what is the importance of saving in life ?
By niftytrader
@niftytrader (79)
India
July 25, 2011 10:59pm CST
"Don't save what is left after spending; spend what is left after saving". This is the famous quotes of Legendary Warren Buffett about importance of saving in life. Now question is this, what mylotters think about this quotes?
Are they follow this rule in their life ?
If yes, then what is the reason ? and
If no, then what is the reason ?
1 person likes this
3 responses
@Shankerj (241)
• India
26 Jul 11
There should be a balance between the savings and expenditure, I believe that one should save according to their future plans and Financial security needs. However one should not compromise their essential daily needs for a saving.
@anurag3786 (6267)
• India
27 Jul 11
I think there are very much importance of saving in life. Because if we have saving in our life then it would be helped us when we really needed of this. But there are many peoples who want to spend in present and never think about future for saving. I have also a friend who is very fun making and believed to living in current time not in future.
@niftytrader (79)
• India
28 Jul 11
You are right,Your friend's feeling is very common in current time, especially in youth generation.
@TrvlArrngr (4045)
• United States
31 Jul 11
It's hard to follow if you barely have enough to pay the bills and eat each month.
