Quote from: BRINIRHA on June 07, 2023, 08:32:15 PM

Quote from: Negotiation on June 07, 2023, 08:38:17 AM

Quote from: capedbaldy on June 06, 2023, 08:27:46 PM

Quote from: uswa56 on June 06, 2023, 11:50:48 AM

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

We have to try to apply for new jobs to earn extra income when we are still productive for any job, we have to take advantage of our young age to work hard for savings needs because when we are old we are no longer able to work and have to rest a lot to maintain our health. Many people do not prepare themselves for old age so that financial management is not organized because they have to work hard at old age.

The prevailing pattern of society is that middle income people save more. And for exactly the opposite reason, low and high income people save relatively less. High income people have high consumption and investment rates, so savings are low, and low income people face a challenge in daily living. But you are right, no one can work in old age they need rest. That is why it is important to save something for the future at a young age which will provide security in old age.

Making preparations early from a young age is indeed a step that we must take if we want to get financial comfort in our old age. It's just that not all people can do it. such as low-income groups for example. usually the income they get is just enough to cover all basic needs. And to be able to save, they usually have to work extra to get additional income. And this can indeed be done if we have a young age and a healthy body.

So it is true that we should make the best use of our youth to work hard and try to increase our level of financial well-being. And prepare for old age by investing more in safe assets for the long term. have savings for a reserve fund and the rest i prefer to invest it. because with investment we can see our assets continue to grow by themselves. an example is in land property investment and the like.

Since we didn't have time to get financial literacy ourselves, it's worth not repeating the mistake and teaching it to our children.

Financial education should, in my opinion, be compulsory in elementary school, like arithmetic and English

Without it it would be difficult to live in the modern world... In fact, we are now seeing the result of the lack of financial literacy of the population - unbridled consumption, buying unnecessary goods and things, as well as the reckless use of credit ... So we teach our children, save them from problems in the future!