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Re: Don't follow Saving ways of other people

Postby Nsikan » 19 Nov 2023, 20:17

The moment you try to fashion your financial life to look like some othe person's own in terms of savings, you might just end up complicating things for yourself.
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Re: Don't follow Saving ways of other people

Postby Uty Theo » 20 Nov 2023, 00:10

The only thing that should matter to you when you are trying to save money should be your income and your needs. Not the savings of others.
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Re: Don't follow Saving ways of other people

Postby eldavis » 20 Nov 2023, 02:18

Uty Theo wrote:The only thing that should matter to you when you are trying to save money should be your income and your needs. Not the savings of others.




That's right, the next person has a different income flow, they are not earning and spending the same way you do. So it would be best to work with what you have and not base you saving method on how they do theirs.
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Re: Don't follow Saving ways of other people

Postby Pistis » 20 Nov 2023, 02:25

You put yourself on a financial handicap when you want to follow another person's financial plan. Do your own planning amd follow what works for you.
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Re: Don't follow Saving ways of other people

Postby Fidelia » 20 Nov 2023, 07:58

Following how others save to follow suit can land you in huge trouble. You might not know fully how that person manouvers and you get stuck.
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Re: Don't follow Saving ways of other people

Postby Pistis » 21 Nov 2023, 06:49

That is how my sister introduced me to a contribution savings of $10 every week and I joined. It was okay for the first 5 weeks or so. I got choked by the time I got to the 6th week because making do with $10 every week for savings was beyond my capability.
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Re: Don't follow Saving ways of other people

Postby augusta » 21 Nov 2023, 09:09

Yes just do it your own way and how it would suit you. You would save money this way better.
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Re: Don't follow Saving ways of other people

Postby Nsikan » 21 Nov 2023, 20:06

Pistis wrote:That is how my sister introduced me to a contribution savings of $10 every week and I joined. It was okay for the first 5 weeks or so. I got choked by the time I got to the 6th week because making do with $10 every week for savings was beyond my capability.
You see that contribution method of saving? You won't see me there because you don't have any excuse not to pay your savings on the fixed day of the week.
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Re: Don't follow Saving ways of other people

Postby Kalayla » 22 Nov 2023, 03:07

I can't live my life on some other person's terms. It is complex issues that would make one to follow the saving methods of someone else. It most likely would not work for you because you are unique.
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Re: Don't follow Saving ways of other people

Postby King Belieal » 22 Nov 2023, 07:42

It is extremely wrong to follow others when it comes to financial planning. Know yourself and do what suits you by doing a thorough self study.
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Re: Don't follow Saving ways of other people

Postby Uty Theo » 23 Nov 2023, 05:11

When you want to follow the saving patterns of others, it would lead to unrealistic expectations and depression when one can't meet up.
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Re: Don't follow Saving ways of other people

Postby Chosen76 » 23 Nov 2023, 15:26

Life is not about comparison. So you don't need to compare how your friend is saving to your own because it might not work. There different ways to save money depending on your situation. Someone who earn $50 might decide to save $15 everyday. Even if you earn the same amount, you have to save in a way that's favourable to you.
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Re: Don't follow Saving ways of other people

Postby arunima » 23 Nov 2023, 15:29

One can get inspirations from others and learn the different tricks and ways to save. But when it comes to the actual implementation of them, one can not succeed by copying others. You have to keep the parameters in your life in mind and then take a decision.
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Re: Don't follow Saving ways of other people

Postby Fidelia » 23 Nov 2023, 20:25

Chosen76 wrote:Life is not about comparison. So you don't need to compare how your friend is saving to your own because it might not work. There different ways to save money depending on your situation. Someone who earn $50 might decide to save $15 everyday. Even if you earn the same amount, you have to save in a way that's favourable to you.
Even if you earn the same amount, conditions are different. That person you want to copy might not be paying rents and staying in parents house.
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Re: Don't follow Saving ways of other people

Postby Vehlijanta » 24 Nov 2023, 13:39

We cannot replicate other person's saving schedule and if we do then we may not be successful at that
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Re: Don't follow Saving ways of other people

Postby Tinni » 24 Nov 2023, 18:59

The chances of failing trying to copy the savings patterns of some other person is very high. We are all unique and we should do a SWOT analysis on saving patterns that would be suitable for us.
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Re: Don't follow Saving ways of other people

Postby eldavis » 25 Nov 2023, 01:10

I have said this before, and I we keep saying it. What works for the person besides you, might not work for you. It would be best you find a way that suits you better.
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Re: Don't follow Saving ways of other people

Postby Pistis » 25 Nov 2023, 02:01

The capabilities of all of us are all different. Life rewards you for your uniqueness and not by how much you try to copy someone else.
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Re: Don't follow Saving ways of other people

Postby Vehlijanta » 02 Jan 2024, 14:02

We should follow our way to save and no need to copy anyone because it's hard to fill other persons shoes
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Re: Don't follow Saving ways of other people

Postby JASPREET » 03 Jan 2024, 10:14

Its natural to look at others and feel that we can copy their style but its not possible as we don't know their way of earning and spending
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