You can still save even when you're broke

[CeeJay1]

saving can be a good source of defense in an emergency situation or unexpected situations.

so if you Haven't started yet it's never too Late to begin.most important thing is that setting budget reducing expenses and putting a portion of your income into a saving account will help. your saving will grow over some time and you will be able to handle whatever challenge that comes your way.

Saving for the future is important, so you should have a savings strategy in place. How much you need to save depends on your goals—whether that's saving for a house, retirement, or a car. The sooner you start saving and investing, the more time your money has to grow.

You need to focus on your savings before you start spending them on things that are not important. These things can wait until later down the track when life isn't as financially stressful (or if they are really important). But don't forget about yourself! Make sure that some of what's left over after paying bills goes towards fun activities like going out with friends or taking up a new hobby like yoga classes or swimming lessons. Just make sure it doesn't become too much of an expense!

 

[moonchild]

I don't think it's possible when you're broke, if you don't have a source of income it's your fault, there has to be something you can do in your city today to make money, the reason why most people say they're poor and can't get saving is because they have ego.

Shed it and get yourself to work, you'll probably make enough to have savings, your first goal if you're broke and you want to have a savings is to get a job, it could be anything and you'll be able to have money and then think about saving, but you can't save as a broke person at all.

 

[SHAHID123]

I don't think so these all are as easy as it sounds. Especially when someone broke, how can it possible that he will save money. We all know that we need to cut down our expenses and must save some money, but the fact is here due to all time high inflation it become much more difficult to survive. I used to save money on monthly basis, but at this time I am hardly able to meet my expenses. Just before writing here I was calculating my monthly expenses. I am surprised to see that we are moving 10% negative every month.