Save More than Spend

[free-bit.co.in]

saving more than spending is wise but it is advisable to focus more on investment than saving and if you think about investing in anything I would suggest bitcoin, saving in bitcoin gives you more opportunities to earn more because this would appreciate in the future unlike fiat currencies that losses their value. Saving goes a long way but to me it's just like delaying the inevitable because you are going to spend the money at some point and it won't increase in value, it is better to use what you have to create a source of income for yourself

It is important to strike a balance between saving and investing, both are equally crucial. Investing alway involves risk, and you will pay a heavy price if your investment goes wrong and you do not have much money saved.

Bitcoin is a highly volatile asset class, and it is the only one suitable for investment. It is not suitable for use as a savings tool. You should distinguish and separate these thing if you do not want your life to be in trouble.

Finally, do not focus too much on investing. Instead, concentrate on increasing your income if you want to become wealthy. Simply saving and investing little by little is unlikely to lead to significant breakthrough.

[Victorybit1]

what's actually more important than saving is investing because saving is just keeping money for future use, there is no value that is added to it. The best thing to do will always be to invest either in bitcoin, stocks or whatever you think is profitable. Some people save for years only to end up spending the money on expenses, fiat currencies are only going to lose their value in the long run so it is better to save in bitcoin instead. One misconception and wrong idea we have had for a long time is that saving money can make you rich bit that's not really accurate. If you hope be rich it can only come through having an investment.

[Bitcoin.com97]

Saving is difficult to many , because our earnings are not the same , to some persons their expenses is even higher than their income , and from that income you have so many bills to pay, some even end up in debt, before they can do a tangible thing like acquiring a property, then they pay little by little from their salary, such persons saving will be hard , and for those who are lucky to have a good job that pays well , you can as well save from their , but I don’t advice you save in the banks , where your money will be used for investment without any profit , it’s best you save in Bitcoin .

[ColdWalletGuy]

I think your advice about saving is especially important right now. Economic conditions can shift quickly, and what feels stable today might change again in a few months. Instead of increasing spending just because things feel a little easier, it makes sense to build a financial cushion, pay down debts, or even invest if possible.
That said, I also think there’s a balance to consider. Some people have been holding back on essential purchases or quality-of-life improvements during periods of high inflation. So for them, using a bit of that extra income in a mindful way can still be reasonable.

[Swordsoffreedom]

what's actually more important than saving is investing because saving is just keeping money for future use, there is no value that is added to it. The best thing to do will always be to invest either in bitcoin, stocks or whatever you think is profitable. Some people save for years only to end up spending the money on expenses, fiat currencies are only going to lose their value in the long run so it is better to save in bitcoin instead. One misconception and wrong idea we have had for a long time is that saving money can make you rich bit that's not really accurate. If you hope be rich it can only come through having an investment.

You can not invest without having accumulated savings beforehand. You can not hold onto your investment for the long term until it generates a profit without having savings to deal with emergencies. So, it would be a mistake to assume that investing is more important than saving.

Indeed, many people still believe that saving money can lead to wealth. It could be said that they lack knowledge of finance and economics. However, investing does not guarantee you will become rich. Investing always involves risk, and you can not make a profit without managing that risk effectively. Or how can you become rich by investing with a modest amount of capital?
Investing does not guarantee wealth, nor is it the only path to wealth.

[Dewi Aries]

Basically, in any situation and condition, saving is an obligation for someone, besides inflation, the reason is because we never know what bad things will happen to us one day that require us to spend money urgently, this is like planning to prevent anything that might happen and I think the best choice to avoid inflation is to invest our money in an asset, if I choose Bitcoin and leave around 20% fiat just in case.

[GiftedMAN]

Basically, in any situation and condition, saving is an obligation for someone, besides inflation, the reason is because we never know what bad things will happen to us one day that require us to spend money urgently, this is like planning to prevent anything that might happen and I think the best choice to avoid inflation is to invest our money in an asset, if I choose Bitcoin and leave around 20% fiat just in case.

Saving is good so therefore every one should cultivate the habit of saving especially when you have  source of income, a business that is bringing you money or a job that you get paid for. Always prepare for the future even as you prepare for emergency you never know when things will happen that would require you to spend money and if you don't have emergency funds, back up savings it's going to be difficult for you to sort out your challenges. I won't advise you on the amount you should save but based on the amount you are paid, you should be able to keep some amount for emergency.

[Stormisover]

Cultivating saving as a habit is good no doubt but it becomes difficult when expenses are higher than income, though there are those wasting money that they could have been saving,  factors matters which is one having the saving mindset so that when you have money you can be able to spend it wisely on relevant things, if it cover up your expenses the remaining can be saved, some one can only save more than they spend if they have less responsibilities to cater for there are people like that but it can be challenging for those that have more expenses compared to their earning.

[Onyeeze]

Saving is difficult to many , because our earnings are not the same , to some persons their expenses is even higher than their income , and from that income you have so many bills to pay, some even end up in debt, before they can do a tangible thing like acquiring a property, then they pay little by little from their salary, such persons saving will be hard , and for those who are lucky to have a good job that pays well , you can as well save from their , but I don’t advice you save in the banks , where your money will be used for investment without any profit , it’s best you save in Bitcoin .

