People lack the concept of savings

[Findingnemo]

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.

[target]

Saving money is still a thing especially in times of certainty where banks are failing and rugpulling. Meaning of you have to save, keep the money under your mattress not in the bank because it's not safe anymore.

Th inflation could change the minds of people saving their cash actually. The new way as of now is just to invest either in Gold or BTC. DCAing since they figure it's smarter that way.

[Findingnemo]

Saving money is still a thing especially in times of certainty where banks are failing and rugpulling. Meaning of you have to save, keep the money under your mattress not in the bank because it's not safe anymore.

Th inflation could change the minds of people saving their cash actually. The new way as of now is just to invest either in Gold or BTC. DCAing since they figure it's smarter that way.

People still save money but I am talking about the majority of people in this society, for example the youngsters who are in their 20s got chance to make more money than before due to change of field, social media, or creating our own startup but my point is even the people who are being successful and profitable not carrying it on, by saving it and expanding or utilise their money for best but all they do is how to spend, which car I should buy or which is the destination for next travel.

[bitterguy28]

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.

yeah i see kids nowadays are being easy victims of capitalism and overconsumption like you have said living in the present is okay and encouraged but this should only be applicable after you have already secured your future

living in the present is not really the same as just throwing away your future you still need to consider what is to happen to you when something happens i think that we can do both at the same time to some extent do not be too focused on the future but also do not completely forget about it i believe it can coexist and must be done if we want a happy and successful life

[Findingnemo]

living in the present is not really the same as just throwing away your future you still need to consider what is to happen to you when something happens i think that we can do both at the same time to some extent do not be too focused on the future but also do not completely forget about it i believe it can coexist and must be done if we want a happy and successful life

Exactly, they are messing up with each other which are totally different. We need good and healthy lifestyle and there's nothing wrong with what we need and spend money for that but we are just trying to show off people with new things, big house, flashy cars,etc which can take the better life of our future generations. Traditionally the high priority is to give better lifestyle to our kids and then grandkids but now they just want everything and doesn't care about others.

[0t3p0t]

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.

[bisdak40]

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.

[Sim_card]

Saving money is still a thing especially in times of certainty where banks are failing and rugpulling. Meaning of you have to save, keep the money under your mattress not in the bank because it's not safe anymore.

Th inflation could change the minds of people saving their cash actually. The new way as of now is just to invest either in Gold or BTC. DCAing since they figure it's smarter that way.

You are right mate, instead of keeping money in the bank, you can save it in bitcoin and gradually keep increasing your bitcoin stash because it's a long-term investment project for your future. However, I wouldn't advise plebs to save in gold because it cannot increase your saving like that of bitcoin. Bitcoin is the long term investment trend that big tech firms and government are seeking towards buying. It's good to join the moving train. Gold is old but still the number one asset that has ever lasted long.

[DragonF]

People still save money, but only after important expenses have been paid. Nowadays, very few people have jobs that allow them to save money after taking on obligations. It is impossible for someone without sound financial standing to save, unless they wish to deny themselves many things, which can be extremely difficult because doing so would mean they are not living.

I have personally tried numerous savings plans, but they have all failed because, after paying the big bills, there is nothing left over. This was so bad that additional funds were even required to pay the bills, so there would be no point in saving money when there were so many important bills that still needed to be paid. Therefore, although people still wish to save, the current state of affairs makes this challenging.

[Findingnemo]

People still save money, but only after important expenses have been paid. Nowadays, very few people have jobs that allow them to save money after taking on obligations. It is impossible for someone without sound financial standing to save, unless they wish to deny themselves many things, which can be extremely difficult because doing so would mean they are not living.

I have personally tried numerous savings plans, but they have all failed because, after paying the big bills, there is nothing left over. This was so bad that additional funds were even required to pay the bills, so there would be no point in saving money when there were so many important bills that still needed to be paid. Therefore, although people still wish to save, the current state of affairs makes this challenging.

Not spending doesn't necessarily mean not living, it's just a way forward of living disciplined life with the way we wanted not under some company influence. Lack of money is different issue which also exists due to the high inflation and not enough salary appreciation. So when we feel that we are too tight to pay bills even if we cut all the unwanted expenses then it's time to think about making more which can be done via switching jobs or working on an additional job.

[Zed0X]

Well, maybe you're right because of the increased in business advertisements. I also think people almost always choose convenience over sacrifices that's why we rather spend to make like easier for us. With the more aggressive marketing that company do these days, they are more likely to attract more consumers.

[joniboini]

Maybe we're looking at a different place, but I noticed the opposite trend. My family and friends share how difficult it is to save their money because things get so expensive lately, which shows that they know saving is important. If anything they feel the need to invest even more nowadays because they fear inflation will hit them hard in the future. But I do agree that some people do have a higher tolerance for risk nowadays, especially the younger ones. That's probably why they're interested in crypto or other high-risk assets, to begin with. CMIIW.

[libert19]

Here salaried people's portion of salary each month automatically goes into savings, so there is that. For self-employed ones, it's bit of trial and error thing as they learn to manage their finances and find the need to save for future.

[Chilwell]

yeah i see kids nowadays are being easy victims of capitalism and overconsumption like you have said living in the present is okay and encouraged but this should only be applicable after you have already secured your future

living in the present is not really the same as just throwing away your future you still need to consider what is to happen to you when something happens i think that we can do both at the same time to some extent do not be too focused on the future but also do not completely forget about it i believe it can coexist and must be done if we want a happy and successful life

Saving is extremely important, but many young people today take it for granted. They tend to spend lavishly without considering the future consequences. This habit of overspending has become prevalent, while saving for future use has taken a backseat.

However, saving is crucial as it provides a financial safety net for unexpected expenses and long-term goals. Developing a habit of saving can have a significant impact on one's financial stability and security.

[target]

Saving money is still a thing especially in times of certainty where banks are failing and rugpulling. Meaning of you have to save, keep the money under your mattress not in the bank because it's not safe anymore.

Th inflation could change the minds of people saving their cash actually. The new way as of now is just to invest either in Gold or BTC. DCAing since they figure it's smarter that way.

You are right mate, instead of keeping money in the bank, you can save it in bitcoin and gradually keep increasing your bitcoin stash because it's a long-term investment project for your future. However, I wouldn't advise plebs to save in gold because it cannot increase your saving like that of bitcoin. Bitcoin is the long term investment trend that big tech firms and government are seeking towards buying. It's good to join the moving train. Gold is old but still the number one asset that has ever lasted long.

Gold is still a valuable asset and it kept increasing too. Gold is just not well recognized by crypto community but the whole world values this hard asset. Just this year it's price almost doubled.

Bitcoin will be good savings because the price moons faster. Saving BTC is just like holding.
Investing in BTC along with gold just incase something happens because of the tension in geopolitics and wars will be an option for anyone.