this post was submitted on 26 Jul 2024
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Asklemmy
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Start saving some of your money. Whatever you can but have damned restraint and dont spend it
Countering on a 20's side:
On the other hand, would you be at the same point in life if you would save every penny?
Having savings could greatly help you now, but what if you'd never experience whatever you spent your extra on? Maybe it was something new, or simply something that helped you deal with a compounding stress, or maybe you can simply remember your carefree times with warmth in your heart.
It might not be visible at the first glance, but it is important and it might have changed a lot more that you think in retrospect.
The thing is, saving is, in large parts, a habit thing. you stop thinking/planning about/with that money you put away. especially if you put it in something you don't have immediately access to. And the earlier you start the smaller the amount you "have" to put aside.
Not in percentage terms. Yes, you have to put smaller amounts, but they also make a bigger dent in your overall finances because you earn much less, too.