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.
I can understand that being a student today is not easy, especially in terms of finances. However, I want to emphasize that saving is an important step in managing our personal finances. Saving is not a wasted act, because it helps us prepare an emergency fund and helps us for future education costs.
If you're finding it hard to save, there may be a number of ways that can help. First, try to make a budget and find out where you can cut your expenses. Maybe you can reduce the cost of food by cooking yourself, or find a cheaper alternative to transportation than using a private vehicle. In addition, try to find a side job, even if it's difficult because in your country there are difficult job vacancies, but there's nothing wrong with trying to find something more suitable for your study schedule, such as tutoring, writing articles or looking for a side income online like in this forum. After you have saved and still have money left over, then consider investing in bitcoin.
Because managing personal finances is all about understanding our personal financial situation. So, make sure that the financial decisions we make are in accordance with our personal financial situation for educational needs and for investment.