How to save successfully?

[BlackBaron]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

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?

In order to reach the point of saving successfully you have to cross the line between only living in the moment for today and starting to plan what will happen tomorrow. Sometimes this is driven by factors outside of our control, if we can barely cover all our bills every month and are only left with a few dollars to spare which you should really use to treat yourself, then you simply don't have the capacity to save - you should definitely review all your outgoing and see if you can increase your income, but you might not be able to do that. When you do have a small margin each month, you should really start to think about creating savings because it can give you incredible peace of mind in the longer term.

Good planning must be done, so that we can know how much we have the ability to save. We have to accumulate certain expenses every month, such as paying bills, for kitchen needs and so on. Well, even though there was an unexpected budget, at least it didn't surprise us too much.

So the problem is that when our income is less than our expenses, it will definitely be difficult to plan our finances. If that's the case, then we have to have another plan to make us have additional income. Because if left unchecked, we will always be in a difficult situation and might end up digging holes and closing holes.

[Republikcoin.com]

Brother, I specifically commend you for your efforts towards the topic on savings gradually for future utilization. It is important to save funds for present and future utilization. This is possible if we really understand the need for such practice. The truth is that saving money helps to save the future's troubles. It is important to save little by little of what we earn every month to garrantee the future.

Saving is indeed important for maintaining our own lives, but everyone also needs to be mindful of what they're saving. Because if we only save fiat currency for the future, I believe our future will not be secure, as the value of fiat currency itself can still be defeated by inflation in every country. Therefore, we all still need to consider more appropriate assets to save and make our savings a future savior that will generally be less affected by excessive inflation. Therefore, saving shouldn't be done carelessly if the goal is to create a brighter future for ourselves.

[cxtreenal]

Brother, I specifically commend you for your efforts towards the topic on savings gradually for future utilization. It is important to save funds for present and future utilization. This is possible if we really understand the need for such practice. The truth is that saving money helps to save the future's troubles. It is important to save little by little of what we earn every month to garrantee the future.

Saving is indeed important for maintaining our own lives, but everyone also needs to be mindful of what they're saving. Because if we only save fiat currency for the future, I believe our future will not be secure, as the value of fiat currency itself can still be defeated by inflation in every country. Therefore, we all still need to consider more appropriate assets to save and make our savings a future savior that will generally be less affected by excessive inflation. Therefore, saving shouldn't be done carelessly if the goal is to create a brighter future for ourselves.

I agree with you. If we save fiat its value will continue to decrease in the future due to inflation. In reality it has a negative effect on almost all the assets we see.The effect of inflation may be limited in the case of some assets such as Bitcoin. Due to the limited supply of Bitcoin the effect of inflation in this financial system is very low. Due to the shortage of supply of any asset its value will inevitably increase in the future. Bitcoin is one of those assets whose value will increase in the future and you can be financially successful if you invest in Bitcoin instead of saving fiat.

Fiat will continue to lose because the government of each country deliberately prints fiat in excess of their assets resulting in inflation and you can also lose with fiat savings. That is why I accumulate Bitcoin with additional funds as needed.

[abhiseshakana]

Brother, I specifically commend you for your efforts towards the topic on savings gradually for future utilization. It is important to save funds for present and future utilization. This is possible if we really understand the need for such practice. The truth is that saving money helps to save the future's troubles. It is important to save little by little of what we earn every month to garrantee the future.

Saving is indeed important for maintaining our own lives, but everyone also needs to be mindful of what they're saving. Because if we only save fiat currency for the future, I believe our future will not be secure, as the value of fiat currency itself can still be defeated by inflation in every country. Therefore, we all still need to consider more appropriate assets to save and make our savings a future savior that will generally be less affected by excessive inflation. Therefore, saving shouldn't be done carelessly if the goal is to create a brighter future for ourselves.

I agree with you. If we save fiat its value will continue to decrease in the future due to inflation. In reality it has a negative effect on almost all the assets we see.The effect of inflation may be limited in the case of some assets such as Bitcoin. Due to the limited supply of Bitcoin the effect of inflation in this financial system is very low. Due to the shortage of supply of any asset its value will inevitably increase in the future. Bitcoin is one of those assets whose value will increase in the future and you can be financially successful if you invest in Bitcoin instead of saving fiat.

Fiat will continue to lose because the government of each country deliberately prints fiat in excess of their assets resulting in inflation and you can also lose with fiat savings. That is why I accumulate Bitcoin with additional funds as needed.

