How much do you save every month?

India
October 15, 2008 9:44pm CST
Some people live for today and spend what ever they earn and infact borrow on credit and spend even future earnings today. Some live quite comfortably and yet save soem money for future needs. Some live in a miserly manner and scrounge on every penny and die with a fat bank balance. I am of teh second variety. I do purt aside some money for emergencies and future needs and then live comfortably. with grown children expenses tend to grow, but then one has to live within one's budget. I just got a daughter married and spent all my savings. Now i have to recoupe for my second daughter's marriage which should fall due in another 3-4 years. what about you? Do you save or live for today?
1 person likes this
3 responses
@redkathy (3375)
• United States
16 Oct 08
I lived for the day for a good amount of time. They say life is learning and I have since learned. Now I put something away every month whether I think I can or not.
1 person likes this
• India
16 Oct 08
better late than never. always have something for a rainy day,
• United States
16 Oct 08
I save, save, save! With the failing economy, you never know what is going to happen tomorrow or next week. However, it can be hard saving money with a kid who has ADD and needs a lot of help in that. I do try to save atleast $50 $60 each week. If I lived for today, I would have absolutely no money by the end of the week. I don't want to become like my aunt- who has to spend $100 on a handbag she'll only use once a year. Or, if someone doesn't dress like she does, looks down on them. I want my daughter to grow up working for the things she wants rather than expecting everything on a silver platter.
• India
16 Oct 08
Save alright but be careful withe the banks failing, younever know when you savings will just vanish. make a balance saving. Don't live a deprived life and then find that your savings are gone too and later too you have to be living hand to mouth. Extravagant purchases like a $100 hand bag is only for the ultra rich. for them n expense is too much. Middle class people can't afford that sort of lusury.
@teison2 (5924)
• Norway
16 Oct 08
I'd say both. We have tried living on too little money for a couple of years due to illness, so now we make sure we have a buffer for rainy days. Still we have had good fortune on our side, and was almost debt free before we took on my mans family farm. We do try to live as well as possible and use our time well. If we can afford something that is not too wasteful we will indulge from time to time. i also enjoy treating people I love to something nice.
• India
16 Oct 08
That is wonderful. One really gets lot of joy in giving. The smile on the person's face makes your day.