money building financial stability requires balance between spending saving and investing those who understand this early in life end up more secure and less worried about what tomorrow brings every dollar should be treated as a tool that either works for you or against you and the difference lies in how wisely you use it.

[LDL]

Money is very essential to every human being and that is why everyone wants to make money, people are making money in different ways,some makes their money in an easier way, and some are in difficult ways depending on the type of work you are doing.but they are only three things you can do with money:

(1)you can invest money
(2)you can spend money
(3)you can waste money

Because money serves as a recognized means of transaction, it is a crucial factor for humans. Every form of daily human activity requires money, from small to large.

Investing is part of protecting oneself from the economic downturn. Spending money, aside from its function, can lead to difficulties.
Wasting money is a bad habit of people who don't understand how difficult it is to earn money.

Money wasters will eventually suffer the consequences of wasting money. A person may not realize the consequences of wasting money when their career is bright, but when they do not have a job or savings, they realize the consequences of wasting excess money.
Those of us who spend unnecessarily instead of saving money for future security will realize the consequences of this unnecessary spending at some point when we no longer have a source of income. Wise people save for future security instead of making unnecessary expenses when they are young and have a good career and sufficient sources of income.

[leonair]

Money is very essential to every human being and that is why everyone wants to make money, people are making money in different ways,some makes their money in an easier way, and some are in difficult ways depending on the type of work you are doing.but they are only three things you can do with money:

(1)you can invest money
(2)you can spend money
(3)you can waste money

Because money serves as a recognized means of transaction, it is a crucial factor for humans. Every form of daily human activity requires money, from small to large.

Investing is part of protecting oneself from the economic downturn. Spending money, aside from its function, can lead to difficulties.
Wasting money is a bad habit of people who don't understand how difficult it is to earn money.

Money wasters will eventually suffer the consequences of wasting money. A person may not realize the consequences of wasting money when their career is bright, but when they do not have a job or savings, they realize the consequences of wasting excess money.
Those of us who spend unnecessarily instead of saving money for future security will realize the consequences of this unnecessary spending at some point when we no longer have a source of income. Wise people save for future security instead of making unnecessary expenses when they are young and have a good career and sufficient sources of income.

No matter how much money you are able to earn, if you waste money, you will not be able to stay financially well for a long time. Because if for some reason your income decreases, then you will be depressed and when you retire, you will not have security in your life. People cannot earn money forever, so considering that, everyone should save money and reduce their unnecessary expenses. I have seen people who waste money and later fall into financial crisis, they start blaming their luck, but if they waste money without being careful and later get into trouble, then it is foolish to blame luck. Because that is a good result of their previous waste of money.

[Lannakosa]

Earning money and saving it is a good plan, but you only plan to save when you have enough to take care of personal bills and that of family. That's when you can think of savings. Some people have a good spending plan where they won't want to waste any money, but what they are earning is never enough, and there are fewer job opportunities out there which they could use to increase their income, so they have no other option than to be as if they are rotating in one circle.

There will never be a perfect time to start saving, I see how this happens with my friends, they spend everything they earn, often even using their credit limit, and then pay it off when they get their salary. In this way, they are already living in debt. I don’t know what would have to change for them to start saving, because even if they were able to increase their income, that still wouldn’t be enough to make them start saving.

[AprilioMP]

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Spending anything is always easier than earning it by any means. This means that money is always easier to spend than to earn because obtaining it always requires a certain process, which some call effort. Therefore, it is clear that no one should be wasteful when spending money if they still deeply hate the difficulties that can arise. Therefore, currently, many people are willing to invest in assets that can help them in the future, simply to avoid wasting money. Furthermore, simply saving money without investing it in something more useful will not yield any results, so choosing the investment path is very appropriate for everyone.

That's true, because spending money doesn't require the same effort as working hard to earn it.
It's highly recommended that everyone realize how difficult it is to earn money, so that when they do have it, they can focus more on productivity rather than consumption.
Consumption is fine, but only according to need, not to follow trends.
Most teenagers today prefer to follow trends rather than thinking ahead or considering when they're no longer employed.
I remember the saying from elementary school: "Diligence is the key to intelligence, and thrift is the key to wealth."

[Fakhrulenclix]

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Spending anything is always easier than earning it by any means. This means that money is always easier to spend than to earn because obtaining it always requires a certain process, which some call effort. Therefore, it is clear that no one should be wasteful when spending money if they still deeply hate the difficulties that can arise. Therefore, currently, many people are willing to invest in assets that can help them in the future, simply to avoid wasting money. Furthermore, simply saving money without investing it in something more useful will not yield any results, so choosing the investment path is very appropriate for everyone.

