Learning the virtue of saving

United States
June 18, 2011 11:57am CST
After the big recession recently, I believe people are learning the virtue of saving, and save for the rainy days. From various sources of statistics indicated, more and more American struggling to pay off their debts, credit cards, mortgage, car loan, student loans etc...... It is a good news, and I won't have to overspend our budget on everything we like. Learn to hold you impulse, and think about if you can't pay for something, don't buy it with these plastic card. It just would get you more and more in debt. I also learn my lesson on this one, and hope everyone would understand it too.
1 person likes this
7 responses
@KrauseHome (36448)
• United States
17 Aug 11
Well, right now due to everything going on with me Health wise, it would be easy if there was a way we could somehow be able to save instead of having to SCRIMP for everything. Personally it seems like everything continues to get worse to where we have to use the Credit Cards to pay for medications and often time food. It would be nice if there would be an end in site, but knowing thru it all God is still in control.
• Philippines
19 Jun 11
I always save even if I have money to spend. I save since I was kid. I learned it on my own. I save coins. Lately I have been saving even the smallest amount coins. I believe if I save much I can buy whatever I want. Now I have 3 piggy banks, they are actually in differents sizes. My biggest is close to getting full. It has a counter and that inspires me to save more. When it is full, I seriously don't know what to do with it. But I told myself, I'll open another bank account and save it all there. I actually have 2 different account. Both has money. Opening up my 3rd, I believe I could save more.
@greenline (14838)
• Canada
18 Jun 11
With the cost of living rising all the time, one certainly needs to keep the expenditure under control. A simple things like gasoline cost for the car. I used to go to work driving my own car before. Byt, these days, with the price of gas rising, I am taking the public transport. That takes more time to get there, but less expensive.
@megamatt (14292)
• United States
19 Jun 11
For sure, saving is extremely important in any day and age I would think. These days, now more than ever before, it is extremely essential to save all of the money that you can. If you want to have something for a rough time, then you got to be selective on what you spend. Cheap might be too strong of a word, but really there are a lot of times where people need to be a bit more creative with how they spend their money and allowing enough to be left over to save themselves something nice. That is a quality that is truthfully lacking in a lot of people. Their inability to save even the slightest amount of money and that does get them into a great amount of trouble. In the end, you got be very careful with what you spend and smartly save some of your money. If nothing else, it builds to a better future and you are able to live more comfortable if there is something bad happening. That money that you make, its not going to become magically invalid if you don't spend it right away. There are things that you need that will require some money, but sometimes a major failing of people is they mentally swap things they need, with things that they want. It doesn't matter how you save, just save some money in some way. Its not what you make, its what you save. That is what its all about.
• Canada
18 Jun 11
That's very true. Nowaays everyone has the option of taking loans or buying things on credit. Many people buy things they actually cannot afford. It is now that we are realizing we NEED to save money, instead of spending money we do not have.
• India
18 Jun 11
yeah even i really want to learn saving. from last one year i am thinking about saving some money from my pocket money but its just not happening and some ways i am not able to do it. :(
@dodo19 (47038)
• Beaconsfield, Quebec
18 Jun 11
It is true that we all should learn to save more, especially considering that many of us do have a difficult time paying our bills, our debts, and such. It's certainly not something that comes very easily to a lot of people. I'm certainly one of them. I do want to save and all, but like many, my husband and I are in a situation where we're having a difficult time paying our bills and such. But we certainly are trying.