Quote from: Jody.Drummer on May 16, 2024, 03:38:06 PM

Quote from: Dr.Osh on May 16, 2024, 01:47:29 PM

however, this is also included in financial arrangements. Bad financial management will result in poor financial conditions. We do need to fulfill basic things such as paying for basic needs, saving, and so on. However, we also need to think about investment strategies. This will really help us in the future when we have no source of income. However, all aspects of finance are very important, we need to learn the basics so that we can meet all the necessary needs now and in the future.

That's clear, if you don't manage your money well then it will be difficult to save even though you have to. In general, people who don't have a job or income, maybe it's still natural that they can't save unless they force themselves to save by setting aside their pocket money. which he got from his parents. However, for those who already have a job and already have an income, they should be able to manage their finances well by being able to meet their basic needs and set aside some money for savings, even though there are those who only work for barely enough wages to meet their basic needs but don't there is no harm in trying for better results.

that's true, indeed investment can help us in the future, because investment can be done if you already have a good understanding, unfortunately only certain people do this even though they already have more than enough income but if they don't have the feeling to invest then don't If this happens, maybe they would prefer to save it in the bank, but that is also pretty good money management.

Everyone can't have savings and the reason is as you have mentioned, not earning enough money. A person who barely earns enough money to survive a full month can't set aside an amount from it for savings because you can't save money when your family is starving for food. Such people often borrow money from others to fulfill the basic needs of their family by the end of the month because their salary doesn't cover a full month.

Having savings is a privilege, someone who earns enough money to fulfil the basic needs of their household and still have some money left behind for savings is lucky because we live in an era where many people barely survive with the money they earn from their jobs which makes them do overtime or try to have multiple sources of income to fill the gaps.