Quote from: deathcode on March 25, 2023, 07:24:53 PM

Quote from: mulia sabee on March 25, 2023, 06:57:34 PM

Quote from: FireDAOJackie_Z on March 10, 2023, 05:52:58 AM

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?

We all needs money to meet up with the daily demands but not everyone can maintain the habit to save from the little they have for the future, the mistake we made most times is that we have expect things to be running as usual for us since we had it all going well as at that time, but things are not permanent sometimes especially when dealing with money, situations changes but what we have save up will always serve our backup whenever we experience the unexpected.

It is true that if we have accustomed ourselves to always saving for the future, sometimes there will be conditions that make our savings funds withdrawn and drained.
Even though we are used to saving, if we can't control our lifestyle or can't sort out which is more important to buy or fulfill, then our money will always run out and even savings will have to be taken away.
Then regarding the problem that was conveyed by OP, in my opinion we really have to have a backup plan because if we are still workers or laborers in a company then we cannot continue to rely on that because one day the company may go bankrupt or we may even be laid off.
Maybe while there is still time we should think about a side business by selling or creating a small business which will be a temporary way of survival if something unexpected happens to our main job.

Savings will be used or you have to take it if it's urgent, no one can predict the future.
I think reserve funds and savings are the same, savings are the reserves of money that we have for emergencies, working to save is a must that must be done by everyone facing difficult times