The Importance Of Saving..

My grandfather always told us growing up that he saved $5.00 from every paycheck he made. Any amount you can save adds up over time, even if it is just $1.00. I think something we live beyond our means and think that we are poor because we can't afford to pay bills. We are only poor because of poor choices. We choose how much money we make, even now more then ever. Some aren't able to work and have to depend on the government, but they can work online if they are able and earn just that little more. Even from the checks they get from the government they can set aside one dollar a month and have $12.00 at the end of the year, $24.00 at the end of the next, etc. We all should think more about our futures. The US has social security benefits, but it's been said that when mine and my husband's generation gets to be old enough to qualify, there may not be any money to be given. If we think about it that might be the case because of the economy there are less jobs, because of less jobs there is less social security paid in every check.

Yes, I agree with you. You need to develop saving habit from your early years. My parents taught me to save money when I was 5. Each time they gave me pocket money, I needed to collect them in a special wallet if I wanted to buy something big and valuable. Now I always try to save some money, but it is not always easy, as I want to travel and enjoy life now, not when I am old.

If I could turn back the hands of time. I would definitely saving all the money I could possibly save. I would have started and took saving money as a serious matter when I was younger. Now I am having a hard time with my finances. I am trying my best right now to clear myself from debts and save money for my future.

Yes it is absolutely true that money saved is money earned.The more we save the more it will provide us opportunities to earn.I am working full time thus bearing the two responsibilities of office as well as family.When i see my self ten years down the line,i will be not be in a position to work as much as i am working now.For that i have to start saving today to reap its benefits in future. I invest almost 50% of my earnings and rest i put in bank and withdraw according to need.Keeping in mind the cost of living and other economic factors,we all should spend and save judiciously.

I subscribed to the idea that savings should be in the form of income-producing assets or investments. If savings is in the form of cash, it's very inefficient and likely to be affected by inflation.

Saving is good habit. If we save today only it will be useful in our future. So we must practice the saving habit everyday.

This is a great point to remember for everyone. I just responded to one discussion where member has lost his job and this is a practical answer. Life is so unpredictable that anything can happen to us so we should be prepared for the worst. Maybe that I have a good job today but who knows tomorrow. So save money from today's earning and save ourself from any future problems.