What are the bad sides of saving

July 12, 2018 11:58pm CST
i know it good to save and we do that a lot but it also has it downside like not enjoying all that we need,leaving our savings for others especially those not worth our dime and even becoming a miser.Why do you thing saving might be a waste of time?
8 people like this
13 responses
@JohnRoberts (109857)
• Los Angeles, California
13 Jul 18
Saving is always a good thing. You never know what emergency may happen.
3 people like this
@JohnRoberts (109857)
• Los Angeles, California
13 Jul 18
@augusta123 None. Cash on hand is always good.
13 Jul 18
yea,any disadvantage you can think of
1 person likes this
@JustBhem (70555)
• Davao, Philippines
13 Jul 18
I am saving but only in PayPal because I know I can't touch it because it will take 2 to 3 days before I will have the money. But saving in actual, I think I can't do that,
3 people like this
13 Jul 18
okay
1 person likes this
@yoalldudes (35040)
• Philippines
23 Aug 18
Maybe if we leave the payouts from myLot in Paypal after a few period of time, it would have accumulated to a substantial amount.
1 person likes this
@polaris77 (2040)
• Bacau, Romania
13 Jul 18
I think saving is beneficial because we never know when we may find ourselves in a complicated situation in which it would help us a lot, but we shouldn't overreact and turn saving into an obsession that would prevent us from enjoying life.
1 person likes this
13 Jul 18
Well written
@Jessabuma (31700)
• Baguio, Philippines
13 Jul 18
I don't think saving is a waste of time.. I love saving..
2 people like this
13 Jul 18
sometimes we might not be no more to enjoy it don't you think so?
1 person likes this
@Jessabuma (31700)
• Baguio, Philippines
13 Jul 18
@augusta123 yes, you have a point there.. I used to save in piggy bank but I feel lazy now so I'm saving in bank and in a lending company
2 people like this
• Philippines
13 Jul 18
I save in my bank because they have interests!
1 person likes this
13 Jul 18
yea bank interest is good
1 person likes this
• Philippines
13 Jul 18
@augusta123 it is small but it is better than nothing.
1 person likes this
@Lissiel (423)
• Philippines
13 Jul 18
The only disadvantage of saving that I can think of is when you put your saving into the bank and the bank gets bankrupt and close down without notice. Other than that, I don't see any disadvantage. But as an individual, saving is something that I recommend to anyone. It is really important, we wont know what will happen in the future.
1 person likes this
13 Jul 18
yea,you just stated a very important fact
1 person likes this
@maximax8 (31053)
• United Kingdom
2 Aug 18
If you have an emergency fund and you spend most of that money because your car breaks down you will feel bad about losing that money. If you are on government paid benefits and you save over the allowed limit it is bad for you. These days the Inland Revenue passes information to benefit offices. They can check claimants back accounts.
• Philippines
13 Jul 18
I don't think it's a waste of time. If you have purpose why you save money then there's no way of saying you wasted anything. I just love saving for emergency purposes, for our loved ones. That's it.
1 person likes this
13 Jul 18
good one
1 person likes this
@db20747 (43425)
• Washington, District Of Columbia
14 Jul 18
Save, Save, save, then treat yourself and don't spend it all on a moment's notice!!! Like bet it all at one time at a casino!!!
• India
13 Jul 18
Downside is that you don't spend..
• India
13 Jul 18
@augusta123 Agree...like when my hubby save and i came to know about it, i start spending much..
1 person likes this
13 Jul 18
@anamika161088 haha I can relate
13 Jul 18
and someone else might get to spend it
1 person likes this
@ARN4567 (1061)
• Baguio, Philippines
13 Jul 18
I think we should plan for it carefully...it is not bad to enjoy the things we earn, but spend on things needed not wants..and the excess would be for future use...cause we are not getting any younger...
1 person likes this
13 Jul 18
okay
1 person likes this
@Icydoll (36717)
• India
13 Jul 18
How come saving have disadvantages?
13 Jul 18
like a bank going bankrupt
@simplfred (20608)
• Philippines
13 Jul 18
"Leaving our savings for others especially those not worth our dime" Why you've said those lines?
1 person likes this
13 Jul 18
some bad family members takes away money meant for another
1 person likes this