I plan, I save

@savypat (20246)
United States
January 10, 2013 1:22pm CST
I am good with money. we have a limited amount as do most elderly folks. So I save and I have a plan for what needs to be spent. Then life steps in and I take from savings for unplanned bills, mostly medical, but also household things that need to be replaced. One way or another there is enough, but now no savings for the next requirement. So I worry, how stupid can that be, if there is need there will be money or we will just do without. Or Borrow, the great dreaded word in my experience. How are your finances going so far this year?
3 people like this
10 responses
@marguicha (102118)
• Chile
13 Jan 13
I understand you perfectly well, savypat. Until my lymphoma, I thought I had everything under control, give or take. True is, the were some things I should have gone but did not have the money (mostly house repairs) and I decided that my old clothes would die with me. But medical expenses, even with some aids from the government, are now eating away my savings at a fast pace. I don{t know what this year will bring yet. Last week I took a taxi to the hospital (it was VERY warm and I didn´t want to go by bus) but now I´n saving by making very inexpensive meals. We´ll see.
1 person likes this
@wolfie34 (26793)
• United Kingdom
11 Jan 13
I was taught at a young age by my mother to be a frugal saver and I guess I have carried that lesson throughout my life, so I am comfortable and have emergency funds just in case, I learnt also it's not wise to tell your partner you save, my ex was terrible with money and didn't save a penny and yet their wage was triple mine! And I had savings they didn't, and yet they were always asking for money from me! I have money put away for my car as I rely heavily on my car and can't be without it, with the recession, inflation and the economy the way it is, I am grateful that throughout my life I have managed to put money aside just for this sort of event.
@mariaperalta (19094)
• Mexico
11 Jan 13
I have same thing here, I try and save then something comes up. With me its usually health matters as well.
1 person likes this
@Pose123 (21667)
• Canada
11 Jan 13
Hi savypat, Most seniors are in the same situation and it isn't easy to save any money on a small fixed income.I don't like borrowing either but sometimes we have to do it. Seniors now make up a large percentage of the population in many countries, a problem that the present and future governments will have to take into consideration. Blessings.
1 person likes this
@dragon54u (31636)
• United States
10 Jan 13
Things are very tight financially. I, too, try to save for emergencies but the money is hard to replace. I have minimal insurance so I pay the majority of every medical bill I get and I'm looking at several hundred coming due very soon. Right now I have at least two weeks before I get any money and the bills are piling up. I'm eating from my emergency stores to avoid tapping into my savings. It looks as if I'll soon not be able to make my house payment but I'm not worried much about losing it as I'll just move west with ruined credit. It's grim but not as grim as I expect it will get. I'm just glad I have some money in savings to pay for the gas to move when I'm finally forced out.
1 person likes this
@peavey (16866)
• United States
10 Jan 13
My finances go pretty much the same way as yours. I save all along, then use it to pay taxes or insurance or doctor bills. Somehow I skim by, but my total savings is shrinking all the time. I worry sometimes, but worry doesn't do anything, so I just leave it to God and go on. I have plenty. Food, a good house, warmth, clothing and a car that's paid for, so I shouldn't complain at all.
1 person likes this
• United States
10 Jan 13
I paid all my bills this month. I also bought 8 Christmas gifts for next Christmas. I have a house full of food and I am not in need of anything else till I get my next check.
1 person likes this
@dawnald (84146)
• Shingle Springs, California
10 Jan 13
There is enough money due to the nice severance check that I got from my former employer, but it isn't going to last forever. I am looking at my spending, and trying to find ways to cut back, save, etc.
1 person likes this
@maximax8 (28558)
• United Kingdom
23 Apr 13
Always most of my money has gone for my traveling. Since 2010 that has been second fiddle to my mortgage. Luckily we have the National Health Scheme in my home country so medical care if needed is free. I have most bills on direct debit. I am trying to save an amount every month until the end of November. I have it in a regular saving account for 8% interest. I find the cost of living is high. I wish I could spend less and I am trying to do that. Good luck with your finances.
• Philippines
21 Feb 13
You really are good about money. I am quite good about money , but not so good. last year was a disaster for me and my husband. We had savings and invested it through my brother in law but he re-invested it that led him to being scammed. Now he owes us around two hundred thousand pesos. This year, I started chaning my expenditures. I hope it will better off than lst year.