Post
Topic
Board Economics
Re: Saving is Wasting?
by
Gladitorcomeback
on 28/04/2023, 04:27:30 UTC
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 is no doubt that it has become extremely difficult to get an education these days.Because the cost of education has increased so much that not everyone can afford to get a good education.Those who have a lot of money are not worried, but those who are financially weak are in trouble.But I have also seen students who do their studies in the morning time and work in a second time somewhere or make their investment somewhere and meet their education expenses from there.If you have money, you should invest it in a small business, a small car as a texi,Or do something that suits your area , and second time after your morning study, you should give time to it.In this way, you will be able to cover your education expenses with your invested money and will also help you to increase your earnings.

You can also invest in crypto currency but the biggest problem you will face there is that you may face loss while withdrawing your money at the time of need.Maybe the cryptocurrency you bought has already depreciated so I wouldn't advise you to do this.Because in cryptocurrency you should always use the amount that is more than you need and you don't have to withdraw that amount when you need it.

So invest your savings in a small business and use your expenses and savings from there.