Quote from: og kush420 on May 29, 2023, 05:23:47 PM

Quote from: DrBeer on May 29, 2023, 10:42:33 AM

The topic is interesting and necessary - the formation of a financial cushion / reserves for the implementation of some plans.
And the model is not bad. Although I would add as one of the mechanisms of achievement - this is the rejection of bad habits and unnecessary purchases.

But what I do not agree with is to evaluate in a specific amount, for example, dollars. Different countries have completely different living conditions. And somewhere 3000 dollars a month is a small salary, in other countries it is an unattainable amount.
Therefore, the correct estimate is the percentage of income, and probably some coefficient, linked to the average acceptable level of income in the country. Then you get a realistically calculated level of monthly deductions to achieve some goal. And comparing $300 for the Congo and Switzerland, for example, is a useless topic.

you are right Dr Beer
we must all know how to save money and that too at the early age. Over spending is not a good thing
now parents are trying to make their kids more practical
they are trying their kids to learn new skills

One of the problems of modern society is the unreasonable waste of money, for things that do not really solve any noticeable problems or tasks for us.
This "habit" has developed over the past 10-20 years. There are a lot of "fashionable" things that everyone thinks is "prestigious" or "revealing". Marketing and advertising - they constantly say "buy, buy." And here another problem makes itself felt - the low financial literacy of the population, and first of all the poor or close to it. The problem is that they are trying to change their status with such a purchase ... And the basis of the problem is self-deception, it does not give any changes, except for increasing costs. People from a financially more developed society, who understand what money is, its value and the ability to manage it, restrain them from such unreasonable spending. Although there are people who spend money without thinking too much