Nothing LEFT to make things RIGHT?
September 6, 2012 1:00pm CST
In this kind of condition we are having, wherein our economy is unstable or should I say our life is kind of unpredictable. I tend to work to earn and save for the future. Even how small it is. It will eventually add up. It surprises me of having this thought because for the past few years I have not been thinking of saving some of my income. Previously, I usually work so as to have money to buy an expensive gadget and have luxurious life. I learned my lesson, I will save now. It's never too late. Promise. Do you work to earn or do you work to spend and nothing to save? Any thoughts please. Thanks
6 Sep 12
Of course everyone wants to earn, spend and save a little. But it depends on each individual salary, work and lifestyle. Some people works and spend more than their salary that gives them trouble in the end when they are facing some emergency and they don't have a little savings.
6 Sep 12
One thing is true. Our expenditure portfolio expands corresponding to our income portfolio. some people spend more than income also. calculated savings at least 20-25% of earnings is advisable. it will help when one retires or to meet emergency situations also.
• United States
23 Jul 16
I have an Emergency Fund account at a bank that I don't use for other business transactions. All the money I earn from myLot or from selling things, I put into this account. I also add money to this account from time to time. I don't touch that money for anything. If I were to have an emergency, then I know that the money is there.
6 Sep 12
mikyung: It is good to save at least 20% of one's earning. In case husband alone works it may be difficult to save. If both husband and wife work it is advisable to save at least 50% of income of one of the two. It will help in future. But with the cost of inflation money saved becomes useless or less use. better to buy gold/silver or real estate when one can.