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 actually relate to your situation right now but for me you should prioritize first your studies and save money little by little, as we all know there's so many fees in school and we have to pay in order for us to continue our studies. putting your savings in investment is not actually a good idea as a student, it's up to you taking risk decisions but you should know the possible outcome too.
Saving in investment is a good idea for students because it can made you aware on how to have discipline while doing your studies also the better approach on this is that he is just turn between the two for the purpose, it is better he should start saving now regardless of the purpose and as the time goes by he will then discover what is better, just save it that is difficult to get like a piggy bank and if it is already accumulated overtime then that is the time he will decide if it is for investment or not.
saving or investing is something that is done after fulfilling all needs and desires, when you have more money after all that is fulfilled then deciding to invest is the right choice for a better future, that applies to anyone young or old the difference in terms of investing and saving because everyone needs it to live better in the future.
even though it's a good thing but something must be prioritized before doing that, and I don't agree with people who refrain from all desires just to invest.
Investing can be done if our lives are guaranteed, at least we already have savings for the next 1 year of life, so that we can raise money to make investments, in ongoing investments there will be no financial difficulties to meet our daily needs. this is closely related to psychological problems to hold on in the long term. a common mistake is that people force themselves to make investments, and when there is difficulty with money to make ends meet, while the investment is still in a floating minus, and eventually it falls apart. the thing to remember is that we invest, means ready to hold in the long term