Sri Lanka declares bankruptcy

MaxPower · Postby **MaxPower** » July 11th, 2022, 5:10 am

How much does the average Trini save a month?

Kickstart · Postby **Kickstart** » July 11th, 2022, 8:56 am

MaxPower wrote:How much does the average Trini save a month?

Saving makes no sense unless if you invest it to offset inflation.

matr1x · Postby **matr1x** » July 11th, 2022, 9:15 am

Saving means the expenses less than income. But with employers not increasing salaries and costs going up where will you find the money to save?

Dohplaydat · Postby **Dohplaydat** » July 11th, 2022, 10:36 am

Kickstart wrote:
MaxPower wrote:How much does the average Trini save a month?

Saving makes no sense unless if you invest it to offset inflation.

Better than not having or spending on depreciating assets.

Most places have not increased salaries in the last 5 years as well, hell a few decreased salaries because of covid and never brought it back up to previous levels.

matr1x · Postby **matr1x** » July 11th, 2022, 11:01 am

Greed is what is going on

j.o.e · Postby **j.o.e** » July 11th, 2022, 11:27 am

Kickstart wrote:
MaxPower wrote:How much does the average Trini save a month?

Saving makes no sense unless if you invest it to offset inflation.

You need to save before you even consider investing. Without a cushion of savings you will always be touching your investments or borrowing when emergencies pop up

Kickstart · Postby **Kickstart** » July 11th, 2022, 12:06 pm

j.o.e wrote:
Kickstart wrote:
MaxPower wrote:How much does the average Trini save a month?

Saving makes no sense unless if you invest it to offset inflation.

You need to save before you even consider investing. Without a cushion of savings you will always be touching your investments or borrowing when emergencies pop up

Unit trust does not need a lumpsum

j.o.e · Postby **j.o.e** » July 11th, 2022, 12:34 pm

Kickstart wrote:
j.o.e wrote:
Kickstart wrote:
MaxPower wrote:How much does the average Trini save a month?

Saving makes no sense unless if you invest it to offset inflation.

You need to save before you even consider investing. Without a cushion of savings you will always be touching your investments or borrowing when emergencies pop up
Unit trust does not need a lumpsum

Yes but if you don’t ever save and put aside an emergency fund you will keep going into UTC and withdrawing your units for every little emergency.