Quote from: stomachgrowls on Today at 03:34:39 AM

Quote from: doomloop on February 13, 2024, 11:24:52 AM

Quote from: tyz on February 09, 2024, 06:33:27 PM

Quote from: sekalitas on February 09, 2024, 02:54:23 AM

I've observed a common trend among people around me prioritizing spending over saving. They often spend their income on immediate wants, like frequent cafe visits, leaving them with little to nothing for saving at the end of the month. This suggests that the issue might not be an inability to save, but rather a choice to prioritize immediate gratification. Unfortunately, this can sometimes lead to lifestyle-related debt.

Interesting, that's exactly what I recently observed in my environment. During Corona, many people saved money because many governments set up support programs and people couldn't spend their money. Now that the pandemic is over, people are craving life and consumption again and are spending even more than they did before corona. In addition, the economy is still stable in many countries, so many people feel they are financially secure. By the time the next major economic crisis hits, this will level out again and savings rates will rise again.

Different ways for different people living in different regions of the world. Some overspend because they can afford to do it and they have economic security because of their government. On the other hand, some are compelled to spend more than they may earn because of economic situations and increasing inflation, in such countries and regions, people barely earn enough to be able to fulfil the monthly expenses of their household and are compelled to borrow money now and then.

Situations are not the same for the whole world, which is unfortunate. This is the biggest reason why a lot of people migrate from one place to another, it's only with the hope that they might get a better life if they get out of the current situation.

This is true on which there's no way that we could really be able to make out those kind of conclusions on why other people cant really be able to save up.Just like me into those previous years on which i dont
really have the time or situation that i couldnt be able to save because of too much expenses or being that negative with my salary which i do even have debts or loans on which it would really be impossible
for you to set aside some amounts for you to be able to save up.This is why we cant really be able to judge someone on what are the challenges or things that they do face in life for them they cant be able to save.
What if you do really want to save but due to those real life situations then you cant be able to do so.

This is why on the time that you do have that kind of opportunity on saving up then it would really be that best that you should really be doing that
so you would really be able to make yourself having those possible back up funds for emergency and for some investment purposes.

Nobody's blaming anyone. Life delivers curveballs, and sometimes you just need to sidestep them, not hit a home run. Excuses don't grow savings accounts; actions do. Not having too much money at the end of the month; priorities. You can't save? Increase your expense scrutiny. Something can always give. Yes, those self-indulgences we think we deserve. The truth? You deserve more money freedom. Start small if necessary. Extra change adds up. Discipline, not rocket science

You shouldn't splurge when the tides flip, which they will. Double your savings with this golden ticket. An emergency fund? Check. Investment? Next up. It's about making money work for you, not making money. Please be honest about where your money is going and start steering it