Live for today or make long term plans for the future ...

@kiran8 (15363)
Mangalore, India
May 31, 2011 7:36am CST
Sometimes I get thoroughly confused with this issue. While most of us feel that we have to live for today taking life as it comes, we are also advised to make long term plans for our future. I know of a couple who have been married for 12 years and have 2 children. The husband never keeps a steady job and she spends all he earns, but they seem so very happy , living in different categories of rented places depending on the cash position and also going for holidays when there is money. I happened to ask them if they had made some investments for their children's future and thought of having a house etc etc; they have done none of these and neither did they have any plans to invest. What could happen to their future? I wonder if it would come in the way of their happiness in the future. Or I wonder if they would just go on living as they are now and the children too have the same attitude towards life - I wonder if this is the right attitude towards life or wrong or it really does not matter as long as they are happy and take responsibility for their life and their childrens' Friends, share your own views and thoughts on the subject
1 person likes this
9 responses
• India
31 May 11
In my idea, you should live today as it comes and enjoy the life.But do not forget to save for the future. If not your enjoyment will short live. God has given everyone certain things that you should definitely enjoy. Living today tightly and saving for the future is not adviceable
1 person likes this
@sjvg1976 (18039)
• Delhi, India
1 Jun 11
Hi mathan welcome to MYLOT. Nice to hear you.
@kiran8 (15363)
• Mangalore, India
1 Jun 11
Hi mathan, Thanks a lot for your response I agree that we should not think only about the future and neglect our present.With careful planning it is possible to have a good life today and also save and plan for the future - all the best and happy mylotting
@kalav56 (11503)
• India
2 Jun 11
mathan11! Welcome to the forum. What is the meaning of 'living tightly ' today? It varies from person to person unless a person really starves himself or denies himself some real essential item if he needs them. Even this 'essential ' varies with each individual. But, I have seen absolutely poor people who borrow and splurge on a cell phone or pay Rs 30 for a caller tune when they earn rupees eight hundred. Don't you agree Kiran?
@anil02 (2886)
• India
31 May 11
Hello Kiran, it is thought of anicent time that we live for today and don't think about future. But this principal is not suitable in present time. Now we have not joint family system. If we have any emergency in future and want some money than what we do if we not saved any amount. Saving is must to meet emergency and for the exp. of future like higher education of children their marriage etc. So every one should plan for future.
@kiran8 (15363)
• Mangalore, India
1 Jun 11
Hi anil,Thanks a lot for your response I agree that one must make provisions for our future but at the same time we should also not get to the point where we forget having fun and enjoy life.I feel that there should be a balance in life ...
@anil02 (2886)
• India
1 Jun 11
Hello Kiran, if we want to get some thing we must be loose some thing. If we want to save for future than we must forgot some enjoy of life. I think we should meet out our minimum present needs. For saving if we ignore education of children than it is not good thing.
@kiran8 (15363)
• Mangalore, India
2 Jun 11
Hi anil, that is very true. We have o first prioritise our needs and then spend and save accordingly. This requires a lot of planning since one should take care to give importance to the present as well .
@dream_ozn (1758)
• Singapore
31 May 11
Hi Kiran, I have the same sentiments as you do. I am confused with this issue too. We are advise to both live for the present but yet at the same time, we need to prepare for the future. These two idea really contradicts themselves. Sometimes we just want to be happy, we want to live in the present. Ever heard of live life to the fullest? You definitely have right? If we were to do so, we won't be able to make plans for the future. If we were to spend everything we have today, what will we be eating tomorrow? I guess, we need a good balance here. However, it's really difficult to achieve in real life. However, i think the couple that you mentioned, they are happy with their current life. But what happen if something were to happen to them? They won't have the means, don't have the extra money in case of some emergency. I guess we just have to decide what kind of life we really want. But, in either way, we should try to live life happily.
@kiran8 (15363)
• Mangalore, India
1 Jun 11
Hi dream_ozn, I agree it does confuse , but here is also wisdom and truth in the saying that we need to save for a rainy day !Regarding my cousins - I worry more about them than they do about their future . Last year , They got their share of property which amounted to 5 lakh and odd rupees. I would have thought that they might have saved at least a part of it. But they went for a foreign trip and bought a car and blew up the whole amount. As of now, the car is a depreciating asset and so it is almost like they have absolutely no savings inspite of having been given an opportunity. They in the mean time dont seem to care either way..
@dream_ozn (1758)
• Singapore
2 Jun 11
Similarly, I go get irritated when my bf spend everything in his bank account during each month. He will spend whatever is there in his bank and everytime during month end, he will be broke. I really hate that. You mention about your cousins. Looking at your description, i worry about them too. For me, I need to make sure I have some amount in my bank where I will never touch. This is for me in case of emergency. I wonder how can some people live securely when they have no savings.
@kiran8 (15363)
• Mangalore, India
2 Jun 11
As long as things are going right, meaning you have a steady income and a roof over your head most people do not bother, like wise with your bf. But when things become shaky and you become unsure of your future then you realise the importance of saving and investing for a rainy day...
