Is saving for a rainy day good?

Life is full of ups and downs. One cannot predict when one gets plenty of money and when all the money or lots of money disappear due to unforeseen expenses. Therefore, it is better to save money, so that one can avoid a situation where there is no money to pay for essentials. Hence, this save for rainyday slogan.

of course saving for the rainy days is a must. you see no one knows what will happen in the fuute so we must always be prepared. we should not also expect anyone else to support our needs. we must al be independent.

Yes I think it is good to save a little, I was brought up to save and I bought my own home as a young single woman so I think it is good but I don't think people should stop living to save, one must enjoy life a little because no one know how long we have in this life so we should enjoy.

I say live each day as it comes! You'll never know if you will still wake up to live another rainy day. :)

Most times I don't save for a rainy day. However, I do save money for the time when my car breaks down and I have to replace it. We've had to replace our car five times in the last ten years. And, if we didn't have the cash, we would have been in poor shape. Luckily we've always been thrifty and smart money managers, so it was simply one more investment that we could afford. It pays to be prepared, even if you are young!

of course it is!...

We can never be sure of what future holds for us, so it's always good to have something left for us during rough times in life. There's also a saying that, "What goes up, comes down." So I guess it's a simple reminder for us, that we should make good use of what life gives to us and also give thanks to all the things we receive..

Financial rainy days is just as possible as the physical weather today can change. Today, we would never be able to accurately predict or predetermine the occasions of such adverse weather conditions. All truth are parallel. There is no difference when it comes to financial situation. Saving for a rainy day should be better phrased as saving for rainy days. It does not just rain for one day, so to say. It is always a rainy spell. It is good to put aside a percentage of our income and to be untouched as an interim measure should hard and challenging times pass by.

i understand you point that we have to be positive about all things. but saving for the rainy days doesn't really mean being pessimistic because you're anticipating the worst. it's like taking vitamins everyday. we do not want to think about getting sick, we always try to maintain a positive outlook and being sick is the last thing in our minds. but eventually, the body goes thru its natural wear and tear. we just can't help but get sick at one point or another. we are just bound to experience rainy days so we just have to prepare for it. i think that we also have to learn to enjoy the present and not live for rainy days, like not put all our money in the bank just to prepare for the rainy days. just keep a bit just in case. and besides, let's say you never get to have rainy days, then you'll have a whole lot more to spend since you saved up.

i think one should save some money for the rainy days .You never know ,you might have to go through a rough patch in the future.

definitely! even if you think that the rainy day won't ever come, it's always wise to save some money, be it for your rainy days or not! we should all save a bit of our salary instead of just spending it unnecessarily. it's better to be safe than sorry :)

I don't think the rainy day has to mean you don't have a job. I think positively, but when the furnance needs repaired or like last month my clothes dryer quit working, it is nice to have that rainy day money put back. If I hadn't saved it, it would have made it hard on my budget when something like that comes up.

Saving is a good thing whether it is for a rainy day or not. We cannot forecast anything and cannot assume that everything will be fine in future in terms of finance. So, it is really good if we start saving money for the unseen future. Even if you lose job temporarily the saving habit comes as a life saver.

I understand that you do not like the concept of "rainy day" per se. If the concept seems like preparing for catastrophies, then you're probably right not to put your energies there. However, the longer you live, the more experiences you have. Rainy days means to me: car breaking down, a relative not having their mortgage money, a business idea I might want to pursue, getting arthritis or diabetes. Maybe you just need to change the language to "a prudent reserve". It's true that you can't take it with you but as you get older you will want to work less, so being a saver will help you greatly in future endeavors.

I think saving is for "rainy days" which include sickness and job loss. No matter how positive your outlook in life, you still have to consider that things change and that you cannot expect life to be always good. The point in saving is for you to have leverage when those rainy days come.

I think it is good to save for a rainy day, I always have enough money to pay for things like the excess on my insurances and things like that, if you dont and something goes wrong could you afford to come up with the amount of money you need to fix your house or your car if something goes really wrong, and things usually go wrong when you can least afford it so at least if you have something put away for this you dont have to worry

Saving for a Rainy Day is to keep aside an amount of money for a time in the future when it might be needed, be it an emergency or for major expenses such as buying a home, education, hospitalisation or retirement. It is an important aspect of managing your money that everyone should prudently practise. In your case, if you do not have an income, it will certainly be difficult for you to think about this savings aspect. That is understandable - for now. What you need to do is to get a job first, or find some way to earn a living and be able to provide for yourself, at least at a level that can meet your basic needs. But once you are able to do that, then you should try and adopt a habit of savings even if it means just starting small. The important thing is to try and not spend every penny that you earn, and make it a habit to leave a little behind as savings. Once that habit kicks in, you will be on your way to saving for a rainy day. As you earn more over time, increase this amount bit by bit, and when you have saved quite a substantial amount, invest it wisely and let it grow. You will be amazed how much a little can grow to over time. You may not be able to start now, but you have to start someday however small. If not, years later, you will still be where you are without any savings for your future.