What motivates you for making long term savings?

[Stardom22]

For sure most people are really in problem. The fact that it's very difficult for one to stay consistently in making long term savings. So what does it motivate you to make long-term savings despite the financial challenges that comes in your way?

 

[gwolf666]

It's true, saving for the long term isn't easy, especially when unexpected expenses arise and the money never seems to be enough. However, what personally motivates me to maintain discipline is thinking about the security and peace of mind of the future. Knowing that over time this consistent effort can become a backup for emergencies, an investment fund, or even a cushion for retirement gives me great strength to not give up.
Another key point is having clear goals. For example, saving to buy a house, start a business, or guarantee a child's education. When saving is tied to a specific goal, it becomes less burdensome because you don't see it as a sacrifice, but as an investment in yourself. Even if it's difficult, every small amount set aside adds up, and over time, that consistency makes a difference.

 

[Suba]

Although I have several bank accounts, I've never had the intention or motivation to save long-term, as I only earn a small amount of interest, which doesn't keep up with inflation. Therefore, I'd rather allocate my savings to investment instruments.

 

[Augusta]

It's about being financially stable for a very long time and that's how it should be through having a savings funds