Post
Topic
Board Economics
Re: Save while young better than wait
by
ancafe
on 14/02/2024, 19:53:01 UTC
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.
Young age are usually more careless when it comes to saving and their habits are more likely to be extravagant when they have money, this is something almost many of us feel and maybe we are also in that condition. Age maturity in making choices usually depends on mindset and upbringing because this is shaped by parents and the environment. Trying to save expenses when you are young to develop any business is a way to make the road easier and when we are ready with stable finances then life will be better. The younger generation needs to create strategies for financial development problems and this strategy is difficult for the younger generation to achieve because they may not have responsibility and are too ignorant of the things that need to be done.

After getting married and having children, the problem of saving will become more complicated because we need to spend more and if we don't start at a young age, it will be difficult for us to reach a better stage of financial freedom. Forcing yourself to start saving is not a problem because it is for the future and requires careful preparation for us to achieve what we want.