People lack the concept of savings

[Dr.Bitcoin_Strange]

Do you think nowadays people seems to be less interested in saving their part of income for the future needs?

Because it's evident that people changed a lot, now the trend is to live in the present which is okay but it's necessary to plan the future too or else will be going down hard and there will be no one to help from that trap.

Not all but some especially those social media people are spending too much on nonsense things but in real life they do have nothing like savings. Maybe they have plans but when procrastination strikes it's not gonna happen which is a sad part but for me personally I do save and at the same time invest. I fully understand that life is hard now but still I am able to secure small fund to help me out during emergency situation though not that big but atleast I have one.

Yes, you are right because no one knows what tomorrow holds for us, that is why it’s essential to have savings in case of emergency just like you said. Not that investment is not necessary, because it’s not every time we always benefit from investment and it may not be help to us, as of that moment when we need it but with savings, we can solve some important issues that require immediate effect. So in as much we also invest, we shouldn’t neglect the importance of savings too because it really helps.

[Cryptomultiplier]

Yeah, it feels like people are less into saving for the future these days. Everyone's caught up in living for the moment, spending on things that make them happy now, which is fine to an extent. But the problem is, if you don't plan for tomorrow, you might get stuck in a bad spot later with no way out. Life can hit hard, and without a safety net, it’s tough. A little balance between enjoying now and saving for the future could save a lot of trouble down the road.

Anyone who chooses to live by the moment will suffer in the long run when the bone and strength are weak. It's better to suffer it now at your youthful age and enjoy your life at old age when others will be struggling to survive to pay their bills and family bills

There are skills that can ensure one gets to work with their brains or use their intelligence more than their strength, and it is such skills we should endeavor to invest in so as we always have a stream of income coming in.
Still, when one learns to save, it becomes a habit that teaches patience and the importance of discipline in the form of delaying gratifications for a better future,.it always assures the best returns.

[UNIVERSE]

Yes, you are right because no one knows what tomorrow holds for us, that is why it’s essential to have savings in case of emergency just like you said. Not that investment is not necessary, because it’s not every time we always benefit from investment and it may not be help to us, as of that moment when we need it but with savings, we can solve some important issues that require immediate effect. So in as much we also invest, we shouldn’t neglect the importance of savings too because it really helps.

Indeed, savings is important because we must face urgent needs (emergency), financial crisis, or many other possible cases in the future. It we have no savings, we must take a loan from other people or banks. This won't be an ideal way because we must pay some interests from the loans. And sometimes there are many difficult requirements as well. So, it is better to prepare money, so we must have savings.

[memehunter]

Usually, it depends upon the government and overall conditions of an economy. If your country has robust infrastructure and ample social security, you will not have the want to save money. I am talking about masses, not a few ambitious individuals.   

[Agbe]

Usually, it depends upon the government and overall conditions of an economy. If your country has robust infrastructure and ample social security, you will not have the want to save money. I am talking about masses, not a few ambitious individuals.   

I don't agree completely with you on your point that you made because when it comes to the issue of saving it's more of a personal attribute and has nothing to do with the economy of a nation because even in countries where their economies are performing well any one who is prudent with money can still save you can't tell me that it's because the economy of your nation is good that is why you can't save, what you into know is s that economy is personal because in every country that you go to no matter how good the economy of that country is there are still poor people this is so because they lack things like saving and investment which is key to their prosperity

[Aanuoluwatofunmi]

Do you think nowadays people seems to be less interested in saving their part of income for the future needs?

If we are going by the way of analyzing on the actual conditions on ground, we have them both happening in this present dispensation, whereby you discover some making up with savings and some are not doing anything related to that, now there are conditions that may follow either of the choices.

1. Some are earning lesser a d can't afford to safe.
2. Some are earning bigger and are saving.
3. Some earn bigger but couldn't manage to save up.
4. some ear as little and still ended up saving some.

We should have no any reason or excuses for not saving anything at all, because this is all about the future ahead and not the present conditions.

[Dr.Bitcoin_Strange]

Indeed, savings is important because we must face urgent needs (emergency), financial crisis, or many other possible cases in the future. It we have no savings, we must take a loan from other people or banks. This won't be an ideal way because we must pay some interests from the loans. And sometimes there are many difficult requirements as well. So, it is better to prepare money, so we must have savings.

That’s true.
And asides the interest attached to the loans, there’s something about taking up loans, taking a loan is always easy and simple, but when it comes to repaying the debt, it becomes difficult, and not always as easy as it seemed when you were taking it. This is always because there’ll always be expenses to sort on a daily, weekly or monthly basis, so even when you’re able to pay up the debt, you’d definitely feel the pressure.

[memehunter]

Usually, it depends upon the government and overall conditions of an economy. If your country has robust infrastructure and ample social security, you will not have the want to save money. I am talking about masses, not a few ambitious individuals.   

I don't agree completely with you on your point that you made because when it comes to the issue of saving it's more of a personal attribute and has nothing to do with the economy of a nation because even in countries where their economies are performing well any one who is prudent with money can still save you can't tell me that it's because the economy of your nation is good that is why you can't save, what you into know is s that economy is personal because in every country that you go to no matter how good the economy of that country is there are still poor people this is so because they lack things like saving and investment which is key to their prosperity

Your surrounding economic system dictates your behavioural patterns. If you are born and brought up in a developed country where social security is high, you will not inculcate the habit of saving in order to survive. But in developing nations people need to deal with their basic needs on their own so they give more importance to personal savings. Again, this is a general theme, and some individuals will surely show deviations from it.