@kalav56 (11503)
• India
31 May 11
From what I have seen, many people from the lower strata of society,[like our servants] live a 'day to day 'existence. THey work till their last breath because sometimes we see very old women also doing menial jobs. Among the educated classes, by and large, there is better awareness. However, as in the case pointed out by you, these are people who believe in enjoying life. THere is nothing wrong or right Kiran here because people like us would feel it is being foolish --what happens if they are unable to earn? WHat happens if something untoward happens? How will their children get higher education and facilities ? Now, these would be our thought processes.Obviously they do not think in these lines and believe in 'enjoying' themselves. I do believe that their happiness in old age may be risky especailly with mounting health care expenditure etc.., Are they extremely rich people [children of rich parents ?] But I have also observed that people who 'enjoy' life and live life for the present do crib when they get expenditure after a period of time. How can one pay for fantastic education at the higher level? If parents sacrifice a bit, their children can pay money and study if they are unable to get seats.
@kiran8 (15363)
• Mangalore, India
1 Jun 11
Hi kala,lolo, the funny part is that the people I mentioned are not well to do or have any great ancestral wealth coming to them.The problem with them is that they have some false notions regarding life. They feel that things would go on in the same manner. That the man would be fit and strong and always keep earning - but they should at least think about the children's education, I feel. I wrote about another instance that happened last year in the above post- that is their attitude and as of now they are carefree and seem very happy
@kalav56 (11503)
• India
2 Jun 11
Yes. I too saw that . Some people are like that; normally poor people behave like this[not trips I mean but they feel like enjoying themselves without saving anything becasue they work very hard all day long and and do not care if they sepend a month's earning on an occasional indulgence.THere are some others who would spend for the sake of show too. I know of a poor woman , a vegetable vendor who spent 20000 on the occasion of her son's birthday or some ear piercing ceremony.She had a lout of a husband and this woman used to lug vegetables on her head for ehr regualr income. Only uneducated people behave like that. It is rather strange when educated folk s are like this.THier concept of enjoying life seems weird. WHat happens if someone suddenly falls ill, is unabel to earn money for the family? But, GOd takes care .
@dpk262006 (56109)
• Delhi, India
1 Jun 11
Hi Kiran! Even if one live for today, one need to make plans for future, specially, when one' has a family (including kids). If one does not plan for future and just go on spending all the money, s/he will be in deep trouble in case of any adverse situation. Planning is must for a secured future. One portion of the income must be saved because one never know when one will land in any kind of trouble and if one has money/investment, one can feel secured, else s/he is doomed.
@kiran8 (15363)
• Mangalore, India
2 Jun 11
Hi deepak, I agree with those sentiments. My own father never bothered about saving till very late. Bu he gave us a wonderful secure life and we cherish his memories. He did something very wise though. He used to give all of us children pocket money every day and encouraged us to save it. He also opened SB accounts in our name while we were still at school, in fact I was probably e only girl in my class those days to have a bank account. Later many other students followed suit..My mother on the other hand was a teacher and used to save whatever she could manage to do so from her limited income....
@watergirl (569)
• Philippines
31 May 11
thinking too much of the present is just as bad as thinking too much of the future. We need balance in our lives. Work hard, enjoy life, but leave some for the future. Unfortunately, finding a balance can be very challenging. All we can do is try and learn from our mistakes.
@kiran8 (15363)
• Mangalore, India
2 Jun 11
Hi watergirl, may be you are right. We dont need o do too much of thinking , but take some practical steps to secure our future .No doubt that it is not easy to do the balancing act. I have myself seen how difficult it becomes each quarter when I have to pay the insurance premium.Many a times I wish I didnt have to do it, and I would have a little more spending money...
@bingskee (5237)
• Philippines
31 May 11
life is given to us to cherish and enjoy. planning is good. it makes life easier. but being impulsive at times makes life interesting. what i mean is doing things without that much planning, and enjoying them, is a life worth to live. plans have controls and measures. they limit. many would disagree but most plans are intended to be met to gain material things and possessions, and good results that could bring these things. but why the fuzz for all these things when we will all die one day, and cannot be able to bring them all to our grave, or to another world that we are destined to go? just thinking...
@kiran8 (15363)
• Mangalore, India
1 Jun 11
Hi bingskee, Thanks a lot for sharing your views and thoughts...I too feel hat too much planning and steering our life along a certain chosen path can be boring.There should be a balance in life so that you do not miss out on one by chasing the other...all the best and have a nice evening
• India
31 May 11
Kiranji I live a well planned life, i have struggled much , i did the most honorable job, no bribes, no ill earned money, lived a decent, though not very luxurious.. And the result, i have my own houses, very good bank balace and fixed deposits, my kids follow me and they are happy too. I repeat i am passing through the BEST phase in my life.. Thanks for this nice discussion God bless you, have a nice day ahead. Professor ‘Bhuwan’. .
@kiran8 (15363)
• Mangalore, India
31 May 11
Hi Professor,thanks a lot for sharing your views I am glad that you feel happy and contented at his stage of your life. When we look back on our life we must have no major regrets and have a feeling of satisfaction that we have done the best we could under the circumstances.I wish you and your family all the best - happy mylotting
@webearn99 (1744)
• India
31 May 11
I have had a very unstable life as far as health is concerned. Survival in question every five years due to a major surgery or debilitating disease. This has made me balance the 'living in the moment' desire against the planning required to carry on with my responsibilities. I don't have money but have children who are working and leading satisfactory lives. The desire now is to earn enough just to keep me and my wife being dependent on them unduely in our old age. I aim to have fun at it while it is on.
@kiran8 (15363)
• Mangalore, India
31 May 11
Hi webearn,thanks a lot for your response I can understand how it is with you.I guess one has to balance life as best as one can and why not enjoy life and have some fun no matter what - all the best and happy mylotting