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Quote from: kamilah147 on May 08, 2022, 04:34:50 PM

investing is the same as saving, now crypto provides the best opportunity for those of us who save money in a bank or in a home safe to take the option of investing in crypto. money invested in crypto can work for us, and can grow more and avoid inflation in our country. Saving for today for tomorrow's needs is a very good financial management, there is no need to splurge if tomorrow is not clear about our financial income.

Yes, it’s good to save for tomorrow’s needs, but you have got to have really good plans. You don’t just be saving money simply for tomorrow’s needs, because you’re just going to end up spending your savings on needs that would probably be leading you to nowhere. I make savings, but I always have plans, such as my business and ways I am going to improve. You need think ways to invest your savings so that you will be able to make more and steady income. That’s the reason for savings.

When it comes to savings and real needs I still go the old way of managing my current finances. when i get money i make multiple allocations and the one i often use is method 50,30,20.
when I get my salary I save 50% for my daily needs to save my life in the following days, 30 percent for my personal desires and 20% for savings.
when talking about the needs on the other day, actually there was already an allocation of 50% there because that was the initial thing that had been prepared.
as for saving the concept if there is something urgent or for purposes in old age.
when you save only for tomorrow then maybe you need to re-manage your finances

From your explanation of how you manage your finances, I think it's quite inspiring for me to follow, because the amount of the allocation of
funds that you specify for me is quite reasonable. Indeed, in living our daily lives most of our income is used to meet daily needs. So it's not
surprising that we must at least allocate 50% of our income for daily needs. Most importantly, we should not be short of money to meet our
daily needs. If our daily needs are not met, then something is wrong in managing our finances. Everyone certainly has a personal desire to
entertain ourselves from the stress of work that we experience. So there must always be an allocation of funds for us to spend on personal needs.
But I think 30% is too big for personal use, for me 10% for personal needs is enough. So the remaining 40% I suggest is divided into 20%
for savings and 20% more usually I use for investment. With such a financial arrangement I am sure my future can be bright.