Save More than Spend

[Youngrebel]

Over time in the past few years, business adjusted prices and even  industries reviewed salary structures, countries increased minimum wage to meet up the demand of the economy due to inflation rates. But within the past few months the inflation rate seems NOT to be on the constant rise and increase as was seen sometime ago. Though it is not stable but there seems to be some forms of little price drops and stabilities in the local markets . This in a way has help some people get extra money because the drops had directly affected disposable income to increase.  Making people to spend more than what they are used to spending before due to the economy.
The best thing to be done now is to realise this fact and save any extra cash instead of spending unnecessarily.  Instead of increasing your purchases because of your increased disposable income, it is better you increase your savings.  Boost it as much as you can because you donot know gow the inflation rate would turn out in the next few months to come.

[BitBakerr1]

Yeah one needs to save but I will advise that the savings be in bitcoin and not in bank because if you save in bitcoin inflation will not get to it but if you decide to save in bank inflation will still get to it there by making your savings useless. If your salary is increased because of inflation what you should do is to continue living the way you were doing before the inflation, some people will just increase there standard of living because there money as been increased forgetting same inflation that happened that lead to your salary being increased can happen again and you know how government works before they can review the salary structure it may take a very long time, so save that add income in bitcoin to secure your future.

[rachael9385]

Over time in the past few years, business adjusted prices and even  industries reviewed salary structures, countries increased minimum wage to meet up the demand of the economy due to inflation rates. But within the past few months the inflation rate seems NOT to be on the constant rise and increase as was seen sometime ago. Though it is not stable but there seems to be some forms of little price drops and stabilities in the local markets . This in a way has help some people get extra money because the drops had directly affected disposable income to increase.  Making people to spend more than what they are used to spending before due to the economy.
The best thing to be done now is to realise this fact and save any extra cash instead of spending unnecessarily.  Instead of increasing your purchases because of your increased disposable income, it is better you increase your savings.  Boost it as much as you can because you donot know gow the inflation rate would turn out in the next few months to come.

Saving is cool but pretty thing you should value more than that is investments, it is better to invest more than spending. Saving is simply Saving to spend money later on which is almost like delaying the inevitable.while you are just Saving all that money that isn't doing anything for you there are many ways to put it into good use. You can make money by allowing your money produce more for you.

[Kasabus]

The problem with people experiencing salary increase, they also elevate their lifestyle and spend like they have unlimited cash flow of income. They are never cautious with how they spend their money, as long as they have fulfilled all their needs and wants in life.

Wouldn't it be more ideal for the future if the people care to save more and spend less? We have seen how inflation is ruining our budget and finances, so its best if we could be more cautious on how to budget wise our money and spend only on what's real necessity and disregard the unnecessary ones.

[Miles2006]

Save more is good also earn wisely should be considered by so many, an entrepreneur might not suffer badly compared to salary earners during inflation period. In a country when the governments are not ready to restructure the basic needs including for example increasing salary payment for workers obviously if this is impossible for the government then no one can save except they find other source of income. Op is actually right because for those who are financially stable and can handle the economy rightly end up spending on less important stuffs, saving or investing the money would be better I guess many people make mistakes as such then end up regret.

[EFS]

This is easy to say but hard to do. Not everyone earns enough, wages are low and inflation is high. Even if you cut expenses, the money you earn may still not be enough. This depends on where you live and how much you earn. If you can save, of course that's the best option, but there are millions of people who can't make it to the end of the month. Maybe the economy is better where you live right now, but we haven't seen any visible improvement. On the contrary, the economy is getting worse every year.

[SmartGold01]

This is easy to say but hard to do. Not everyone earns enough, wages are low and inflation is high. Even if you cut expenses, the money you earn may still not be enough. This depends on where you live and how much you earn. If you can save, of course that's the best option, but there are millions of people who can't make it to the end of the month. Maybe the economy is better where you live right now, but we haven't seen any visible improvement. On the contrary, the economy is getting worse every year.

