Quote from: jamkesmas on February 21, 2023, 02:55:08 AM

Quote from: fuer44 on February 21, 2023, 02:44:34 AM

Not a wrong concept in saving, but their goals are different. There are those who save for the short term, for example saving from spring to meet winter. Some are saving for the long term, for example they are preparing for their old age. It doesn't mean money can't be used, even if there is a emergency need, the savings will definitely be used if the monthly spending money is insufficient.

Do not prioritize saving before spending. Some people may think that saving is an activity that is carried out after meeting all monthly expenses. In fact, saving should be a top priority before spending money for other purposes. In this way, you can determine the amount of money to save and only spend the remaining money after saving.
Do not have a clear savings goal. Some people may save without a clear goal or just save because they are used to doing it. In fact, saving must be done with a specific purpose, such as to prepare for urgent needs, to pay off credit installments or to buy something in the future.

Well, as you know that saving is for the future especially for urgent needs. But if saving comes first instead of spending monthly, what if the monthly spending is less? Take from the savings earlier? I think monthly spending must be determined (only basic needs such as food, drink, bath, electricity and transportation) after which the rest is saved. Tt doesn't mean that we spend monthly money shopping for certain items so that the money that has to be saved is small, but shopping according to needs after that the remaining money is to saving.