Do you save MONEY for your future?

@mymytri (2032)
India
June 15, 2007 6:33am CST
Well.Do you alert and care about your future?Is this necessary to save money for future?As for me it is "YES".We cant guess how our future will be ?So i decided to save some of my earnings for my future needs.but am confused where to save...Is this safe to invest my money in shares,real estate where we can earn big money or to rely on bankers and insurance cmpanies who pay small interest on my deposits?help me with your thoughts... Do you started saving money.....?
8 people like this
30 responses
@yemberzal (301)
• India
15 Jun 07
If we have to save money, to do any business out of it,will not make it safe because in trade you have profit and loss but if you have enough good money , then real estate is the best option and if it is small, then deposit the money in government controlled banks and not private having no control of any government because these banks become bankrupt easily. I do not believe in future savings, i believe God, who provided me food inside my mother,s womb, will not keep me hungry but not to be idle but go on working sincerely
@mymytri (2032)
• India
15 Jun 07
ho..yemberzal!!you seem dare about your future..!goodluck
1 person likes this
• India
15 Jun 07
You have well guessed, you can see i am optimistic and god dependent and quranic verse, any one who has faith in God, should understand HE is with them , believe me I feel more richer , when i sense God is with me. Please take it an opinion of a person , not a point to be discussed.
1 person likes this
@mymytri (2032)
• India
15 Jun 07
well..ok :)
1 person likes this
@easy888 (10405)
• Australia
15 Jun 07
Hello,mymytri,i do really care about my future and i know it is very important to plan and save money for my future during the rainy days. Although i do not earn much in my day job,i have tried to cut down my expensiture,i hope every cents will stacked up to a respectable amount when times go by. THe type of investment depends on how much risk you can bear,of course shares and real estate are more risky but they may have better return. Bank deposits are of less risk but also low return. If you realy want to invest in shares,it may be better to invest in those blue chips which will be safer and should rise in value in long term.
@mymytri (2032)
• India
15 Jun 07
hi..easy888.Interesting..blue chips???whatz that? i dont know abt that..more info pls..
1 person likes this
@easy888 (10405)
• Australia
15 Jun 07
For example in the stock market, the stock with largest market value is always the blue chips which have stable growth in share prices over time .
1 person likes this
@mymytri (2032)
• India
15 Jun 07
good idea easy888.thanks for your information
1 person likes this
@Flight84 (3050)
• United States
15 Jun 07
My husband and I are doing better with saving money, but it would help if I was making more. I should be in a few months though. We have a savings account and a checking account that we always keep money in. My husband has stocks and something else from his grandma, but we won't have access to those until she passes away. I fully believe in saving money because we don't have enough to gamble with something happening in the future. You have to be prepared.
1 person likes this
@mymytri (2032)
• India
16 Jun 07
hi..flight84.yeah we should be careful about our future needs.hope you will share bog money and goodluck
@lucy67 (819)
• China
15 Jun 07
yes, i save money for the future. i used to put my money in the bank but now i invest it in shares because i can get more from it.
@maryannemax (12170)
• Sweden
15 Jun 07
yup. investing in shares is a more efficient way of putting your money as savings. they grow better in shares and stocks. although there are risks of losing, we enjoy the benefits we get from these shares. we lose some, we gain some... for as long as gaining is more than losing!... anne
1 person likes this
@mimpi1911 (25454)
• India
15 Jun 07
yes, i am quite organised taht way. i do follow a good saving scheme. i have Life insurances, Mediclaim, NSCs, PPF and i even have some mutual funds. sometimes i save in stocks as well!! this not only saves money but also keeps me away from paying less tax exemption to great extent. thank You.
1 person likes this
@mymytri (2032)
• India
15 Jun 07
great.you seem very careful and intelligent in savings.goodluck... mimipi1911
1 person likes this
@lynboobsy11 (11346)
• Philippines
15 Jun 07
I want to save money for my future and of course for my kids but as I hold my money I don't know where my money goes. I tried saving but lots on undesirable expenses always come. And sometimes I just thinking that maybe I will have to thanks what comes to me in favor.
@mymytri (2032)
• India
15 Jun 07
hi..lynboobsy11!some this this happens..keep trying to save..:)
1 person likes this
@pc5971 (38)
• Romania
15 Jun 07
Yes, I try to save some money for the future, but sometime is difficult because my earnings are not very good.
