Comments on: Seriously, Why Save Money?

By: Zombie Money

Zombie Money — Thu, 31 Jul 2008 04:48:06 +0000

Good points. I’m saving all out right now to have a very nice dp
for a house and also have money left over. The other option is to
aggresively save for early retirement and skip the house option.

By: Joe @ Simple Debt-Free Finance

Joe @ Simple Debt-Free Finance — Wed, 30 Jul 2008 19:34:28 +0000

I think many of the people who follow this line of thinking are
approaching it from the mindset of saving to become wealthy. And
that’s not likely to happen, so they fail to see the point of it.
On the other hand, if they were thinking about saving money so they
could then invest that money, or buy appreciating assets with the
goal of accumulating wealth, then it’s a whole new ball game. I’d
rather have assets than stuff any day.

By: Jonathan Gowins

Jonathan Gowins — Wed, 30 Jul 2008 18:19:08 +0000

Great post…so true. A lot of times we find out “middle ground” by
comparing ourselves with others. I think that is the WRONG way to
go about it. I like you advice; find out what works for YOU. But
man, when the you-know-what hits the fan (and at some point in life
it inevitably does), you will be more than relieved to have money
in the bank. One mentality banks on living and randomly dying some
day (which of course happens at some point), while the other
mentality is that in the stretch of time I live, something horrible
could and probably will happen at some point and if I am not
financially prepared I could go ruined for the REST of the time I
live after that. I would definitely error on the savings side of
life Plus, your heart isn’t wrapped up in toys and things that
expire and break. Sometimes the people who spend spend spend are
the ones who have a midlife crisis from focusing on the wrong stuff
in life… Just my 2 cents

By: VTCastle

VTCastle — Wed, 30 Jul 2008 18:10:17 +0000

Balance is the key here as you’ve obviously stated. I like to think
of my savings/investments as a means of whimsical living. I’m
always a saver first, but if the desire to hop a flight to the
Bahamas becomes more than just an itch – I’m gone. Being a
successful saver/investor allows you peace of mind, and the freedom
to reward yourself far beyond those people who purchase trivial and
worthless possessions. For me, it’s all about quality over
quantity.

By: The Success Professor

The Success Professor — Wed, 30 Jul 2008 18:00:27 +0000

Very good post. Certainly there needs to be a middle ground. I
would rather people err on the side of saving too much and being
debt free. It is easier to fix the problem of not spending enough
money than it is to fix the problem of spending too much.