What you said is the truth, if you have responsibility and your earnings is matching to your expenses due to your responsibilities, your savings will be tempering every day, so for me it's good for expenses to  e higher than earning, people that have savings, it's people who their earnings neither weekly or monthly is higher than their expenses, because the way i do see things, I believe that why people are not having savings is when the responsibility is more than what they earn, sometimes i do spend more than what I earn in a month and it affecting me my saving.

[Makus]

Saving is difficult to many , because our earnings are not the same , to some persons their expenses is even higher than their income , and from that income you have so many bills to pay, some even end up in debt, before they can do a tangible thing like acquiring a property, then they pay little by little from their salary, such persons saving will be hard , and for those who are lucky to have a good job that pays well , you can as well save from their , but I don’t advice you save in the banks , where your money will be used for investment without any profit , it’s best you save in Bitcoin .

Well said, A lot of people find it difficult to save because they spend all their earnings on daily or weekly expenditures not because they don't want to save but the cost of living makes it impossible for them. For such persons they have to work on getting multiple sources of income so that they can save from one income source. There can use DCA to keep buying and accumulating, it is better to buy and keep saying in Bitcoin just like you said instead fiat currencies because they would lose their value in the long run, holding Bitcoin gives you more advantage.

[Somegory]

The amount of money you make every month is what will determine if you are going to safe more or less money in your bank account or others, make sure you are making enough money for that savings to make sens at the end of the day.

I can manage $12 per week for food and transport, I work very close to home too which neutralise extra spending so if someone like me is making $50 every week I will be able to save $38 per week, it all depends on how much we make.

Sometimes savings can be very effective for investment and also for long term savings too, there are people who are basically living on their savings at older age because they saved most of their money when they are working.

[eightdots]

Saving is difficult to many , because our earnings are not the same , to some persons their expenses is even higher than their income , and from that income you have so many bills to pay, some even end up in debt, before they can do a tangible thing like acquiring a property, then they pay little by little from their salary, such persons saving will be hard , and for those who are lucky to have a good job that pays well , you can as well save from their , but I don’t advice you save in the banks , where your money will be used for investment without any profit , it’s best you save in Bitcoin .

Well said, A lot of people find it difficult to save because they spend all their earnings on daily or weekly expenditures not because they don't want to save but the cost of living makes it impossible for them. For such persons they have to work on getting multiple sources of income so that they can save from one income source. There can use DCA to keep buying and accumulating, it is better to buy and keep saying in Bitcoin just like you said instead fiat currencies because they would lose their value in the long run, holding Bitcoin gives you more advantage.

To save, you need to earn an income. It's possible to save with the amount remaining after meeting your essential needs. Sometimes, new needs arise, and you may have to reduce your savings, but the important thing is to save, even a small amount, because over time the amount you save will grow.

Saving is a planned process, and sticking to that plan is always beneficial. It's important to avoid unnecessary spending, as this hinders saving.

[Grace333]

Sometimes life isn't as complicated as most persons say, if you wish to live a mediocre lifestyle then go ahead and spend every single dime that you're making on a daily, weekly, monthly or yearly basis. The book "The Richest Man in Babylon" emphasis on savings cause it's the only way to get financial freedom and that's  why books are important but yet most people feel it's a waste of time. I've been in a state where I was bitterly complaining about the amount of money I make on a monthly basis but until I restructured my spending habits, that was when I realized that I've been the cause and not the amount I make. Cut unnecessary expenses or luxuries that your finances can't comfortable handle.

[Danica22]

Sometimes life isn't as complicated as most persons say, if you wish to live a mediocre lifestyle then go ahead and spend every single dime that you're making on a daily, weekly, monthly or yearly basis. The book "The Richest Man in Babylon" emphasis on savings cause it's the only way to get financial freedom and that's  why books are important but yet most people feel it's a waste of time. I've been in a state where I was bitterly complaining about the amount of money I make on a monthly basis but until I restructured my spending habits, that was when I realized that I've been the cause and not the amount I make. Cut unnecessary expenses or luxuries that your finances can't comfortable handle.

Indeed, the reason we fail to save money is due to our own uncontrolled or undisciplined spending habit. In this case, simply by making a plan and sticking to it, we can significantly improve our saving. However, how can you save money if your income is not even enough to cover your family daily necessities?

Perhap you have never been in that situation, so you can not imagine how financial pressure can disrupt all your plan. Life is complicated and not as easy as you think. Especially when you have a family and children, and become the primary breadwinner. You will realize that life is not simple at all.

[whiteblue]

Sometimes life isn't as complicated as most persons say, if you wish to live a mediocre lifestyle then go ahead and spend every single dime that you're making on a daily, weekly, monthly or yearly basis. The book "The Richest Man in Babylon" emphasis on savings cause it's the only way to get financial freedom and that's  why books are important but yet most people feel it's a waste of time. I've been in a state where I was bitterly complaining about the amount of money I make on a monthly basis but until I restructured my spending habits, that was when I realized that I've been the cause and not the amount I make. Cut unnecessary expenses or luxuries that your finances can't comfortable handle.

