Being a student is so hard nowadays. I've been spending a lot for school requirements and different activities related to education. I'm stuck with this saying "SAVING IS WASTING", thinking that with the little amount of money I have, should I put it on an investment or should I just save it for my future expenses or emergencies. I'm also living in a country in which there are limited side hustles I could do to earn extra for investment, so I'm troubled somehow.
Given your limited income and limited opportunities for side hustles, you may want to focus on building an emergency fund. This can provide a safety net for unexpected expenses, such as medical bills or car repairs. Aim to save enough to cover three to six months of living expenses, if possible.
Whether you choose to save or invest, it is important that you must have a plan in place for your finances. Consider creating a budget to track your expenses and income, and prioritize your expenses and savings goals based on your current financial situation. You must remember to be patient with yourself and your financial situation. Building wealth takes time and effort, but with dedication and planning, you can work towards achieving your financial goals.