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Don't follow Saving ways of other people

Postby Yugocean » 17 Mar 2023, 09:37

Never take others as inspiration to achieve your savings goal unless your standard is the same as your inspiration. And this is extremely difficult to do, so don't let others motivate you to achieve your savings goal.

An example:
Two persons were working in an office; both had the same salary, number of family members, etc., but one of them used to save well while the other was not saving much. The less saver tried to assimilate the limit of expenditures, etc., of the more saver with the aim of saving more, but this caused problems with the needs of his household. Later, the low saver had to change his outlook. The reason was that the one who saved more had a working wife, while the other's wife was a housewife. Therefore, due to the high family income, he was able to save more.
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Re: Don't follow Saving ways of other people

Postby astutimeliana723 » 17 Mar 2023, 11:33

Yugocean wrote:Never take others as inspiration to achieve your savings goal unless your standard is the same as your inspiration. And this is extremely difficult to do, so don't let others motivate you to achieve your savings goal.

An example:
Two persons were working in an office; both had the same salary, number of family members, etc., but one of them used to save well while the other was not saving much. The less saver tried to assimilate the limit of expenditures, etc., of the more saver with the aim of saving more, but this caused problems with the needs of his household. Later, the low saver had to change his outlook. The reason was that the one who saved more had a working wife, while the other's wife was a housewife. Therefore, due to the high family income, he was able to save more.


Very good advice, I totally agree with you. We have our own goals and needs that cannot be compared to others.
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Re: Don't follow Saving ways of other people

Postby Vehlijanta » 17 Mar 2023, 14:48

Everyone has their ways to save and earn. No 2 persons will be alike and we need to follow our way.
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Re: Don't follow Saving ways of other people

Postby nela13 » 17 Mar 2023, 15:26

Everyone should adopt the amount they can save for their expenses and income, we can't compare or try to do the same as others, it is te route to failure.
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Re: Don't follow Saving ways of other people

Postby Treborika » 17 Mar 2023, 17:11

Yes I agree with you in this. Learn to live within your means and save a 10% of your earnings for the future use.
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Re: Don't follow Saving ways of other people

Postby augusta » 18 Mar 2023, 03:36

Yes we just have to follow the routes that will work perfectly for us. That way we can save on money better
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Re: Don't follow Saving ways of other people

Postby eldavis » 21 Jun 2023, 10:48

Like what i always tell people, because it worked for the next person does not mean it would work for you. Take time out to find a method that works for you, not just in saving but in everything you do.
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Re: Don't follow Saving ways of other people

Postby Richie10 » 22 Aug 2023, 08:49

Don't allow anyone to pressure you into doing what they wish for you to do. Understand your life, understand your finances, understand your needs and budget with these understandings how to save.
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Re: Don't follow Saving ways of other people

Postby eldavis » 22 Aug 2023, 12:35

Like i always says, what works for you might not work for the next person and vise versa, so always find a way that works for you.
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Re: Don't follow Saving ways of other people

Postby Cody » 24 Aug 2023, 05:46

Every one has a peculiar lifestyle that fits them alone. Don't look at others. Be independent as an adult to make savings decisions for yourself.
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Re: Don't follow Saving ways of other people

Postby Starmix » 24 Aug 2023, 06:05

It is not to copy from others, we must be unique in our ways of saving, investing, or doing business.
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Re: Don't follow Saving ways of other people

Postby Richie10 » 02 Sep 2023, 07:39

People need to be mentally independent to be able to manage their finances well. As much as possible, know what works for you and stick to your own savings formula.
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Re: Don't follow Saving ways of other people

Postby augusta » 10 Sep 2023, 14:38

This is it, you just have to do it your own way with no pressure and you would be able meet your targets effortlessly
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Re: Don't follow Saving ways of other people

Postby Starry » 12 Sep 2023, 14:28

I agree we do not have to follow others on how to save money. But if I find someone who is good at saving money, I'll try to find out how s(he) did it and see if I can learn something.
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Re: Don't follow Saving ways of other people

Postby aovurevu » 17 Sep 2023, 06:36

We do not just have to follow everyone's choice and this is because we are in different condition and people's decisions are mostly based on their condition and since two different people's condition may not always be the same ,therefore decision change.
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Re: Don't follow Saving ways of other people

Postby augusta » 17 Sep 2023, 07:33

Yes just follow the ones you can effortlessly execute but if not just have your own terms to follow and money would be saved.
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Re: Don't follow Saving ways of other people

Postby eldavis » 17 Sep 2023, 13:48

Simply do what is best for you, like i always say what's good for you might not be what's good fot the next person and vise versa.
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Re: Don't follow Saving ways of other people

Postby Sojourn » 17 Sep 2023, 13:55

As your life is not the same as someone else's, your savings plan should not have to be a copy of theirs. Also when trying to emulate a savings plan from someone else, you would be lost by the huge number of savings styles of other people and would be in a decision fatigue.
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Re: Don't follow Saving ways of other people

Postby augusta » 25 Sep 2023, 12:19

I'm taking this tip very serious now. I just save according to how I can amd it is helping me save effortlessly without pressure.
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Re: Don't follow Saving ways of other people

Postby Sojourn » 25 Sep 2023, 14:20

augusta wrote:I'm taking this tip very serious now. I just save according to how I can amd it is helping me save effortlessly without pressure.

You mean the saving tip that I shared :)
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