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

 

[kit_hung]

It’s true that saving for the long term isn’t easy, especially when your finances are tight. Many people struggle with daily needs, and sometimes they completely abandon their savings plan.

What keeps me going is setting goals for the future—like buying a house, starting a business, or ensuring the security of my family. These goals give me the motivation to persevere and make sacrifices now so that I can have peace of mind later.

Also, learning to control my spending and create a budget is a big help. Even a small amount of savings each month can make a big difference over time. Patience and discipline are the foundation of financial success.

 

[Springtime]

I just make it a habit of putting a portion of my monthly earning to my fixed deposit account. I have been doing this for years. I do this for retirement and emergency use.

 

[kit_hung]

I just make it a habit of putting a portion of my monthly earning to my fixed deposit account. I have been doing this for years. I do this for retirement and emergency use.

This is a great example of financial discipline! Putting a portion of your income into a fixed-term deposit account is a smart move for retirement and emergencies. This habit builds financial security and eliminates the worry of tomorrow. Keep it up!

 

[eLdavis]

One thing that motivates me for long term savings is when i have something i want to achieve and i need time to save. This is what motivates me.

 

[kit_hung]

One thing that motivates me for long term savings is when i have something i want to achieve and i need time to save. This is what motivates me.

I totally understand you, and that's a great way to motivate yourself. Long-term goals inspire disciplined saving. When you know what you want to achieve, every shilling you save counts.

 

[Trush Jodie]

When I have a project that I want to achieve in the long term, I am motivated to save for long term till the funds I need for that project is met.

 

[Augusta]

It is for future gain when you have long term.savings you would have more money

 

[kit_hung]

It is for future gain when you have long term.savings you would have more money

You have touched on a very important point. Long-term savings are like seeds you plant today for a harvest tomorrow. When you put aside small amounts of money over time, you build a financial foundation for the future without pressure.

 

[Augusta]

You have touched on a very important point. Long-term savings are like seeds you plant today for a harvest tomorrow. When you put aside small amounts of money over time, you build a financial foundation for the future without pressure.

You got that right. You plant today to be able to harvest it tomorrow. Don't finished everything today

 

[kit_hung]

Even if it's difficult, every small amount set aside adds up, and over time, that consistency makes a difference.

I can verily attest to this.
Having been saving small amounts in a coop society for over ten years, I have seen my savings grow quite huge.

 

[Suba]

In my opinion, saving doesn't always have to be in the form of cash in the bank, but can also be in the form of investment instruments, such as gold, stocks, crypto, etc. So the long-term goal of saving must be clear, such as buying a house, a car, or for retirement funds, while someone's motivation to save is primarily to achieve financial stability and a sense of security or not worry about running out of money in the future.