[Sim_card]

I think most people want to save a large part of their income because they are certain about the future. Because if they don't save money at the right time, they may face various problems in life. If you work with a fixed goal in mind then continuous planning of the goal will help you stay focused. Every person has some goal in life due to which people want to save money. Some people save for short term financial goals, such as buying a car or a house, while others save for the long term, such as retirement funds or education and investments. From almost every rich person biography you will find images of saving money.

I know that saving money is only practical for those who don't like flamboyant lifestyle and have cashflow management. You can start learning it. I could remember when I was a kid, if people gives us money, we put it into a saving box and pile it up to tgree years. Anytime, I break the saving box, I am ready to use the money to buy a toy and a video game. Saving help the plebs to achieve something of big value in the long run.

[0t3p0t]

Usually, it depends upon the government and overall conditions of an economy. If your country has robust infrastructure and ample social security, you will not have the want to save money. I am talking about masses, not a few ambitious individuals.   

Having emergency funds is an act of saving not unless not unless you are on the same shoes with me who is not able to secure that kinda fund or you might be a wealthy person that has all the things you need in life. I don't think people living in first world countries don't save money for something or they just want the other option which is investing it and for me both of them are good.

[Dr.Bitcoin_Strange]

Yeah, it feels like people are less into saving for the future these days. Everyone's caught up in living for the moment, spending on things that make them happy now, which is fine to an extent. But the problem is, if you don't plan for tomorrow, you might get stuck in a bad spot later with no way out. Life can hit hard, and without a safety net, it’s tough. A little balance between enjoying now and saving for the future could save a lot of trouble down the road.

Yeah, this generation, most people forget the concept of saving, they only put their effort in their lives at the moment, with the mindset that’ one who is alive is the one who will save for the future, forgetting that not everyday is same, some days might be good and some days might be bad, what if it’s bad days, that means you will go begging for alms. So that is why it’s important to save while we are also spending, in order to avoid suffering and humiliation.

[Aanuoluwatofunmi]

Do you think nowadays people seems to be less interested in saving their part of income for the future needs?

Because it's evident that people changed a lot, now the trend is to live in the present which is okay but it's necessary to plan the future too or else will be going down hard and there will be no one to help from that trap.

Some people were too relaxed because of being overwhelmed by how far today is and not minding to carter more for tomorrow by making some savings for it, we cant expect to continue having the same thing repeatedly over time, because things are changing, the ways money is coming in for us may not have to be the same as it may continue to be later in the future, but what we might have saved up could be something tangible for us to fall back on.

[Sim_card]

Do you think nowadays people seems to be less interested in saving their part of income for the future needs?

Because it's evident that people changed a lot, now the trend is to live in the present which is okay but it's necessary to plan the future too or else will be going down hard and there will be no one to help from that trap.

Some people were too relaxed because of being overwhelmed by how far today is and not minding to carter more for tomorrow by making some savings for it, we cant expect to continue having the same thing repeatedly over time, because things are changing, the ways money is coming in for us may not have to be the same as it may continue to be later in the future, but what we might have saved up could be something tangible for us to fall back on.

They way that you lay your bed is how you will lie on it. If you believe to have a better life in future, then when you're making money from whatever gives you an income, you will take your time to plan for your tomorrow by saving to save you from the challenges of the future. It's not just to save but use your savings wisely to invest because Fiat depreciates. Only if you're saving in bitcoin, probably the best.

[Joeboy]

Do you think nowadays people seems to be less interested in saving their part of income for the future needs?

Because it's evident that people changed a lot, now the trend is to live in the present which is okay but it's necessary to plan the future too or else will be going down hard and there will be no one to help from that trap.

Some people were too relaxed because of being overwhelmed by how far today is and not minding to carter more for tomorrow by making some savings for it, we cant expect to continue having the same thing repeatedly over time, because things are changing, the ways money is coming in for us may not have to be the same as it may continue to be later in the future, but what we might have saved up could be something tangible for us to fall back on.

They way that you lay your bed is how you will lie on it. If you believe to have a better life in future, then when you're making money from whatever gives you an income, you will take your time to plan for your tomorrow by saving to save you from the challenges of the future. It's not just to save but use your savings wisely to invest because Fiat depreciates. Only if you're saving in bitcoin, probably the best.

Very much true. The constant devaluation of Naira, make saving in Naira even unwise. I know a few of my secondary classmates who where crypto experts. They invested most of the money they received from their rich uncles and aunty in buying of coins and digital assets, and today they are swimming in money, I know a few of them who has even travelled abroad. The reason for this story is just to tell the importance of saving and not just saving but saving through investments( through buying of crypto assets). You don't even have to be a multi-millionaire to be able to invest in cryptocurrency, with the little money you have you can make it happen.

[bitbit97]

Yeah, it feels like people are less into saving for the future these days. Everyone's caught up in living for the moment, spending on things that make them happy now, which is fine to an extent. But the problem is, if you don't plan for tomorrow, you might get stuck in a bad spot later with no way out. Life can hit hard, and without a safety net, it’s tough. A little balance between enjoying now and saving for the future could save a lot of trouble down the road.

Yeah, this generation, most people forget the concept of saving, they only put their effort in their lives at the moment, with the mindset that’ one who is alive is the one who will save for the future, forgetting that not everyday is same, some days might be good and some days might be bad, what if it’s bad days, that means you will go begging for alms. So that is why it’s important to save while we are also spending, in order to avoid suffering and humiliation.

This generation (I am speaking about people who really could save some money, but instead prefer to spend everything) havent faced real life difficulties. I think a life lesson, when person becomes broke or faces a situation when he urgently needs a lot of moment, will teach people to save or choose attitude to money. If people never been on poverty line, they will never understand concept of saving and having money pillow for bad day.