Quote from: Questat on Today at 12:27:53 AM

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

Pray you don't have to be faced with an unprepared problem that adds to your responsibilities which you can't shy away from, thereby making your expenses weigh beyond your income. Perhaps by then you may understand why some people are unable to really have savings, and not that it's always because of inflation.

Quote from: pooya87 on Today at 06:56:21 AM

Quote from: Questat on Today at 12:27:53 AM

Now my question is, why do a lot of people complain that saving is too hard for them? Well reality hits that inflation is inevitable, but does it mean that people can only save if there is no longer inflation? Or is it that people actually adopt the wrong mindset towards saving their money?

It depends on the person and their situation. There is no single answer to this. For example there are some people who have high unavoidable expenses, like those with a certain illness like cancer, diabetes, etc. that requires treatment that sometimes is expensive. Maybe they have a child that needs it, and so on.
These people, not only can't save up they sometimes have to borrow more money.

But generally speaking to save and improve one's net worth one should do two things: (1) increase income (2) decrease expenses.
We all waste money on something we don't have to. Some people have bad habits like smoking, drinking alcohol, etc. that are harmful to their health and giving that up would not only improve their health but also would leave some extra bucks in their pockets. That is the decreasing expenses part.
The other thing is obvious, people can take additional jobs to make some extra cash.

In the end, saving is only part of the equation. People need to invest their fiat into something that is considered store of value so that they can maybe even make profit. Something like gold or bitcoin.

There's this popular saying in my local parlance which states that "a person facing less or nono big responsibilities and is able to make savings will assume that he's good at saving and others without savings are not". The truth is that there are people bugged with lots of responsibilities they can't run away from and they have to face it as a man by nature and this makes them unable to save a penny whenever they receive pay.

I had a friend who dad got engulfed by fire accident earlier this year and was burnt badly, the hospital bills fell on this guy and week after weeks he had to pay for his dad hospital bills so he can be getting his treatment nonskipped. At same time he has some family needs waiting from kids school demands and so on. Out of empathy for all his troubles I had to give him some funds telling him to pay back when he can. Till now he has being able to pay back the full amount.