1 person likes this
@mymytri (2032)
• India
15 Jun 07
hi..pc5971..try to save whenever you have..it is good for ur future.thanks for your response
1 person likes this
@limcyjain (3523)
• India
15 Jun 07
Yes we do plan and save for the future requirements especially for the studies of our kids and also the kind of money that would be required for their marriage. We have our targets and try our best to comply with them. I have invested in stocks have bank fds and postoffice deposits for the same.
@mymytri (2032)
• India
16 Jun 07
hi limcyjain..great care..goodluck
@alpine_007 (1476)
• Pakistan
15 Jun 07
yes, i save some money for the future, i think that if you want that you don't have any problems when you grow old then you need to save money for the future
@mymytri (2032)
• India
16 Jun 07
hi..alpine.ok:)
@eva_diva (287)
• Philippines
15 Jun 07
Hi. Yes, it is important to save money. We really dont know what would happen in the future but the thing is you sound like you're not yet sure what to do with your savings. Play it safe, I for one use the bank. Until you make up your mind and gather feedback from those who have been there, from those people who actually saved their money, in real estate and shares. You will be needing expert advice on this but for now, try the bank.
@mymytri (2032)
• India
16 Jun 07
hi eva_diva.thanks for you information ok:)
@maryannemax (12170)
• Sweden
15 Jun 07
when i was still working as a licensed pharmacist, i always leave in the bank a percent of my salary a month. i wanna make sure that i can have something in the bank to withdraw in case of emergencies. it's necessary to keep something for the future. we don't know what will happen. better to be prepared than have nothing at all. at the moment, the earnings i get from myLot is invested in an online site. and i love my earnings there. been earning there since january and i am more than satisfied with the results i am getting... anne
@mymytri (2032)
• India
16 Jun 07
interesting maryannemax.you are better for me and strated mylot earvings investing in an online site.i will also try to that ..i hope i will get earnings this month.great idea and good luck
@lovedude (4454)
• India
17 Jun 07
hii !! yeah I do save some money for future.. I am not sure whether its sufficient or not but I do my best to save so that in future i haven't ask anyone for money..
@farazkh1 (1157)
• Pakistan
17 Jun 07
Savings is definitely a treasure not just for you even for the generations to come so i would suggest you to invest your money in real state or GOld but real state is the best way to invest money and save it for centuries not decades it also can provide you shelter in bad times .............. I am not earning enough money so i could build my savings but whenever i will start earning enough money i will definitely save it for my childrens future and my first priority would be Real State ........
@vonne28th (1494)
• Philippines
16 Jun 07
I am now starting to save money for my future. I started to work harder now and limit my other expenses like those things i am not necessarily using. It is okay if you want to save your money in the bank coz that is what i'm also doing right now. Just limit your withdrawal slips heheh..
@venshida (4837)
• United States
16 Jun 07
Investing in a 401k is the best way to go especially if your employer has a company match. I think you should educate yourself, on investment and don't rely on insurance companies and bankers. I use to save, but since losing my last job, I have being struggling so I am unable to save. The only savings I have is my 401k.
@charms88 (7541)
• Philippines
16 Jun 07
Hello mymytri, I'm quite fortunate to be able to save money before settling down. Over the years,I only use my interest from the bank to pay for my daily expenses. I also invested in insurance which offers a higher interest rate than the one the banks are offering. It can be risky and I chose company that are reliable and have a flawless reputation.
• India
16 Jun 07
you can make a diversified portfolio with govenment bonds,shares,real state and debentures. shares gives you max returns as well as it takes away max at times . pls cconsult a fortfolio manager and get the amx details amd save your future. i do save 40% of my pay cheque
@derek_a (10902)
16 Jun 07
I think it is important to save something for the future. Even when I was earning a little, I would put a little aside in a savings account, and then when earnings improved, I would put more aside.. I have never put money in anything that can lose. A friend of mine did and whilst the markets were good, his money grew and grew, much more than mine was. But then came a crash and he lost nearly everything, along with of his initial investment. He said he was just going to sit and wait it out, and slowly it recovered and then came another crash which made things worse. If he had cashed in at the right time, at the market's highest, he would have done really well, but he didn't and that is the trick guessing correctly when to buy and when to sell. It is up to each individual, but if you want security, don't play the markets because investments can go both ways. If you don't mind taking risks, then OK, go for it.
• India
16 Jun 07
Money is very important for us to survive in this materialistic world. Yes, i do save money for future.GOD forbid if something happens to me or to my hubby atleast my kids will not suffer. It is not that, that i don't have faith in GOD but future is always uncertain.
• United States
16 Jun 07
I really need to get some money for my immediate future, so its hard to worry about what is to come 30 years down the road.