When can saving be hurtful

[cherry123]

If we save all our lives and then pass on for others to consume the savings. Does this means we had save to a point of hurting ourselves. What do you think about this?

 

[Bisolami]

If we save all our lives and then pass on for others to consume the savings. Does this means we had save to a point of hurting ourselves. What do you think about this?

Saving can be very hurtful when you lose your money. It hurts for you to lose money that you have been saving for years. It is not nice

 

[cherry123]

Saving can be very hurtful when you lose your money. It hurts for you to lose money that you have been saving for years. It is not nice

Exactly, it can be painful especially if you lend out and the person ran away from it. It can be very hurting

 

[Shavkat]

At some point, hard money is difficult to spend or give it away in just a flick of a finger. But then, we cannot do anything because it needs to be done.

 

[Starmix]

It happens when there's an emergency purpose and it's the saving that will be spent for doctor's fee , medicine and maintenance medicine. It's good if there's saving for if none, you'll be forced to loan.

 

[Magnus2022]

Saving can may be hurtful except when you are scammed. Savings can equally be diastrous when you can not be able to access your fund when emergency strikes. Savings should be encouraged but not when we have life challenging situations.

 

[Starmix]

Saving can may be hurtful except when you are scammed. Savings can equally be diastrous when you can not be able to access your fund when emergency strikes. Savings should be encouraged but not when we have life challenging situations.

That's surely happens to anyone. We can't forsee events beyond our expectations. We all want a smooth life but sometimes tough and rough road evades our happiness.

 

[Niyi Briggs]

When you try to save more than you logically should save given your income. That's why I always say people should save at their own pace.

 

[Enxx]

For me I see saving for all our lives as not good because doing that time, the value of the money would have depreciate

 

[Starmix]

It's good to have savings otherwise we'll opt to loan during emergency needs. But if the patient has an insurance policy where health is one benefit that's covered so there's no need to use the saving. In my country there's PHILHEALTH that pays up to the maximum of 15, 000 better than none.

 

[averygirl]

Sometimes it can be hurtful because you need to deprive yourself of things you want to have in order just to save money. For the sake of saving money you need to learn to spend less or as little as possible

 

[cherry123]

Saving can may be hurtful except when you are scammed. Savings can equally be diastrous when you can not be able to access your fund when emergency strikes. Savings should be encouraged but not when we have life challenging situations.

The issue of scam can he very hurtful. especially when you ertr saving for a project it wouldn't be funny

 

[Starmix]

Sometimes it can be hurtful because you need to deprive yourself of things you want to have in order just to save money. For the sake of saving money you need to learn to spend less or as little as possible

There are times that we can't avoid to withdraw some amount of our savings during emergency need.

 

[cherry123]

There are times that we can't avoid to withdraw some amount of our savings during emergency need.

Yeah we can't help it with emergency. Saving must be used uo to help arrest the situation

 

[Starmix]

Exactly no matter how our mind refused but our heart is what prevailed, a decision that must put a problem to end.

 

[cherry123]

But that was the whole essence of savings to help during emergency. So it should be our saving grace at that time.

 

[Starmix]

That is our primary concern why save, to have emergency money in times of the unforeseen event? In the absence of savings, one can be distraught, mind will be so stressed thinking about how to find a solution to their financial crisis.

 

[cherry123]

That's why we just have to save it will help during any emergency. This is one of the reasons to save more

 

[Starmix]

But only a few can save especially during the pandemic when prices are soaring high, In my case, I save only small but at least nothing at all.

 

[cherry123]

But the most important thing is that it is good to find a way to save no matter how small it does help.