Do you save for a rainy day? Or do you empty your pocket dry?

@psyche49f (2504)
Philippines
April 26, 2007 5:24pm CST
Whether you're a student, a housewife, a working professional, a retired person, do you make it a point to save for a "rainy day" What drives you to save a portion of what you have? Or do you spend every centavo for one reason or the other? I would like to hear from you dear readers, hoping I can also gain valuable insights. Perhaps you can include some tips on saving money, or spending wisely and the like. Thank you!
6 people like this
8 responses
@lightningMD (5931)
• United States
26 Apr 07
Right now we have no money to save,and we have exhuasted our rainy day fund. Hopefully when we get back on our feet we can rebuild the fund.
3 people like this
• Philippines
19 May 07
yes, i understand how it happens sometimes, lightningmd. maybe all of us will go through this experience, at least for once in our lifetime. i hope that you will soon recover from the financial quagmire that you are in. good luck in your life and may all the good things soon be coming.
• Philippines
19 May 07
i have noticed that having some savings was easier to achieve when i was still a student. my parents covered for all my school expenses. so, if i get odd jobs, everything that i get in terms of my pay, goes to my savings. when i started working, i had to stick to some tight budget in order to be able to do it. when my children started coming in, disaster as regards my savings started to set in. i am doing my best always in order to be able to effect some savings at all times. but emergencies always float in terms of medical expenses and my savings always end up depleted. nontheless, this condition has kept on challenging me to earn and earn so i can always be armed for emergencies at the financial level.
• Philippines
6 Jul 07
I do save. I think its just right to do this thing so we wont have to worry if ever times of emergency come. I usually keep at least 5 percent of any earnings I get. I also do recycling so we would be able to cut the cost of budget.
1 person likes this
@psyche49f (2504)
• Philippines
7 Jul 07
I also do that these days...we should really save for the future....
• United States
1 Jul 07
I think you have to save. We never know what is around the corner or what could happen. And, I never want to be down to my last dollar. Nor do I want to live paycheck to paycheck. I spend money wisely. Of course that is not to say I don't buy the things I want, I do of course. However, I don't waste or blow money. I think blowing money is a sign of immaturity on some level....some people are unable to save. Being unable to save, is different than spending until broke....
1 person likes this
@psyche49f (2504)
• Philippines
10 Jul 07
That's right, we really have to save, even how little the amount per payday is...every penny or cents count, right?
@natalie1981 (1997)
• Singapore
24 May 07
I always save some of my salary. In my workplace, we sort of have a savings and loan association that gives higher interest than banks and that's usually where my money goes. Though I only save a specific amount of my salary and any extra will go straight to spending on anything I want. LOL.
• United States
20 May 07
I'm a starving student. I just graduated from college and want to go to grad school. I have money saved up but it should only be used for emergencies. I truly hate spending money. I only feel comfortable when i save. I buy clothes, food, and eveyrthing cheap. I try to get most things free, or cheap with a coupon, savings, discounts, rebates, or simply try to get samples.
1 person likes this
@Savvynlady (3685)
• United States
10 Jul 07
I am a working woman, and believe in saving for a rainy day because the days do come and what you gonna do? at the same time, when you got pressing issues like I do(getting school clothes for kids, one daughter graduating next year)you get anxious, so yes, I try to hit the bank and put some away THEN that way, I take it off and move on.
@kelly60 (4548)
• United States
24 Jun 07
I always try to save a little, but something always comes up and I need to spend it.