Do you prioritize on savings?

[Stardom22]

I have realised that making savings even for small amounts of money has become very challenging to most low to income earners. That is because money is never enough and most people are being forced to spend more than what they earn. What's your take on that?

 

[magnus2022]

Your observation is true because a lot of low income earners have more needs than their money can solve. The first step to become financial independent is to make more more than your expenditure!

 

[freelancermaria]

People with low incomes often struggle to save money because their salaries are inadequate to cover all their expenses. Unfortunately, some live beyond their means to impress others.

 

[eLdavis]

With the current economy, it has become really hard to save but i still ensure i try to save whenever i can.

 

[Springtime]

My top priority is of course spending on daily and necessary expenses. Other than that, I'll make every effort to save some money every month.

 

[Augusta]

Yes, because Without emergency savings in place, an unexpected car repair, job loss or trip to the hospital could force you into debt and derail your goals

 

[Starmix]

I started savings when I was 11 years old. My father trained and taught me the value of savings in a piggy bank, When I turned I opened a bank account near home. I like to see my money grow little by little.

 

[Suba]

Saving for those earning the regional minimum wage doesn't necessarily have to follow the budgeting methods and patterns commonly found in various articles. Anyone can prioritize saving, even if it's just under 5% of their monthly income. The most important thing is how they can develop discipline and maintain it sustainably.

 

[King Belieal]

I really prioritize savings when I am saving up for a project. That's when I make savings the first thing I do when I have funds.