Post
Topic
Board Economics
Re: Try to save money while you still can, will you ?
by
mamesso
on 06/06/2023, 04:13:42 UTC

Well, the inflation in my country now is not extremely high but has already damaged the economy. The cost of living is increasing and does not seem to stop. Last week one of my friends lost his job after working in the same company for a decade. His life abruptly changed, putting him in a place where he could not support his family. If you were him, how would you survive this tough time ? As a friend, I am trying to help him as much as I can and meanwhile, I am planning to save more money to prepare for the unexpected challenges in my life. What about you ?
He was able to stay in one job for a decade, being able to stay in the same company for a long time showed he was well paid. After he lost his job his life immediately changed, this shows he has no savings after working for so long. I don't want to blame your friend for the problem he is currently facing, but he has forgotten one thing in his life, namely saving part of his salary.

No one can predict the cycle of life, that's why savings are really needed as an alternative that can lighten your burden when you lose your job. Other people are only able to help as much as they can, the rest they can only provide moral support for your survival.