Post
Topic
Board Economics
Re: Save while young better than wait
by
ancafe
on 13/02/2024, 02:59:19 UTC
but for some people it is difficult to do in developing countries the difficulty of employment means that young people may have to support their parents and families, so their opportunities to save are very small.
they work a month and the money is only enough to support their living, there is nothing left to save/invest.
We should not follow other people in creating savings preparation schemes and as much as possible we should find ways to do it. The difficulty of getting a job is a fairly basic problem, people do not have a stable source of income and expenses, which affects the savings patterns they adopt. If at a young age we are unable to save, it will be much more difficult for us to implement it when we have a wife and children because the expenses will increase.

The small salary from work can only cover the necessities and it will be much more difficult to make a portion of savings in such conditions. The way to increase income and reduce unnecessary expenses so that people can save in an amount that suits their abilities. If you don't start now, the expenses will increase day by day, making it much more difficult.