Are you a saving obessive?
Discussion
Not sure about anyone else...but theres something satisfying about watching the numbers in my bank grow. my wage isnt great, but most of my wage goes straight into a savings account, and I try and do jobs at the weekend to earn a little extra money. i'm not happy unless im making money!!!
Gareth79 said:
I have been in recent years. I figured that the difference with the people who never save and are always broke is that they see "leftover" money as something they need to spend, not save.
exactly, i started to work quite some time after the rest of my mates...yet I always seemed to have more money than themEdited by Gareth79 on Tuesday 14th July 18:03
Yep, spend what you have to only and not what you want to.
If you ask yourself every time you look at something "Do I need that", 99% of the time the answer is no.
Each item left unpurhased is another few days, or in some instances weeks that you dont have to work when you retire early
That being said, its a pity nobody followed this years ago. Now the above approach will just serve to deepen the recession, or should I say depression. Still if the Goldman Sach's employee's spent all their taxpayer subsidised bonuses, it would redeem the imorality slightly, while also helping cushion the recession.
If you ask yourself every time you look at something "Do I need that", 99% of the time the answer is no.
Each item left unpurhased is another few days, or in some instances weeks that you dont have to work when you retire early
That being said, its a pity nobody followed this years ago. Now the above approach will just serve to deepen the recession, or should I say depression. Still if the Goldman Sach's employee's spent all their taxpayer subsidised bonuses, it would redeem the imorality slightly, while also helping cushion the recession.
Absolutely NOT
You could die tommorrow and who want's to the corpse with the most money in there savings account?
You need to live life as well as save a bit, but save obessively, that's what tight people do!! I've seen it before, I know a guy who earns a good six figure salary who never buys a round and has borrowed taxi money off his Administrator because he loves saving and counting his beans....Ummm
You could die tommorrow and who want's to the corpse with the most money in there savings account?
You need to live life as well as save a bit, but save obessively, that's what tight people do!! I've seen it before, I know a guy who earns a good six figure salary who never buys a round and has borrowed taxi money off his Administrator because he loves saving and counting his beans....Ummm
flyingjase said:
Absolutely NOT
You could die tommorrow and who want's to the corpse with the most money in there savings account?
You need to live life as well as save a bit, but save obessively, that's what tight people do!! I've seen it before, I know a guy who earns a good six figure salary who never buys a round and has borrowed taxi money off his Administrator because he loves saving and counting his beans....Ummm
I generally feel happier when I have a few k stashed aside, kind of emergency fund. I dont mind saving towards something but your right there needs to be a balance, still gotta anjoy yourself.You could die tommorrow and who want's to the corpse with the most money in there savings account?
You need to live life as well as save a bit, but save obessively, that's what tight people do!! I've seen it before, I know a guy who earns a good six figure salary who never buys a round and has borrowed taxi money off his Administrator because he loves saving and counting his beans....Ummm
When I worked in the public sector and knew the coffers would be refilled every 28 days, and that come old age there would be a warm pension pot I used to spend it all, perhaps save a bit for a holiday or car, and put something side for the kids but generally didn't have much left each month. Seemed a lot of my public sector collegaues did the same.
Then I became self employed and knowing there is no guarantee of the coffers being refilled certainly sharpens the mind. I first tried to get 3, then 6 then 12 months of basic living expenses behind me, then pay off the mortgage. Then the target was making sure the reserves didn't drop which has been tough with markets and interest rates so poor.
Saving is a really good habit I only wish I had learned 20 years ago.
Then I became self employed and knowing there is no guarantee of the coffers being refilled certainly sharpens the mind. I first tried to get 3, then 6 then 12 months of basic living expenses behind me, then pay off the mortgage. Then the target was making sure the reserves didn't drop which has been tough with markets and interest rates so poor.
Saving is a really good habit I only wish I had learned 20 years ago.
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