Post
Topic
Board Economics
Re: Cracking the Code of Saving Money...
by
stomachgrowls
on 23/11/2023, 18:37:33 UTC
We all want to save money, but it's not always easy.
There are so many things that tempt us to spend, unexpected bills that pop up, and it can be hard to make ends meet.
How do you manage to save in a world that encourages spending? Let's talk about it.
Share your ideas, tips, and stories about saving money, and together, we can figure out how to get better at it. (We will also draw valuable lessons from the mistakes and experiences of others.)

One of the effective ways to save up money is to have control and discipline its useless if you want to earn money but you are one of the impulsive buyer that once you see is you want to immediately bought that thing and also one of the major factor is the lifestyle inflation this is one of the top reason why people cant save money because they have now a large amount of money and of course their lifestyle increase too they keep spending a lot of money buying foods, clothes and other wants because they can now "afford" unlike before and they keep thinking that with that large amount of money they can earn again or get paid again. Still ideal to use the system of 50-30-20 or even the 60-20-20 it depends on you how you manage. Its better to save than nothing not all things were in favor in ours there's a time that we will experience the life of chaos.
In my opinion, saving is very necessary is life if someone wants to enjoy his life and he want to be safe for future. Any disaster can happen at any time,no one knows the future and future can be worse than today better than today. But one should remain  his feet in his cloak . Because there are many people who are very poor than us and there are also many people who are very richer than us. One should see a person who is low than us ,we need only two time food to stay alive in life. One can save his money by select a fixed amount for future. It depends on one's income. If someone is job holder ,he should  separate 25 percent of his income. This money will help him in worst time.
You would really be only seeing the relevance of savings on the time that you are on a tough situation but if you arent that experiencing any difficulties then it would really be your least priority on which
its never been that recommendable on doing so. Not in our entire life we wont really be experiencing some emergencies knowing that certain  situations do really happen unexpectedly
specially for emergencies on which it is really needing up that huge amount and it is really that indeed normal that we might be able to fell short with the money that we do have.
This is the time that you would really be trying to see if you have something money left on your bank account or on your own pocket but if you dont see one then this is where you would really be
having those regrets and murmuring that you should have made out some savings.

Life situations do really make out those life lessons on which we might not that all experience this but probabilities are high.So never ever make yourself
neglect out on making some savings because one day it would really be helpful on your part not only on emergencies but also in
investment opportunities too.