2007-01-29 20:29:18 · 15 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You can look at it from two different views and both will sound pretty justifying.
1) Some people believe to save is good because once you do that you can live with no worries with a good property for you and your future kids, etc. No we are not going to vocation because these couple of thousand dollars we can add to a house morgage or a car. Or no we are eating only vegetables today so when Thanxgivng day come by we can have Turkey on a table.
2) Situation # 2 is something that a lot of people need to consider. Now mind you situation #1 is perfect for someone who is ambitious and constantly moving, doing things, working few jobs and its just active in saving money. Situation two is more for those who is with steady jobs that for now are satisfied with their 2-3 bedroom apt and some some money in a pocket but not nothing that goes into saving just yet. These people rather life their life to the fullest. Because stuff happens and we all know one day you may not wake up and all the money you saved up wasnt going for anything. So before something liek this happens and its not so much money to just invest in something some people use it for pleasure. For example, frequent vocations to Carribean, South Europe, South America, etc. Those things cost but pay off because people have rest of their lives from work and have a good time, which is all we really need, but one you off vocation struggles payin bills begin again.
So it all up to people. I know numbers of people that follow case 2 and they are happy. They live everyday like its their last one without looking too deep into the future.
Now i guess it is just a matter of a personal courage and character, whether you always want to live your life to the fullest and have just a bare minimum and never really progress when it comes to good cars, better houses, even better job, etc. Or you rather take a risk of saving a lot and one day just spend it all on something very productive and personal comfort satisfying that will last, but at the same risking also to lose them young years where you could combined fun spending money instead of sitting home and getting old, preparing for a better life when you a grandma or grandpa.
2007-01-29 20:42:33 · answer #1 · answered by BK thang 5 · 0⤊ 0⤋
You should do both! You are never to young or old to start thinking about your retirement. As a matter of fact, the younger you are when you start saving the earlier you can retire. You should put away a predetermined amount each month into a viable investment product, so that you will have money when you get older. That does not mean you should not enjoy life while you are young. It's all about having a goal and a plan to get you there. The key is to have a written plan and follow it. If you get thrown off track, reevaluate and adjust your contribution to get yourself back on track. Best of luck to you.
2007-01-29 20:43:46 · answer #2 · answered by Chicka 1 · 0⤊ 0⤋
Well the question can be answered several ways. Everyone needs to save money depending on responsibilities they have like kids, retirement, house, car and unexpected events or expenses. However, you should surely enjoy your present and not hold back to anything you want to try or do as no one has really seen the future and this way you won't have regrets. Plan your big spending in cluster so this way you can save and spend accordingly.
2007-01-29 20:40:21 · answer #3 · answered by K G 2 · 0⤊ 0⤋
Yeah that's a Good idea! Better be poor now but later on you can enjoy life with out any regret for saving your money.
2007-01-29 20:33:31 · answer #4 · answered by naomi 2 · 0⤊ 0⤋
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2016-11-01 21:07:20 · answer #5 · answered by ? 4 · 0⤊ 0⤋
I feel that it is good to save some money now as we don't know how our future is like.
2007-01-30 00:59:30 · answer #6 · answered by Forgettable 5 · 0⤊ 0⤋
It is better to save your money for the futre, because rght now, if you have everything you need and you end up spending yor money on things you don't need, then if a time comes when you are in serious debt, you would start to feel like the stock market crash of the ealy 20th century again.
2007-01-29 20:33:48 · answer #7 · answered by Lief Tanner 5 · 0⤊ 0⤋
If you have had your family I say enjoy it while you are still alive -why die rich!!
If you are young, save money for your future, no one needs to be relying on the pension as their only income (food stamps anyone)
2007-01-29 20:41:27 · answer #8 · answered by Anonymous · 0⤊ 0⤋
c all u need is planing. plan ur money. say u take an X amount which u get monthly but out of that u keep sum money on the side n use the rest to enjoy n go wat u like. all u need 2 do to save money is plan. think rite n u can get everything.
best of luck
2007-01-29 20:33:31 · answer #9 · answered by ashi 2 · 0⤊ 0⤋
Don't waste your money and don't save them for another life.
Buy what you want, save as much as you need.
2007-01-29 20:32:23 · answer #10 · answered by LynX 3 · 0⤊ 0⤋