Quote from: ancafe on Today at 02:59:19 AM

Quote from: GreenStox on February 12, 2024, 06:21:53 AM

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.

In my opinion, the problem is with work and income. The difficulty of getting a job nowadays is real, many young and old people don't work because there are no jobs, even though there are jobs, sometimes they require difficult conditions, such as paying first, even though if we think about it working is the goal. to make money, but instead you are told to pay a large amount in advance, if you really have to pay like that, why don't you just deduct it from the salary you will make in the first month of work, sometimes that annoys me I don't know if this only happens in other countries. me or it also happens in other countries.

It's true what you said, if at a young age you can't save even though you already have a job, it will be difficult if you already have your own family such as a wife and children, because of course kitchen needs will also increase especially with children, expenses will increase too. Indeed there are still many people or people who spend their money on things that are not very important, so that it affects their finances. The thing that must be paid attention to is this, reducing unnecessary expenses. So it's possible to save money even with a small income. What's also important is good money management. Even if you have a large income, you can't manage your finances well, so it's possible that the income you generate could run out and end up somewhere.