Quote from: sulendra12 on February 28, 2024, 10:58:06 PM

Quote from: Youngkhngdiddy on February 17, 2024, 09:19:27 PM

To cut the story short, I’m advising mostly the young people of our generation to save, avoid unnecessary spendings and save even if it’s so little, cause you might find yourself in a situation tomorrow and you wouldn’t want to call home or ask for help, cause you have a second choice, that means you are literally getting yourself out of a problem. So please it’s not too late to stop spending on things that doesn’t really matter, so basically the money you saved today could literally save you tomorrow.

It's always a good idea to save your spare money. Who knows you might need that money for future or even emergency funds. Having a list of what to spend and have a good expense would really beneficial especially when you are young, the consumptive behavior is slowly killing Gen Z people and if you are not into that then you should invest into gold or crypto and save your money for your future although be aware of the risk.

The idea of saving is good for our finances in the future but don't just focus on saving and saving, focus on making more money. Logically, we might be able to save money until we don't engage in consumptive behavior, but if the money we earn is only that much, when there is a very important need, we end up using the money we saved from saving. In contrast to people who find it easier to earn a lot of money, apart from being able to meet their needs, they can also save and invest.

So in essence, it is very important that when we are young and healthy, we have to look for lots of opportunities to increase our income so that the income we earn can be allocated to saving and investing. Because investing will bring financial freedom in the future, while saving does not change anything, especially if we save in the bank our money will decrease in value due to inflation.