Do you believe that money saved is money earned?

I wish to get over this weakness because here place is at a premium Kiran;my cuboards are overflowing and I loll around in a nightie half the time.So I would suddenly become noble anddecide I won't buy sarees for an extended period; but when I g o out to buy a saree for some special occssion then that season[saree buying season]hits me hard and bang I go.

Hi kala, I too go through these various phases . There was a time when I was working and I used to wear sarees everyday . Those days I felt that I dint have enough sarees and I used to go on buying. then i had to give up working when i moved to Bangalore and now because of the life style here I am hardly wearing sarees daily, though I feel like wearing them...

kala I laughed a good deal when I read your response esp the part within the brackets, because it is the same case with me. I feel that is necessary spending LOL.I simply cant resist a good saree or a book. My children tell me that I can start a shop with all the sarees that I have collected , but I still go on adding. I keep making promises that I would never buy another saree for until next year blah blah, and I am already buying one within a week LOL...

Hi bamrahkirti, What you say is absolutely right. It is easier to earn than save. I too have realised that. I have a maid who saves more than I do LOL, she is so wise that when she came to work with me 3 years ago she asked me to help her get a savings account in post office and asked me to deposit half her salary there. It is a substantial sum now which has been put into afixed deposit, only thing is I have to lie to her drunkard husband about her pay. He comes and takes the rest from her on the day I pay her...But amidst all those adverse conditions she has been wise and intelligent enough to safe guard her hard earned money..

Hi samson, yes thats true money saved and invested is money earned. It can be investment in fixed deposits, property or anything else that appreciates ..Thanks a lot for your response

Hi, I agree that money is for spending. But if something were to happen and you find that you have no money to spend then what happens? It is precisely for that purpose that we need to save, so that we are able to continue living in the same style as before....

Hi France, thanks a lot for your response. You are absolutely right in saying that we need to save for a rainy day, for the future and for our security. I think if one makes the effort and practise saving from an early age it is not difficult to get into the habit of saving..

Hi amybrezik, Yes thats true, you can save only what is left over after you spend on your daily needs , thanks a lot for your response

Please do not try too hard or go for saving too much, we never know what is going to happen tomorrow, so we must not save at the cost of not enjoying our 'today'. Jokes apart, our savings/investments makes us feel secure and sound, so we must do it, even if we are required to curtail few of our desires.

Hi deepak, I agree with your views. I sometimes feel that had I been a little more careful before I could have saved a lot more. But at least now I am being careful and avoid any kind of unnecessary expenditure. As you have rightly said one can never be sure about the future and we need to save for a rainy day..

Well said deepak , I too believe that the present is far more important than an obscure far off future. It is foolish to be unhappy and deprive things for yourself and your loved ones with hopes for an unsure future. Saving becomes meaningful only when happiness and security is linked to it..