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.
There are several solutions that could help you address this issue:
1. Look for part-time jobs or freelance work: Even if there are limited side hustles in your country, there may still be opportunities to earn extra money through part-time jobs or freelance work. Consider offering your skills or services online, or look for part-time work in your local community.
2. Start small with investments: If you have a little bit of extra money, consider starting small with investments. Look for low-risk options such as savings accounts or certificates of deposit, or consider investing in a low-cost index fund.
3. Focus on building an emergency fund: If you're not sure whether to invest or save your money, consider focusing on building an emergency fund. This will give you a financial cushion in case of unexpected expenses or emergencies.