Absolute right mate! Savings and investment is all we most people preached over here but at then, we need to ask ourselves one very important question regarding to how much each an every individuals earns after tax and whatever from their salaries, how much remains after paying debts and also how much remains after removing money for the current expenses before the months runs out?
Usually you would see that it would be that hard for people cope, invest and do savings for themselves because inflation is high and tax rate isn't getting lower or reduce or eve cutoff instead is still increasing everyday by day making things very difficult for the average and lower class people out there.

[SUPERSAIAN]

In many economies, people are struggling to pay off debts; let alone saving, even making ends meet is difficult in today's inflationary climate. If you can save, you're among the minority. Saving and accumulating wealth isn't for everyone anyway many think they'll spend as much as they earn. They spend what they earn, and without any plan, they find themselves helpless when difficult times come.

[uneng]

But within the past few months the inflation rate seems NOT to be on the constant rise and increase as was seen sometime ago. Though it is not stable but there seems to be some forms of little price drops and stabilities in the local markets

I don't know from where you are talking about, but from what I observe, inflation never retreats and prices never go down. What may happen is that some goods decrease slightly in price, while some other goods increase immensely in price. When you weight all the prices adjustments, though, you will see that in general, you are still paying much more than in the past. Therefore, there is a false perception inflation isn't increasing in alarming rates.

For that reason, to hold fiat is a bad deal. The best to do is to invest it as soon as you accumulate some decent amount of money on your banking account, trying to always keep interest generated above real inflation, which is different from official inflation of the country...

[Yamifoud]

Saving is good but still, it won't create realistic changes if you won't pursue real investing. It's where you make more valuable money once you start to invest on the right assets like bitcoin.

Save more and spend less, that's right. But as long as you have a regular source of income, never stop saving and investing as well so that in the future when you no longer capable enough to sustain a job, then you have your investment that will serve as your back up when your savings start to decrease its amount.

[Odogwu-Blockchain]

Next few months to come is underrated, to be frank, I've think pass beyond months as well as years when tackling about economy and income. From my childhood, I've heard my parents complain about this same issue till I've grown up into adult and I'm realizing that I continue the discussion of economic hardship with my colleagues.

I starting to understand that it's a battle to fight ahead of time because everyday by day, prices of goods and services rises, and then salary do not increase and if it does, it only increase when minimum wage is approved when do take time maybe after 4 years or so.

The best way of handling this is by becoming jack of all trades, doing so many jobs at the same time especially when it's a digital remote jobs online, it's possible to multitask this way to help yourself save and spend wisely.

[Accardo]

Savings is very vital, companies want to cut cost, to save up for next year, individuals buy atmost the affordable version of what they need to save cost for other things like investment and self growth. But in the actual sense don't party like the Brits, money savers are optimistics who are ready and prepared to tackle whatever finance need is thrown at them, which habit, builds financial confidence.

[Vaculin]

This is easy to say but hard to do. Not everyone earns enough, wages are low and inflation is high. Even if you cut expenses, the money you earn may still not be enough. This depends on where you live and how much you earn. If you can save, of course that's the best option, but there are millions of people who can't make it to the end of the month. Maybe the economy is better where you live right now, but we haven't seen any visible improvement. On the contrary, the economy is getting worse every year.

What you said is also the reality in our country. People find it definitely hard to save not only because they have small earnings, but also because inflation is inevitably high and only those who have high paid salaries are capable to sustain their needs while leaving the rest struggling in their finances.

So saving may seem impossible for majority, in the sense that investing also is very hard for them. But I still stick to the idea that if we can save a little amount, make it a habit until it can afford to start a good investment in the future.

