Quote from: ovcijisir on July 14, 2025, 09:05:25 AM

Quote from: Cryptmuster on July 14, 2025, 08:05:14 AM

Quote from: junder on July 14, 2025, 07:42:59 AM

Managing finances is indeed something that must be done, especially when we already have an income. Having an income doesn't mean we can spend it carelessly; we should consider it carefully before spending. Most young people today, even when they have jobs and income, only save a small amount. Most spend it on things they want, even if they seem insignificant. This happens because today's lifestyle standards are high and they can't put aside their egos.
In my community, quite a lot of young people are in debt from online loans. From what I've observed, this is because they want to fulfill their high lifestyle, such as buying an expensive cell phone. Even though they don't have enough money, they force it, and one way is by taking out an online loan.

The worst thing is that this forms their habits from a young age. They do not learn to save more, they learn to get what they want right now. Even if they do not have enough money for it, they are ready to take loans and buy whatever they desire. After they get a new toy, it quickly stops being interesting, but the debts they took to get it stay with them for many years. Then they buy something else, and then something else again. This way, they turn into perfect consumers, but at the same time, they do not know how to build capital to achieve financial independence in the future. This is a very bad situation, and it happens because young people lack financial education. It is something that should be taught from a very young age.

Even though habits of saving money are important it is also important what is done with those savings. If one saves in fiat currency, those savings are worth less and less every year because of inflation that devalues the money. In my opinion it is important to invest in things that gain value over time, like bitcoin or gold, and keep fiat currency savings enough to cover unexpected needs. The balance between types of savings is the key.

So here recently in our country does have these things:

Explainer: 20% tax on interest income from bank deposits under CMEPA
CMEPA and the 20% tax: What it means for your bank savings

It do SUCKS!

Come to think that you've been trying out to take up some savings and now they've been that trying out to get or impose that 20% tax on your life savings on which you can definitely say on where they do find or look up such idea? What are the things that they've been trying out to have meeting on on why they do end up with such decision? For sure there would be some huge mass protest in regarding on this one because if we do tend to look with those numbers then it is just that too much. 12% is considerable but having that sudden jump on 20% plus on which it do includes your life savings? Where they have that gotten such idea.
For sure it would be that revoked or there would be some reconsiderations on this one specially if there would be tons of people that would be going opposite into this situation. If you are that someone whose that been keeping on trying out to save fiat into your account then this would be that a bad news for you considering about into those deductions. You would be rather thinking that you would be wanting for those funds to be that be used into other means rather than on spending or being deducted with 20% per month on taxes with your savings on which it doesnt make sense. There might be some other areas that you should put on but they should have excluded out those savings. They've been that becoming that too tight when it comes on imposing laws which actually we cant be so sure whether this would be ending up on something beneficial or positive. Come to know and think that this country does have that known image about being a corrupted country. Actually it would be just that fine if there would be those kind of deductions per month but make it sure that its something that would be used up on the right way and not ending up on being that those funds will be at their pockets.