EARLIER DAYS, ELDERLY PEOPLE USED TO SAY 'save for the rainy days"

I agree with those sayings and I have always done my best to stick by them. However, it's not always possible to do that. It was a lot easier in those earlier days for many people, I think. Now though, a lot of people are lucky to earn enough money to just pay bills. I'd love to be able to save for a rainy day but that fact is that despite trying to live within our means, there is nothing lesft at the end of it to save! Saying that, there are people who get into serious debt simply because they want more than they can afford and they won't go without.

I belive in 100% we have to save money for unforeseen expenditure . i will tell u where this phrase help me . My husband has a LIC policy which his father has taken 1993 , it is very small amount 1296/- every six month . last year we came here means hyderabad . we have decided to take admission of my baby in good school which is icsc board and their admission fees 17350/- like that. my husband is working in a private company so we don't have that much in a bank . i just send Loan application to LIC and they send the cheque amount 17500/-. we don't belive this that this small saving help us when we need this .

We throw all our change in a jar. It has helped us so many times when a bill is due and we are a little short. This year, it was enough to do our Christmas shopping. My grandson noticed what we do and he has now started to do the same. Hopefully he will have good spending habits when he is an adult in a few years.

I agree with the saying. But saving has become very difficult. So what I do is I have instructed the bank to transfer some money to another hidden account as soon as I receive my salary. That money I keep for a rainy day.

We can learn alot by the older generation. My dad told me this saying. The older he got the smarter his dad became..I am now 36 years old and am finding the same thing...somedays it just irritates me because he is usually right. I am working on saving for a rainy day as you never know the future...

i never understood the meaning of this

I have experienced myself several times. If savings are exhausted, at times when money is badly required, it is difficult to get the funds. I fully endorse the view that people should save the money instead of spending all the money.

I believe in saving for a rainy day. I think it is wise to have at least two months saved up in the event of an emergency. Several years ago, husband and I had a business, he became ill and had to sell it due to health. The lifestyle we enjoyed then was too expensive for the much lower income we had. Through savings and hard work, we finally came out of the financial mess. Now we are even more careful to not fall into the 'I got to have it because it's new' trend that seems rampant here in America.

I beleive with the above saying. I am the kind of person who would save for the rainy day. I have saved a small amount of money which my parents are not aware of. My father is a businessman and he do need some urgent cash sometimes. In this kind of situations, I help him with my saving and if it is a big amount like Rs 10,000 I, just say that I have borrowed it from my friends so that he returns that to me and I can again give him back when he needs it.

Gosh that is so true. You need to save and not live beyond your means. It's alot easier said than done. You need to save a little every time you get paid even if it's just a dollar or two. It will add up. It may not seem like much but every little bit helps.