save money

China
December 2, 2010 8:27pm CST
I'm a college student,i want to save money for daily expense at college.Somebody tell me if you want to salt away cash,you'll have to tighten your belt for "saving is getting".But the price of everything is going up and there is no sign of it turning around.So sometimes i think that saving money is,to some extend,a waste of money with increasing inflution.Do you agree with me,and have any good suggestions?
6 responses
@TeamCholent (2843)
• United States
3 Dec 10
I don't agree with you in the slightest. Prices are not going up on many things such as electronics and housing. Food is going up but your savings should always be targeted at above inflation so things work out cheaper and your logic would encourage people to spend money on items they don't need just because its "cheaper." I would rather encourage you to save and make sure the future is bright.
• Philippines
3 Dec 10
In order to say that you'd have to know if the rating of your savings is directly proportional to the increase in prices of products. Besides, the increase isn't that constant so it's still wise to save up money.
@Jacobus1919 (1684)
• Philippines
3 Dec 10
Well, being here is a good step towards saving up money. Daily postings and earning here is slow though but with patience and putting enough time day to day you will have extra cash in no time.
@AJsMom (157)
• Philippines
3 Dec 10
Saving money is really a sensible thing to do. Although you may not feel the effect yet at the present, it will help you someday. Big things come from little things. Try to enhance your saving skill more. No matter how small your savings is it will make a big difference as it grows.
@dodo19 (31912)
• Beaconsfield, Quebec
3 Dec 10
It's always a good idea. It will never hurt you. My husband and I do have a savings account, and we both agree that it's one of the best things we could do. We don't have much saved up. It's something difficult for us to do, as he's just graduated and I'm still at university. But we're still happy.
@livecenter (1138)
• Malaysia
3 Dec 10
I cannot agree more with you...Saving money is good, as for me, but obviously we cannot control everything...The increase in price simply drops our dollar values. However, if you really wanted to save 'something' out of this fluctuating economy, I will suggest you to start saving and invest them in the gold...Gold does not decrease in value, and always increasing...The catch is you need at least $20,000 (in my country's value converted) to start investing...You can always take a loan from the bank, however...