Saving issues

sincerem

Active member
Do you know, lots of people finds it so hard to save money?? Yes majority fall short of saving a dime from what they are earning every day online and offline. Some will earn more than $1k a month, but won't still save up anything. But when the future turns around to back fire him, he will lament bitterly that enemies are behind his down fall. Not knowing that he plotted his own downfall by not saving much when the money was flowing on a large quantity. No matter the circumstances we find ourselves, we should endeavour to save at least 10% from what we earn weekly or monthly. The reason why we save money, its because of future challenging issues, unforseen circumstances, and future benefits too.
 

Josemendez

Active member
The fact is that saving takes determination ,which is strengthen by having a goal or need to achieve by saving.
This why most people will also desire to save ,but in the end they won't be able to save because they don't have a goal for saving, which prompts them to save.
There is a rule that is called the 50-30-20 rule , where you have to spend 50% on needs , 30% on wants and 20% on savings . I think following it well , will help someone to save and at same time live a good life.


As for those who are extravagant , time will come when they will came to regret their actions.
 

sincerem

Active member
The fact is that saving takes determination ,which is strengthen by having a goal or need to achieve by saving.
This why most people will also desire to save ,but in the end they won't be able to save because they don't have a goal for saving, which prompts them to save.
There is a rule that is called the 50-30-20 rule , where you have to spend 50% on needs , 30% on wants and 20% on savings . I think following it well , will help someone to save and at same time live a good life.


As for those who are extravagant , time will come when they will came to regret their actions.
You said wonderfully right, I love such rule of 50-30-20 rule. That outlines, one spending 50% on needs, 30% on wants and 20% for savings, Lol. That's wonderful, if one can save such wonderful amount of cash every time he earns through his or her income streams both offline and online. It will really help a lot to plan for the future and set things too in the future. Cos life tomorrow matters a lot, we shouldn't spend all at once just as you illustrated. We should keep remainder, those that failed to save up dime in the future will regret it, cos they will always say, 'had I know. And that time will be too late for them to make amendments. Now that one is younger and with no much responsibilities to carter for, is the best time to save more money for future investment.
 

Donkiz

Member
Saving money is one of the hardest thing to do especially if your income is low. Some people cannot save because their income is lower than the needs that they are expected to take care of. In some cases people spends a huge part of their monthly income on pressing responsibilities even before they get the money. While there are another set of people that are unable to save due to reckless spending and financial indiscipline which is as a result of lavish lifestyles.

For you to have financial freedom and be able to save without stress you need to have different source of income and also need to be discipline financially.
 

Alexandoy

Member
Saving money is easier said than done regardless of how much you are earning. We have our regular financial obligations and also the unexpected financial obligations like giving a donation for a sick relative or friend and worse when there is death. I have been in that position before so I know that it is not easy to have a fixed monthly savings because of the volatility of the expenses. As they said expenses sometimes come like rain they are one after the other in siphoning our extra funds. Fortunately I have been in control of the extra expenses so my savings is stable.
 

sincerem

Active member
Saving money is one of the hardest thing to do especially if your income is low. Some people cannot save because their income is lower than the needs that they are expected to take care of. In some cases people spends a huge part of their monthly income on pressing responsibilities even before they get the money. While there are another set of people that are unable to save due to reckless spending and financial indiscipline which is as a result of lavish lifestyles.

For you to have financial freedom and be able to save without stress you need to have different source of income and also need to be discipline financially.
You got it right, for one to save up something worthwhile, he or she needs to be financially disciplined. Spend with caution, and not carelessly spending money without control. I don't see why people will be spending money lavishly without adequate planning for the future. For one to live suitable and take care of other future needs, he or she must start early to save and have plans for saving. Corona virus have taught me a lot in life, I now save alot, knowing too well that future might still be fazed with unprecedented issues like this too. So I start early one to save small small pennies, knowing with time it will increase.
 

sincerem

Active member
Saving money is easier said than done regardless of how much you are earning. We have our regular financial obligations and also the unexpected financial obligations like giving a donation for a sick relative or friend and worse when there is death. I have been in that position before so I know that it is not easy to have a fixed monthly savings because of the volatility of the expenses. As they said expenses sometimes come like rain they are one after the other in siphoning our extra funds. Fortunately I have been in control of the extra expenses so my savings is stable.
Okay, your reasons are good, it is hard sometimes to save when one is fazed with such unprecedented time of losing a love one through the cold hands of death. It slows down ones plans to save up considerable amount of money. Challenges flows like rain sometimes as a surprise, no one planned it at all. We are living in a world full of uncertainty, unexpected circumstances may arise, causing serious troublesome time that needs money to be solved. That's why we pray to our God, to make any unforseen things that tries to hinder our progress not to surface, so we can save up better in the future.
 
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