Saving money is important?

India
November 21, 2010 3:57am CST
Every one saving money for what ever may be the reason but saving. But we know if we dead than there is no any use of than money for our self than also we are earning more & more money & saving it. So do u think it is logical? Or what your opinion on saving money.
8 people like this
33 responses
@youless (87667)
• Guangzhou, China
21 Nov 10
I am a Chinese. Saving money is important for Chinese. Nobody will know what happens tomorrow. We feel safe when we have some deposits. We tend to save some money from our salaries. Usually we don't like borrowing money from the bank or others if it's not necessary. I love China
1 person likes this
@apsara60 (6613)
• Israel
21 Nov 10
No sawant1982, I have no savings, though I very much want to save for my old age and for my children, somehow, in spite of being working women and having husband working too, we are just not able to save anything.....how and why.....is a long story,...but I wish I could save something. Saving is a good habit because nobody knows what is waiting for us in the future. Times keep changing, so there is no harm in having some savings for your bad times. But if there are people who have lot of money even after saving.And if they do not use money for their own comfort or donate sometimes to needed people, then there is something wrong with them. For such people I would say logically, it is not right to just keep running after money.
• India
21 Nov 10
hi It is important to save money for the future. We do the jobs, we do other works in which we have to spend our money.. So dont spend much money. It's better to save your half salary. It's an good habit. One person dosent know what will gonna happen in his life. So save money, is best habbit. :-)
• Israel
22 Nov 10
I also think it's important to put some money for a rainy day or for old age. That said, giving to charity is also very important. Donations can make a big difference at times.
@alottodo (3062)
• Australia
23 Nov 10
Hi sawant...I believe a little saving is good, you can use it your self when times are taught...and we all have some of that! every now and then. Saving gives me the pleasure to go and buy a present to some one I love, a birthday,a wedding, what ever, it's good to think if something come unexpected I can come up with something to give. Yes I think a little saving goes a long way!
@dodo19 (29362)
• Beaconsfield, Quebec
3 Feb 11
I do think that it's important to save money. I think that having some savings can certainly help with some traveling, some outings, and things like that. It's something worthwhile, in my opinion.
@hmkoct5 (2067)
• United States
6 Dec 10
I think having some money in savings is important because you don't know how long you are going to live and you may need it someday. I don't think you should go overboard with saving money though. I know some people who won't spend any money. They put all money in the bank and they always seem unhappy because they don't do anything fun. I think it is important to have a good balance of saving money and having fun!
@jambi462 (4598)
• United States
25 Nov 10
I would have to say that saving money is definitely important. Not having any back up funds or always struggling financially tends to build up a lot of unwanted and unneeded stress. Of course just saving all of your money and never spending it on things to entertain yourself or improve your life isn't really recommended either. Finding a balance of spending and saving is essential if you have long term goals that may require a good amount of money. My only real reasons for saving money right now are to try and pay my way through college. I am also trying to save up to the best of my ability in a separate account so that way I can afford to move into a new house in a different town sometime in the near future. I've been trying to save for these reasons to try and improve my girlfriend and I's mode of life in the future. I just hope that someday I'll be able to pamper my girlfriend the way that I've always wanted to, and give her the spoiling that I feel she deserves for being such a sweetheart.
@paula27661 (15900)
• Australia
24 Nov 10
I have no savings to speak of because my husband’s and my earnings do not stretch that far. If we had more money coming in I would like to save for specific purposes such as a holiday, renovations etc. It is sensible to have a little aside for a rainy day but saving just for the sake of accumulating money is not healthy in my opinion. I believe it is always a matter of balance.
