How, where, and why do you save? Tell us about saving in your life

General
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I was looking for a savings thread like this but couldn’t find a “broader and more comprehensive” one. This is not just for sharing savings tips but generally for discussing saving money, assets, etc. For some, washing or vacuuming a car is saving. Generally, the thread is for talking about saving, not just tips.

The thread is not meant for trolling. Moderators, please remove it if deemed unnecessary, etc.

I can start:

Now that I’m getting my first salary at the end of the year, I plan to save 200-300e monthly for starting a business (2022-2023). The goal is to establish a sole proprietorship. The savings would be for a more financially stable entrepreneurial life during difficult times, for salaries, and for acquisitions.

I will put part of my salary into investments. Initially, I considered 350e, but then greed took over, and I’m putting in 400e. These sums will be used to buy stocks and add to funds every 1-3 months. This also provides some financial security.

A couple of hundred goes to a music project and just to a spending account from which I can buy something “bigger and nicer” every 2-4 months.

My biggest reason for this larger savings endeavor is to better pursue my hobbies and advance my dreams in small steps.

Aleksi98 FTH. “It’s nice to make money, but it brings just as good a feeling when not all of it is gone immediately on payday.”

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https://keskustelut.inderes.fi/t/tavoitteesi-sijoittamisella/7149 :vulcan_salute:

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With that sentence, I was referring to moments in an entrepreneurial journey that throw you off the safe tracks of entrepreneurship.

Let’s take a situation:

Since the beginning of the year, sales have stalled, and suddenly in July, you realize that you are, say, 10% in the red. You start wondering what went wrong, but you can’t find the problem. Let’s imagine that -10% would be, say, -5000-10,000 euros. If you also have separate savings of, say, 20,000-40,000 euros, you know that if bankruptcy were to hit from that situation within a year and 5 months, assuming that sales would stall by about 2-8% every month, the crash doesn’t feel so bad in terms of lost money when you can transfer money from savings, etc., to your personal account to cover the losses. I hope you understood the idea.