It is better to save the money, or it is better to save your money for the future. Comment. please answer this question for 20paragraphs.
Answers
First, savings always help us in case of emergency. Problems don’t wait for our permission, so it is always better to be prepared for that. As a student, it is important for me to have some extra savings in my account, because I am away from home; alone at new place for my studies, so savings make me feel relax and helps me in case of emergency. Suppose, if I meet with an accident, then I can use that money immediately, instead of running here and there for help. On the other hand, if I do not have any savings, then I might have to face many problems.
Second, savings always helps in future. It allows people to be relaxed and enjoy life without worries. Savings does not waste; if we could not use that our savings; we could help others, those who are in need of it. For example, we could donate somewhere, such as to the people those who faced natural disasters. Recently, we all heard news about hurricane sandy. People lost their houses, properties and many things. We could help such people. So, savings not only helps us in future, but also allows us to help others.
Finally, some people spend their whole life in making money only; some spend in enjoyment only, both are not good. I believe, maintaining balance between both is essential, because enjoyment is also important to keep ourselves active, relax, and fresh. But, there should be limitations. We should keep track for our expenditure and savings. This helps us to reduce our expenses and increase our savings. Hence, we should save some money for emergency and for future, instead of spending it immediately.
If you can’t afford to retire, send your kids to college or do something else you really want to do later in life, you’re going to be more than a little upset.
If you try to live like a monk and never buy anything today, your life will be pretty miserable.
After helping thousands of people balance their finances, I’ve learned that the reason so many people think they have to choose on or the other is because everything they’ve learned about managing their money is totally wrong!
Most people can’t save money for one of two reasons:
They don’t have a budget.
Their budget is so much work they can’t stick with it.
Most people learn to budget by setting budgets for every little category. This much for clothes. This much for gas. This much for food.
They’re told to cut as much as humanly possible. Stop eating out. Don’t buy that coffee.
The problem? This doesn’t work! At the end of the month, your spending looks nothing like what you predicted. Why? Because you haven’t made managing your money a daily habit. Instead, you’re tried to force yourself to make a bunch of changes you’re never going to stick to.
Creating a daily budgeting habit is far more important than categorizing every little expense and trying to cut back.
You need to have a good balance of saving and spending your money. I am saving and investing my money a lot, but not to the expense of me sacrificing the things I like doing most like travelling and eating out.
If you don’t reward yourself after a milestone, then what’s even the point of trying.
If you’re lost and would like to understand more about how to save your money and spend it at the same time, the book, would be a really good investment. It has a chapter called “beat the guild when rewarding yourself” which outlines how you can reward yourself without breaking the bank. The other chapters tell you how to save your money, make it grow, and prepare for retirement.
As a rule of thumb, one should definitely have savings and stay out of debt.
Once this is done then of course spending is a nice thing to do.
Financial independence though should be a priority.
Consumerism does not help people stay free and make mature choices as it has its base on impulse behavior and impact from advertisement.
With personal loans, inevitable student loans, car loans, home loans and so on people are not free to make their choices any more.
They get stressed and work down to dusk to pay down debts cutting down time from their family and friends.
They also become more vulnerable and weak to their sometimes disrespectful bosses because of their financial obligations.
So in a nutshell, save save save or if you better prefer, invest invest invest.
Hope it helps!
Answer:Money is very important to live happy life. Nowadays, we cannot buy anything without money. Money is essential to fulfill our basic needs. People, who have lots of money, spend their money as they want. But, people those who have limited money think twice before spending it. I believe it is good to save some money instead of spending it immediately, because we can use that money in case of emergency, and it’s good our future.
First, savings always help us in case of emergency. Problems don’t wait for our permission, so it is always better to be prepared for that. As a student, it is important for me to have some extra savings in my account, because I am away from home; alone at new place for my studies, so savings make me feel relax and helps me in case of emergency. Suppose, if I meet with an accident, then I can use that money immediately, instead of running here and there for help. On the other hand, if I do not have any savings, then I might have to face many problems.
Second, savings always helps in future. It allows people to be relaxed and enjoy life without worries. Savings does not waste; if we could not use that our savings; we could help others, those who are in need of it. For example, we could donate somewhere, such as to the people those who faced natural disasters. Recently, we all heard news about hurricane sandy. People lost their houses, properties and many things. We could help such people. So, savings not only helps us in future, but also allows us to help others.
Finally, some people spend their whole life in making money only; some spend in enjoyment only, both are not good. I believe, maintaining balance between both is essential, because enjoyment is also important to keep ourselves active, relax, and fresh. But, there should be limitations. We should keep track for our expenditure and savings. This helps us to reduce our expenses and increase our savings. Hence, we should save some money for emergency and for future, instead of spending it immediately.
If you can’t afford to retire, send your kids to college or do something else you really want to do later in life, you’re going to be more than a little upset.
If you try to live like a monk and never buy anything today, your life will be pretty miserable.
After helping thousands of people balance their finances, I’ve learned that the reason so many people think they have to choose on or the other is because everything they’ve learned about managing their money is totally wrong!
Most people can’t save money for one of two reasons:
They don’t have a budget.
Their budget is so much work they can’t stick with it.
Most people learn to budget by setting budgets for every little category. This much for clothes. This much for gas. This much for food.
They’re told to cut as much as humanly possible. Stop eating out. Don’t buy that coffee.
The problem? This doesn’t work! At the end of the month, your spending looks nothing like what you predicted. Why? Because you haven’t made managing your money a daily habit. Instead, you’re tried to force yourself to make a bunch of changes you’re never going to stick to.
Creating a daily budgeting habit is far more important than categorizing every little expense and trying to cut back.
You need to have a good balance of saving and spending your money. I am saving and investing my money a lot, but not to the expense of me sacrificing the things I like doing most like travelling and eating out.
If you don’t reward yourself after a milestone, then what’s even the point of trying.
If you’re lost and would like to understand more about how to save your money and spend it at the same time, the book, would be a really good investment. It has a chapter called “beat the guild when rewarding yourself” which outlines how you can reward yourself without breaking the bank. The other chapters tell you how to save your money, make it grow, and prepare for retirement.
As a rule of thumb, one should definitely have savings and stay out of debt.
Once this is done then of course spending is a nice thing to do.
Financial independence though should be a priority.
Consumerism does not help people stay free and make mature choices as it has its base on impulse behavior and impact from advertisement.
With personal loans, inevitable student loans, car loans, home loans and so on people are not free to make their choices any more.
They get stressed and work down to dusk to pay down debts cutting down time from their family and friends.
They also become more vulnerable and weak to their sometimes disrespectful bosses because of their financial obligations.
So in a nutshell, save save save or if you better prefer, invest invest invest.
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