Quote from: Litzki1990 on May 11, 2023, 09:30:03 AM

Quote from: Marcellin9 on December 14, 2022, 12:05:31 PM

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50 on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

A man can never accumulate as much money as he can save without saving. In the area where I live, some relatively poor people save some money as a few members every month for a particular festival. Eevery month they make a rule to save that money, after a year they divide the money equally among all, as a result of which it can be seen that at the end of the year they accumulate a very good amount of savings and the festival they save is very good.
I can observe That is, I liked their communication medium very much and then I realized that it is possible to accumulate a lot of money by saving.

In your case also, if you save a part of your monthly salary, it will be seen that after a certain period of time, you will have accumulated a lot of money in your savings account.

Saving is part of my life and I have never seen it as an impossible task that needs to be done with efforts. It just flows so naturally in my life so of course, I have saved a lot of money over the years. What most people don't understand is not the amount of money that one can save, it is the discipline that guides me to save that really makes me feel great. I hope more people will understand what I am talking about.