Save More than Spend

[GiftedMAN]

In developed countries, even unemployed people may still receive money from the government every month. So sometimes they may still be able to make good use of that money and save a little. The problem is for those in developing countries. When someone is unemployed, it means that no one will provide them with money, whether from the government or elsewhere, except perhaps from caring family members or similar sources. Therefore, in some developing countries, it is difficult for the unemployed to save money. Even surviving is not easy at all.

The reason why this is so is because some people are too lazy, they wait for manna to fall down from heaven so they can just pick and eat. I see this mostly in developing countries, you see someone go to school, spend several years in college, make all the grades, come out and still depend on the government to create jobs for them before they can earn money. I know some people might read this and be tempted to ask, isn’t it how it’s supposed to be? The moment people stop depending on other people or the government to create jobs for them, the better for them and the sooner they get to realize that they can create jobs for themselves and earn a good living.

[Promocodeudo]

In developed countries, even unemployed people may still receive money from the government every month. So sometimes they may still be able to make good use of that money and save a little. The problem is for those in developing countries. When someone is unemployed, it means that no one will provide them with money, whether from the government or elsewhere, except perhaps from caring family members or similar sources. Therefore, in some developing countries, it is difficult for the unemployed to save money. Even surviving is not easy at all.

There's no doubt about what you said, in those developed countries unemployed person are really surviving far better than those in the under developed countries but in all self employment do exist to and that's only ways people survive in my country, in my country, the government is not in anyway helping matters, there's risk tax laws they implemented this year, as am talking to you the government did not consult the citizens to get their opinions even when they know that they aren't paying they unemployed or even having enough work force, although it is not easy to save in some condition, so you're very much right to a very large extent.

[yixichloro2xx]

You are right. Financial security is very important for all people in the future. For this, one should create some kind of permanent asset. Because people's lives do not always continue in the same way. Many people earn money at a young age and live a luxurious life and spend their money on various types of entertainment. They do not save anything for the future. But we should always think long-term. So the possibility of facing major financial problems in the future will low. If one can give importance to one's holdings at the right time, then financial security will be ensured for the future, which will relieve an individual from financial stress.

Those who are earning good in their early age must start investing from same age that they can use when they grow old. When we are young our energies are high and we can work with enthusiasm which in turn results in better outputs. With time our energies are not that high, also we have kids that grow up and for their higher education we need money. In older age, we need money for our self and for our family that's where invested money in young age comes in handy. If you are earning good and just spending on luxurious lifestyle then you are doing damage to your future.

As a youth who earns money, it is very good to save and invest. I see my youth who spends lavishly, it very common for young who just made money to buy car, club with girls, spend on unnecessary things. Then they go broke within a matter of time. Even with that most of them doesn't still take lessons from their past experiences, they still feel they young and have enough time to make more money. Even if it is small investments we make consistency it matters in a long term period. Yes, we can enjoy our money, but we should cut out unnecessary things.

[Sarah_Jannat42]

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.

When it is seen that the rate of inflation increases, one should keep a close eye on one's progress. Make plans and activities smarter. Gain more detailed ideas or knowledge about money making. Only then will it be possible to survive in difficult economic conditions. So when someone plans to save, he should take care of money generation.

[7juju]

Saving money is good that's a fact that everyone knows, but nobody can save money when they have needs that they need to attend. How long will someone continue to deprive themselves of the basic things that will make their life comfortable because you want to save. If you have a job that the salary is rarely enough to take care of your basic needs, you should get another job or set up a business that will generate more income for you. I prefer investing money to saving it in a bank were inflation will still eat it up.

[SOKO-DEKE]

Some people should have moved to the next stages of life and never remain the same as they are currently. If they have taken very wise steps by saving money and investing in good ways, by now they should have stopped worrying so much about the government increasing their salary all the time. Saving is very important, but our money should not only be saved; it should also be invested, and that is the only way we can get better. Saving money in banks may not solve more problems in the future because it is very possible that the money will still lose value due to inflation. However, when money is invested, it is very possible that the money will grow as profits come in. If some people keep thinking about what tomorrow may lead to, they will not spend money carelessly. When their income increases, they will never allow their problems to increase as well.