In this VUCA (instability, uncertainty, complexity, and ambiguity) environment, we can no longer create a static portfolio. It must be dynamic, liquid, and diversified across assets and time. In my opinion, the basic principle in this VUCA era is that liquidity is the first and foremost shield. Running out of cash isn't due to a wrong investment, but rather to running out of breath to survive. Fiat should still be held for emergency funds and short-term operational needs (6-12 months) in liquid instruments.


Mindsets and habits that need to be maintained are:

• A financial management mindset is about high resilience, not high returns, because without a defense system, even high returns will end in loss.
• Don't be overconfident in predicting market direction; make DCA discipline a habit, not heroic timing.
• Adapt knowledge across eras, from analog (gold and property) to digital (AI, crypto). Don't get stuck in one paradigm.
• Financial success in VUCA isn't about beating the market, but about achieving financial freedom with peace of mind.

The best strategy isn't about being a fortune teller, but about designing a system that can withstand all kinds of weather.

[virasisog]

The biggest obstacle from saving is ourselves, the way we spend our money, the way we live our life.
It isn't for all of us but most of us could save it is just that the way we love and spend drains all of our money.
There are those who works but seems like they are living pay check to paycheck due to their lifestyle even though they are earning more than an average earners due to the way they live.

[ASloveapg]

Saving does not necessarily require us an instant big amount. Whether it's big or small, it does not actually matter. What's most important is how you often save regardless of its amount. So if you have only few bucks left from your salary, then continue saving it because once the value compounded, it will gradually become a significant amount. And frankly speaking, even the poorest of the poor can definitely save if he really aims to, it only depends on the kind of mindset you chose to adopt.

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?

In order to reach the point of saving successfully you have to cross the line between only living in the moment for today and starting to plan what will happen tomorrow. Sometimes this is driven by factors outside of our control, if we can barely cover all our bills every month and are only left with a few dollars to spare which you should really use to treat yourself, then you simply don't have the capacity to save - you should definitely review all your outgoing and see if you can increase your income, but you might not be able to do that. When you do have a small margin each month, you should really start to think about creating savings because it can give you incredible peace of mind in the longer term.

Good planning must be done, so that we can know how much we have the ability to save. We have to accumulate certain expenses every month, such as paying bills, for kitchen needs and so on. Well, even though there was an unexpected budget, at least it didn't surprise us too much.

So the problem is that when our income is less than our expenses, it will definitely be difficult to plan our finances. If that's the case, then we have to have another plan to make us have additional income. Because if left unchecked, we will always be in a difficult situation and might end up digging holes and closing holes.

It is true that when your income is less than your expenses, it is not possible to manage your finances normally. Therefore, it is imperative to find additional sources of income, not only by controlling expenses but also by keeping a realistic eye on your income. First, you need to create a sufficient source of income, then you need to spend it with management and save for the future, maintaining balance in all aspects.

[YUriy1991]

Saving will be easier if you have 2 or 3 bank accounts, one of which is a salary account. After receiving a transfer from your company, save 80% of your money in your main account for basic needs. Then, set aside at least 20% of your salary for savings. This is very helpful in saving and avoiding buying luxury items that we actually don't really need. As much as possible, set aside 20% of the money that comes into the account and never use it for anything other than investment. Discipline is key to avoiding shopping during discounts on certain days because it is a trap to buy unnecessary items. Be selective in buying items. After basic needs such as food, electricity, water bills, and internet are met, if there is any remaining salary money, put it back into a savings account.

[Abiky]

Saving will be easier if you have 2 or 3 bank accounts, one of which is a salary account. After receiving a transfer from your company, save 80% of your money in your main account for basic needs. Then, set aside at least 20% of your salary for savings. This is very helpful in saving and avoiding buying luxury items that we actually don't really need. As much as possible, set aside 20% of the money that comes into the account and never use it for anything other than investment. Discipline is key to avoiding shopping during discounts on certain days because it is a trap to buy unnecessary items. Be selective in buying items. After basic needs such as food, electricity, water bills, and internet are met, if there is any remaining salary money, put it back into a savings account.

Having multiple accounts is a great way to help maximize your earnings. But such practice wouldn't be feasible in countries with a high tax rate. There are a few countries or states with quite troublesome tax laws. It's why most people prefer to save their money as cash than leaving it at a bank account. Even so, the high cost of living renders saving useless.

These days it's all about saving and investing to help beat down inflation. There's simply no other way. By remaining single, you can ensure more money goes into your pocket (less responsibility = less money spent). I think that's why birth rates have been on the decline lately. There doesn't seem to be an end in sight for the world's current economic crisis, so I'd only hope for the best.