@RamRes (1725)
• Argentina
24 Nov 10
It's always important to save some money. I see those savings as a safeguard just in case something happens, we never know when some emergency may call us, maybe a friend needing our help, or an important thing that we must buy asap. And of course, saving is important to reach big things, say to buy our car or house, as our salaries are not enough so we must save. Our reward of our effort is that big prize of that thing we desired so much. The problem is when we go so far to save more than we can spend latter while privating ourselves of small things we want. Or even save and that money being forget under the mattress
• Philippines
23 Nov 10
It sure does. It's not just logical, it is also practical to save money. We don't know what will happen in the future. Maybe we lost our job or maybe somebody in our family get sick or maybe we wanted to buy something very important, so in times that we need it, we can have it right away because of our savings.
@aerous (13475)
• Philippines
23 Nov 10
You right! Saving money is very important most especially this days. But I can't save money whatever I do...
@tjades (3594)
• Jamaica
22 Nov 10
The thought of dying and leaving a lot of money behind (which of course will be of no use to them) has influenced many people's decision not to get good insurance policies or maintain a good savings account. For me it makes sense to have a few good insurance policies and one or more good savings account. Any thing can happen which would result in the need for me to get my hand on the money made available through my account or insurance policies. I would not like to be caught in a beggars position. Moreover if nothing goes wrong (illness or some other calamity) then I can withdraw money for pleasure. I have no problem leaving money behind for my family.
@34momma (13918)
• United States
22 Nov 10
i think saving money is very important. no you can not take it with you of course. but you can leave it for your children, for your extended family, or charity. there are many things you can use that savings for. just because you can't take it with you, doesn't mean you don't need to save it and allow that money to help someone else!
@ANTIQUELADY (36491)
• United States
22 Nov 10
i AM A FIRM BELIEVER in saving money. U never know when those rainy days are goping to come along. I wish everyone would think ahead & put some money back every week no matter hw little it is. U just never know from one minute till the next what's going to happen.
• United States
22 Nov 10
Saving money is important. However, I don't know alot of people that are able to save money. For myself I'm just trying to stay out of debt and reduce some of that debt and pray that one day when I am working full time that I can accomplish this.
@silverglint (2001)
• Philippines
22 Nov 10
People have different reasons for saving. Like for me, I save because I want to be sure that I have money to spend when there are emergencies like hospitalizations. I want to be sure that I have enough to provide for my family in case I suddenly lose a job or is unable to work. I do not save just because I want to save, I save because I want to have some sort of security that I have somehow prepared for future needs that might arise.
@tedeng06 (60)
• Philippines
22 Nov 10
Money is the most important thing nowadays. You can't live without it. But the best way to save money is by spending it wisely. If you have spare money left better invest it on a business or have a bank account and save it for future purposes.
@hanni711 (243)
• Philippines
22 Nov 10
It's just logical to save money for emergency purposes. Besides, money is the only means by which people can buy things. There is a saying that we need to save for rainy days. It means we never know what will happen the next day.Even if we die, we still need money for our interment and burial.It will be hard for our family if we will burden them about our burial.
@calpro (933)
• India
22 Nov 10
Hi, We human beings cannot predict future. We don't know what will happen tomorrow, for that matter we don't not what is going to happen next moment.Without Money in this world we fit for nothing. While going back to home we could be met with an accident and for the treatment we would require huge money, If we have savings like Fixed deposit,Govt bonds etc are they will come handy.If not where will we run for money. Earn Money and spend wisely, save for your future. All of sudden there might be a unexpected disaster or inflation might rise up suddenly, anything can happen. A Rupee or dollar or pound saved is produced. Do not be miser but be wise in spending. Happy Savings Calpro
@verabear (797)
• Philippines
22 Nov 10
I think saving is important because you'll never know how long your income will be steady. So you must set aside some money in case there is a crisis. But we must differentiate from just keeping all your money in savings and refusing to enjoy your earnings a little at a time. As they say, you can't take your money to your grave. So what's important is how you live within your means while you're still earning and still alive. I hope I made sense :)
@cher913 (25895)
• Canada
22 Nov 10
saving money for retirement is very important and should be started as soon as you have a good job.