That's true, because spending money doesn't require the same effort as working hard to earn it.
It's highly recommended that everyone realize how difficult it is to earn money, so that when they do have it, they can focus more on productivity rather than consumption.
Consumption is fine, but only according to need, not to follow trends.
Most teenagers today prefer to follow trends rather than thinking ahead or considering when they're no longer employed.
I remember the saying from elementary school: "Diligence is the key to intelligence, and thrift is the key to wealth."

That's undeniable, I agree with what you said but there are limits in life that cannot be overcome For example desires must be fulfilled for happiness, We can't just work without rewarding ourselves.
Saving is very important, After we've met all our needs, what we need to think about now is earning more money to fulfill our desires along with tips for continuing to save and investing for the future.

[Obulis]

That's true, but ultimately, we still have to work hard to earn a lot of money. If, for example, our income exceeds our expenses, then that's the right time to start investing.

However, one thing we must understand is that investing isn't a quick way to get rich. Profits usually depend on how much money you allocate. This is why investment planning is generally long-term, for example, 5-15 years, if you want to see the benefits.

In the initial stages, I believe investing is only useful for preserving the value of our money to protect against inflation, but it can be profitable if maintained over the long term.

It is has always been true that investment has always been a process of patience as time is part of it five to fifteen years (5-15 years) as you point which is a medium of keeping the value of a capital active as long as possible.
But then sometimes, lack of financial discipline is what makes it look as if income isn't good enough to invest since expenses always exceeds income.

[Jaweria parveen]

It is has always been true that investment has always been a process of patience as time is part of it five to fifteen years (5-15 years) as you point which is a medium of keeping the value of a capital active as long as possible.
But then sometimes, lack of financial discipline is what makes it look as if income isn't good enough to invest since expenses always exceeds income.

Our elders have always taught us that if you do any work, then work with patience because wherever you think of profit, there will also be loss, which can also worry us. Therefore, we should think carefully about our actions every day so that we can understand both sides. Whoever goes into business will initially face losses, but gradually he becomes successful over the years and also gains enough experience, which increases his profit. Yes, this is also a problem that for those houses that waste more money, the number of people in their house is more and because of this, the profit that we once thought was good now starts to be received in less form.

[Adams0001]

Spending anything is always easier than earning it by any means. This means that money is always easier to spend than to earn because obtaining it always requires a certain process, which some call effort. Therefore, it is clear that no one should be wasteful when spending money if they still deeply hate the difficulties that can arise. Therefore, currently, many people are willing to invest in assets that can help them in the future, simply to avoid wasting money. Furthermore, simply saving money without investing it in something more useful will not yield any results, so choosing the investment path is very appropriate for everyone.

If you have money you will send it the way you like but to gain more money is always difficult that is why if you are salary earner you need o plan very well before you spend because if you have spend the money you have before getting another is always hard to get. That is why if you're receiving alot of funds you should always try to save some so that when ever you are in problem you can used it and solve your problem and if you are capable again you should invest to get profit and you won't lack money to spend again but people don't usually get proper plans and they think they will be getting money always. And if you are spending without investing one day you will definitely need emergency funds, because money that you are spending sometimes he can't satisfy you but if you have a plan and invest anytime you need money you can take it part of your investment that is why investment and savings are the best thing you should do as salary earner and you will be safe from alot of problems.

[Asuspawer09]

Wasting money doesn't explain well how do you waste your money? is it by spending it on something that you dont need? if thats the case then its spending money as well. If thats the case then wasting money is just gonna fall as a type of spending money, since you could spend your money wisely, or spend it on nonsense and waste it.

I mean, personally, I dont believe that I waste money, there was no way your going to waste money especially if its a hard earn money, its not like something that your just gonna burn, if your going to do that then I would say that right its a complete waste of money then, but rather I only do investing and spending. Maybe I dont really spend my money wisely and probably a lot of times I do spend my money on something that I want but not really something that I need, which im gonna consider as not spending my money wisely.

Investing my money for sure is an important thing to do, its just a basic thing to do, especially if you want money for your future. I do investing everytime and Im trying to always save a higher amount as best as I can everytime. Its never going to be a bad thing, invest your money into something and you might just multiply your investment.