[digitalbear]

Things are still uncertain, and prices could drop further, so it’s smart to be careful with extra money. Personally, I like to keep most of my savings in Bitcoin for the long term, but I also try to take advantage of price dips to buy more and sell a little when it goes up. It’s not about chasing every move — just a way to grow your holdings while still thinking ahead.

[AmaGold70]

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 money rather than spending too much when your salary is increased is good because you never know what will happen in the next minute but it is also important not to forget about yourself while saving too, always know the difference between your needs and what you want and set boundaries and never ignore your needs just because you are saving. As you are saving money also don't forget to save yourself too from doing too much and thereby working like an elephant and eating like an ant, people these days don't only depend on one job because of how the economy has made our salaries seem useless so it's better to get a job that gives you time to do other side hustle just to meet up with your needs.

[salad daging]

Saving money is good that's a fact that everyone knows, but nobody can save money when they have needs that they need to attend. How long will someone continue to deprive themselves of the basic things that will make their life comfortable because you want to save. If you have a job that the salary is rarely enough to take care of your basic needs, you should get another job or set up a business that will generate more income for you. I prefer investing money to saving it in a bank were inflation will still eat it up.

Meeting the needs of life first and then saving, but if they save first and ignore the needs of life means they are stingy on themselves.
The way old people think they will continue to say saving is better but never think about how inflation continues to be high every year, so saving it will not make it rich because it will continue to stagnate.
Yes, now that people know about investing in any field, they will take the risk that is worth the profit rather than saving in the bank will not make money grow.

[gunhell16]

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.

I remember back when I first got a job, I thought I’d be happy for life. But once I started working, I realized that just having a job isn't enough especially since we are living independently in this world.

I realized my salary still wasn't sufficient to sustain everything, particularly the bills. Back then, my spending always outweighed my ability to save even a little bit for the future. I also noticed at the time that the majority of employees were big spenders when it came to themselves, and I was definitely one of them! 😃 But of course, I learned my lesson from that experience.

[Pablo-wood]

Prices of most commodities tripped and the salary review for most countries didn't still meetup with the hike in prices. Sometimes it's not intentional to outspend our budgets just that most necessities can't be ignored but I still believe discipline and reviewing our budgets too can help in managing our expenses such that it creates room for savings and investments because it's this reserves that helps in times where there is scarcity

[SquallLeonhart]

Those who depend only on one income but spend like there is no tomorrow will definitely find themselves suffering at some point. Life is so unpredictable and there could be instances wherein you would need to get money for an emergency.

And they'll likely to lead themselves into taking loans. They can afford things for now but if it's about the most important possessions that they are looking forward, since they are not savers, the tendency of them to become borrowers is very high. Earning with a single income is not enough in the modern world today. That's why we prepare for unforeseen events in our lives, we save money to invest, we save for emergencies and we save for our future. Anyone who hasn't figured it out yet on why things are hard on them financially, they've got a serious problem that they have to solve.

I had that type of period where I had to take a loan. While I was earning just a single source of income, I was not doing that well and because of it I ended up with something I needed to pay that was bigger than my 2 month of salary, and there wasn't any other way, I had to pay. Ever since then, while I am paying off my debt back, I am making new debts because it's life and stuff happens.

Like most recently, our car broke down and I had to pay literally one salary worth of money for it, while it is in 3 month instalments, it's still hard.

[leonair]

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.

Even if you save more than you spend, you cannot fight inflation. If you cannot invest your saved money in something from which you will get a good return. With the amount of inflation that occurs every year, the value of a person who keeps cash money will constantly decrease, which will never allow him to lead a good life. Therefore, it is more important than saving to learn about the proper use of money and to study investment subjects. Because without investment, it is not possible to generate such an amount of money that can fight inflation.

[passwordnow]

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.

It's very easy to spend more on this kind of economy when you're earning more than before. But that's how you'll define and determine yourself if you're financially responsible and able to maintain the kind of lifestyle chose to live. Saving more is going to put more life to your finances but investing is going to build you a lifetime opportunity that you can pass on to your heirs. So save and invest more is what people need to practice. It's hard and you'll have to sacrifice a lot of things but it's all worthwhile when you'll see the end results of it.

