Post
Topic
Board Economics
Re: How to save successfully?
by
Yablee0
on 25/09/2025, 16:01:44 UTC
Now my question is, why do a lot of people complain that saving is too hard for them?
You can only say saving money that will be later use for your future purpose is hard only when you as a person is well ready for it, because I know determination in life conquer everything.  Once your mind is made-up, you have seen every reason you need to keep money nobody will tell you, you your self will do the needful.



Quote
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?
Of a truth inflation it self has a negative way of affecting one's saving ability because when their is inflation the value of money fall automatically, if for instance you have been earning the some of $50 in a week to manage with your family then after sorting out all necessary bills you still have some left over cash that you may have likely keep as your savings, but inflation can depreciate the value of that your $50 and that money might not even be enough to fix your weekly bills talk more of saving money.  So in ensence one's ability or chances in saving money in times of inflation is very tinny unless only the bold can make their way out of it.