Forced Savings
By madonna143
@madonna143 (1737)
Philippines
December 14, 2006 5:25am CST
Have you ever heard of this? To force yourself in saving money. Do we really need to force ourselves in saving money especially for people who do not have any planned retirement? Where should I force my savings on? A bank? Insurance? Annuity? Pension? I do hope I could teach myself to force save and not spend too much. Don't you think we should do this now?
1 person likes this
3 responses
@jep_toyo (1606)
• Philippines
11 Jan 07
currently i am paying a life insurance. its a 5 year contract and i have just started my 3rd year. It will be mature when i reach 30 or 35 - forgot which one. and i also have some savings in the bank and a time deposit also. ^_^ if ever i make money here, ill put it in the bank. save save save!
2 people like this
@madonna143 (1737)
• Philippines
9 Jan 10
Well this is good to hear. Only a few of us are able to be like you who has the capacity to save for a rainy day. Some of my savings are in the form of jewelry though. Thanks for the comment and have a nice day!
1 person likes this
@cizmapiele (349)
• Finland
16 Dec 06
Ok, it is a good way to reserve yourself a better financially oldness, a way to do it is a private pension. try it.
@emilieespino (963)
• Philippines
23 Jan 12
A friend of mine once told me that while you are young, try your very best to save money. When you grow old, you may not be able to rely on other people to help you, especially in financial matters. This is very true. So the lesson is, whereever you want to save, just make sure you have some savings. Have a nice day!
