What Happens When You Don’t Save? The Hard Truth

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Okay, how are people who do some kind of saving but they don't do any kind of savings and don't invest anywhere, so see, in such a situation, their life goes on well right now which is a survival mode, but if any kind of emergency comes in front of them, then they don't have any money to deal with it and neither do they have any strategy as to how to get out of the problem. And in such a situation, huge loans knock at your door and due to which your life becomes even more miserable. If you are taking a loan to start a business or to complete a pending task, then a loan is good, but if you are taking a loan for some personal problem, like buying something or in an emergency, then it can become a burden for you.

There are very few people who are a little cautious in matters of finance and also save a little bit, because trouble can come to anyone at any time. if you do not have any kind of savings, then it can be a problem for you, and it can spoil many of your things. If you generate an income and still you are not saving in any way, then this is your problem because it is possible that you are spending more than necessary. If you too want to save, then there is a good way for that. If you are earning ₹10,000, then think that you are getting only ₹8,000 and you put ₹2,000 in savings and invest here and the investment should be such that you get a fixed return from here, you cannot take any kind of risk because you do not have much money and gradually as your salary keeps increasing here, you can keep increasing this amount too.

The amount will seem small in the short term, but in the long term, the amount will gradually grow, and students should also feel like investing regularly, and investing is very important. Ever since I got a job, I have kept making some kind of small investment, and I have also learned a lot about finance. When you go into something, only then do you get an idea of ​​it. When I started working, I came to know what is the value of money and gradually our purchasing power is decreasing, due to which we can face more problems. So we should try to increase our income and not depend on one type of income. I have seen many people who earn more salary than me but they are very worried because they have increased their expenses so much that they are not able to handle their lifestyle now, and they give the responsibility of all this to other people. I get very angry about this.

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