I read a book that says that determine the amount you will save from your income and then spend the rest, this will be very good in the goal of saving more than what is spent because our habit is actually wrong is to leave money to save, this is a different principle in the management of storage after earning income, which people who have determined the money they will save are much better at saving it than waiting for the rest.

Luxury is only to feed prestige but will not guarantee our lives better, if we realize that our position is still poor, our finances are not strong, then it is true as in the book you mentioned.

[Etranger]

Basically, in any situation and condition, saving is an obligation for someone, besides inflation, the reason is because we never know what bad things will happen to us one day that require us to spend money urgently, this is like planning to prevent anything that might happen and I think the best choice to avoid inflation is to invest our money in an asset, if I choose Bitcoin and leave around 20% fiat just in case.

Such a habit as saving money is extremely useful and can often be life-saving. A person can lose their job at any time, especially if they are not protected by an employment contract. A war may break out, one may fall seriously ill, or a family member may suddenly need help. So having savings is a very wise decision.

This habit should be developed from an early age, I would even say from childhood. Then, in adulthood, it will be significantly easier.

[Cryptoprincess101]

Such a habit as saving money is extremely useful and can often be life-saving. A person can lose their job at any time, especially if they are not protected by an employment contract. A war may break out, one may fall seriously ill, or a family member may suddenly need help. So having savings is a very wise decision.

This habit should be developed from an early age, I would even say from childhood. Then, in adulthood, it will be significantly easier.

I just advised someone close to me who got a well-paid job recently to learn a saving lifestyle because she is someone that like spending money on costly cosmetics, hairs and handbags. She is an extravagant person and has many times gone broke and borrowed money. I literally told her to save enough money for the first 3 months so that the money can be a back-up if anything happens to her job in the future. Just like you said it, saving money is something i learnt long ago because i know the help i got from the money i saved after i lost my job and stayed without earning for months. Many people feel like when they get a job that it would be permanent which makes them spend every penny they earn, but they forgot to know that a job can terminate at any time.

Teaching children a saving culture is good because they will grow with that mentality and achieve many great things when they are grown. I remember those days when we were kids, some of our relatives do gift us money when they come to our house, but we use those money to buy biscuits and confectionaries, if our parents had taught us or guided us to save those money maybe we would have realized a huge amount of money when we are grown up.

[Odogwu-Blockchain]

Perhap you have never been in that situation, so you can not imagine how financial pressure can disrupt all your plan. Life is complicated and not as easy as you think. Especially when you have a family and children, and become the primary breadwinner. You will realize that life is not simple at all.

I haven't been into this stage of life but I really feel for those with family and children especially when they are leaving in the underdeveloped countries, the struggle is 10x more than developed countries. I am at the stage of my life where I am seriously preparing for the next stage of family, but I could sense from my own self care perspective that life is really really hard.

I have tested it and come to conclusions that life is hard on everyone, and the rich and the poor all saying the same thing that life's hard.

[Rabata]

Sometimes life isn't as complicated as most persons say, if you wish to live a mediocre lifestyle then go ahead and spend every single dime that you're making on a daily, weekly, monthly or yearly basis. The book "The Richest Man in Babylon" emphasis on savings cause it's the only way to get financial freedom and that's  why books are important but yet most people feel it's a waste of time. I've been in a state where I was bitterly complaining about the amount of money I make on a monthly basis but until I restructured my spending habits, that was when I realized that I've been the cause and not the amount I make. Cut unnecessary expenses or luxuries that your finances can't comfortable handle.

If you can reduce waste and unnecessary expenses, you can save a lot of money. If someone wastes $50 every month, then at the end of the year, about $600 equivalent is wasted with out any reason. If you calculate this over 10 years, the amount of money will be much more. So even if you start saving a little, it can become a very big asset in the future. But you have to keep saving. However, there are many people who sometimes do not want to spend some of their necessary expenses to save more money. In that case, I have a different opinion. For this, you should first understand which expenses are necessary for you and which are wasteful. Although this is not so difficult to understand. Everyone should finish their necessary expenses and not waste them and focus on savings.

[Makus]

Saving is difficult to many , because our earnings are not the same , to some persons their expenses is even higher than their income , and from that income you have so many bills to pay, some even end up in debt, before they can do a tangible thing like acquiring a property, then they pay little by little from their salary, such persons saving will be hard , and for those who are lucky to have a good job that pays well , you can as well save from their , but I don’t advice you save in the banks , where your money will be used for investment without any profit , it’s best you save in Bitcoin .

You are right, saving is difficult for those that are not really earning a lot of, there are those that are now Even earning at all but they still make plans to invest, That's the reason why a little of people stopped being consistent with their investment. saving is.good but but it is better to invest because this is going to increase your chances of making profit. Asides Bitcoin you can invest and take advantage of other things as well, a lot of people think that Bitcoin is the only way to become successful but it takes time and discipline