when is the right time to save money for the future while you're still young?

you know, i began saving really young, since i was in elementary. i would save my birthday and christmas money and my allowance and i still have the money to this day (well it's in my parent's bank account, but it's set aside as mine in "our book") and it's a pretty good amount. when i graduated i got some money from my dad and with my parents' help, i began investing it. for me, it's never too early to save for the future. though actually i have been through what you are going through now when i got my first job, blowing paycheck after paycheck and then wondering where all my money went. after that i went through a phase in which i became a tightwad and my form of enjoyment was gloating over how much money i've saved in 15 days hahah. but my advice is: don't go into extremes. Enjoy yourself, but only use part of the money. save the other part for the future. i agree with your supervisor that you are young and you have nobody to spend your money on other than yourself. this precisely makes it a good time to save part of your money. don't wait until the time comes when you need to spend your money on other people, say your family or your parents, etc. to start saving, because by this time, you might not have as much money leftover to save. :)

Hi there! I think I would advice you differently than your supervisor. You should start saving by now while you're still young and able to earn and work. Cause time will come though we both know its not too soon but you won't be able to work anymore. Also you have to think of your future. Don't you want to be secure in the future? Don't you want to buy a house, a car, have a business in the future so you don't have to work for anybody anymore? How about having a family someday? These things you have to think about. You are already there and have thought about saving but you're just confused. You don't have to save everything. Only a part of your salary can do. The rest you can use it to buy things. reward yourself because you have been working hard. You see most workers or employees tends to think about what they're going to buy everytime they receive their pay checks. The result is they don't have anything to save and credit card bills. That would be the routine if an employee won't control it. People often times think that they have to work to have money to buy this and that. Don't think that way. Make money work for you, not you working for money.

Well the best time to save money is to save when a person is young. As a person gets older more will be the need for money. When I was young my parents brought me a piggybank to save small coins and the money I am getting. I think every person should try to save 10% of the money they earn for their old age. There is a custom in our state to save one hand of rice known as pidi ari from every rice a person cook and save it for the time when there is no rice. So I think saving is a very good habit and a person should try to save as far as possible.

hi friend, i started only saving my money when i am 27 already. why? because i had to complete my masters degree and my salary was small that i had no extra money for other things like luxury. even though i wanted to save, i couldn't. especially with the big expenses that i had for my necessities. why not just set aside even a small amount. it's never too early to start with financial management. you know what, because of my frugal living, due to the circumstances, even though i am earning bigger than i did, i still am hesitant to spend my whole salary shopping. guess, it developed a sense of awareness how hard it is to earn money. hope this helps. take care...

the sooner the better. i think 20s is the best. rather i would say the later part. by that time, education is over and you can safely venture into earning. but never take studies callously. there are the main foundation of the building. enjoy life and bye.