It is true that when a persons income increases, his cost of living also increases, where earlier he used to buy only essential items, now due to the increase in income he starts buying expensive daily necessities as well as fancy items. One thing should always be kept in mind and that is that if interest or addiction to fancy items does not arise, then his future will actually be less developed than it should be. This sacrifice must be made so that the future can be fully successful. For this saving should be given a little more priority than spending and should be saved in crypto, which we consider as an investment. Otherwise if the savings are in fiat currency, then there is a strong possibility of it being affected by inflation and being damaged.

Discipline is a must when someone earns more. Because that crave for those things that you can't afford before, they're going to happen and you'll spend it unplanned because that's what you think is going to satisfy you. It happens to all of us until we have noticed that we can't afford it anymore and the lifestyle that we're trying to live with doesn't suit anymore the increase that we've got. So, protect yourself, protect your money and peace of mind because that's one of the causes when someone can't take it anymore and they depend on loans in the end which is another sign of bad financial habits.

[Alone055]

Saving money is good that's a fact that everyone knows, but nobody can save money when they have needs that they need to attend. How long will someone continue to deprive themselves of the basic things that will make their life comfortable because you want to save. If you have a job that the salary is rarely enough to take care of your basic needs, you should get another job or set up a business that will generate more income for you. I prefer investing money to saving it in a bank were inflation will still eat it up.

Who says you should save money by depriving yourself or your loved ones of the basic necessities of life? That's not possible and shouldn't be done. Saving is only possible if someone makes more money than they actually need for their monthly expenses. If you are not making more money than you need for basic needs then you can't save, it's simple as that.

And, investments shouldn't be done before at least having some funds saved for emegencies in life. You can't just manage to save a specific amount and then use it all on an investment with the hope that it is going to make you more money. What if it doesn't? Do you have a plan B?

So, one should make sure that the basic needs are taken care of as the first thing, then they should make sure they have enough money saved for emergencies, and then they should use whatever they can save for investments and stuff.

[Issa56]

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.

We should have to familiarize ourselves with saving, we shouldn’t just spend anyhow just because their is increase in our income, or their is increase in profit that we are making from business. We should make sure we buy things which we know will be useful and necessary, we shouldn’t just buy things which we won’t really be making use of. If your income increases, then try to safe and invest in other things, we should always look for ways to increase our source of income and not accumulating things that are not so necessary.

[Powerjumboo]

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.

Yes, you should save without spending extra money and this savings should definitely be used in the investment sector. In particular, I would say that it is better to save some extra money and invest in Bitcoin without spending extra money. If you can invest in Bitcoin, then at least not now, there will come a time when this investment will play the most effective role. Those who are smart never spend extra money, they always save extra money without spending extra money and invest in Bitcoin from that savings and plan to hold it for the long term. Again, there are many who save extra money and invest that savings in DCA and method every week or every 15 days and plan to hold it for the long term.

[Agbe]

It is always important to plan out your income before you start sorting out expenses, you should set aside the amounts of money you are going to save.But what's more important than saving is having an investment, you can save for and still end up spending at some point. saving money in your bank account adds no value to it, you can do this and still end up struggling. instead of saving in fiat I would rather put my money into stocks, real estate or bitcoin.

[Somto9Light]

Sure, it is very important to save than spending. However, I know spending is something we can't stop but while we are spending we also need to make sure that we are saving because those money we are spending is like we are throwing them away because there's nothing we are getting in return of those money we are spending that is why we also need to save, if possible we should reduce the level of spending and increase that of our savings because it is more important than the ones we are spending because in the future we will be needing money to take care of our responsibility and other things so we shouldn't pay more attention to the things that is happening this current stage, even while doing that we also need to consider the future.

[Makus]

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.

investment is actually the real deal, saving is just going to solve problems temporarily, investment is what you should focus on the most. if you saved money for a period of five years it is still not going to change the fact that you are going to end up spending those monies you have saved up, and at the end of the day you have no increased value added to it. But if you invest into something be it stocks, bitcoin or any other cryptocurrency you are giving yourself an advantage to actually make profit in the future. it is more profitable to invest
.