[Natalim]

Yeah one needs to save but I will advise that the savings be in bitcoin and not in bank because if you save in bitcoin inflation will not get to it but if you decide to save in bank inflation will still get to it there by making your savings useless. If your salary is increased because of inflation what you should do is to continue living the way you were doing before the inflation, some people will just increase there standard of living because there money as been increased forgetting same inflation that happened that lead to your salary being increased can happen again and you know how government works before they can review the salary structure it may take a very long time, so save that add income in bitcoin to secure your future.

If people can afford to save in bitcoin, much better because its value appreciates in the long run. However, saving in fiat is already hard if we look at the real current scenario, as there are more job workers who are living in minimum wage income than those getting high paid income.

With this, saving is hard to achieved, even for those who are making a little extra income. Unless if they start making additional side hustle, probably that's the time they can start saving and even explore investment opportunities where they think they are more capable to.

[Rruchi man]

Instead of increasing your purchases because of your increased disposable income, it is better you increase your savings. 

When any topic about savings is being brought up, some people always frown because, on that note of savings, they are seriously falling behind. If the habit of saving can actually be cultivated, many persons will be surprised at the turnover, which is the amount of money they've been able to save.

Now just as you have a lot of savings, the goal is not to remain and then start up investments.

[Floczy]

I feel one saving account is not enough. It is preferable different savings account for different purposes. This is how I do mine. If I have a project in mind, ill take note of the duration it will take me to achieve it. Next is to create a saving account on any saving app, set a targeted amount, and break the saving pattern to either weekly or monthly. Bit by bit, I do achieve my goals using this method.

If you think you can control the way you spend money 100% you are misleading yourself. We humans do spend money when needs arises, sometimes we cant control the instincts because we have needs, most needs becomes important to us before it affects our life.

[Tungbulu]

Saving is cool but pretty thing you should value more than that is investments, it is better to invest more than spending. Saving is simply Saving to spend money later on which is almost like delaying the inevitable.while you are just Saving all that money that isn't doing anything for you there are many ways to put it into good use. You can make money by allowing your money produce more for you.

True, but hope you know that even investors save too. Sometimes saving is way more than just delaying the inevitable as you term it, it could also mean preparing for unforeseen circumstances that may most likely would’ve taken you unaware. Just like  said earlier, even investors need backup funds which in other words are also known as savings. And if you understand the structure of investment, you’d know that savings are a very essential aspect of an investment and that without savings, and investment is left vulnerable and could be dipped into at any given moment.

[Darker45]

This isn't the situation where I'm from. The prices of goods and services remain high and increasing. Salaries aren't moving at all. But your point remains valid. Of course, spending should always be moderated.

However, spending is fun. Much of the joys in life are basically founded on spending--travels, hangout, sharing a delicious meal, and so on. So, I guess what's even more important than saving is making sure you have a good stream of income from various sources.

[SilverCryptoBullet]

The best thing to be done now is to realise this fact and save any extra cash instead of spending unnecessarily.  Instead of increasing your purchases because of your increased disposable income, it is better you increase your savings.

Have your savings, increase your saving fund and use it for investment is good, but your post contradicts directly with your topic title. It does not express anything about "Save more than spend" as you wrote in the topic title.

That purpose is unrealistic with many people, as if you don't have too much money, too high income, you will have to spend more money than what you can actually add into your saving fund monthly. It's different with millionaires or billionaires who can save more money than what they spend monthly because people have almost similar basic needs, and if millionaires or billionaires can live simple life, they will be able to save a lot of money.

While with the poor, they can try to save money but their saving will not be bigger than what they spend in most cases.

[maydna]

Saving more than spend is good thing to do because we can prepares our future and ready with anything. We will have extra money that we can use for anything especially in the future.

If you can have more extra jobs, you can earns more money and you can saves it.

We should reducing our expenses and not just buying the things that we really don't needs. Our future still long so we must prepares from now on to be ready.

Instead saving your money in banks, you can invests in Bitcoin. But if you want to invests in other things, that will be up to you. That is your plan so you need to be careful to runs it.