Do you think there are certain times when you shouldn’t feel as bad about not saving money? I read an article on Quizzle about When it’s Ok to NOT save money.
Here are the three times that are listed in the article:
- If you’re a college student. When you’re in college, you might be tempted to never go out because you would rather save, but there’s a point where you can just NEVER go out and just never have fun. Every now and then, it’s fine to spend a little money on yourself and get lunch with friends (assuming you have the money and you’re not just putting it on a credit card).
- If you’re a parent of young children. It says here about not depriving yourself of every little thing in order to save. You should still try going on date nights and hiring a babysitter.
- When you lose your job. If you lose your job, then it’ll be difficult to still put that certain percentage into savings every time. This is what emergency funds are for right?
What do you think? Now, obviously if you don’t have the money, you shouldn’t be frivolously spending it just because.
The only time I think is when you lose your job. There is no way then – there is nothing coming in!As for parents with young kids – you really to save then! College kids – if you are making money – then you need to save something.I am not talking about large amounts – just something. If you have something coming in, then you should have something going to savings as well. You should not denying yourself of everything, but moderation in all things is key.If you deny yourself of either savings or spending – you are burning both ways! Not good.A little bit of this, a little bit that – makes a happy person.
I like this, I've not thought about when is it ok not to save money. It has always been about saving money. Personally I have a really hard time saving money, when I was in college was the worst, with books, classes and events it's nearly impossible. – Vhttp://stylishlyme.com/PS: Beautiful silk scarf giveaway on my blog, please pass by to enter!
So I shouldn't be doing the retail therapy thing???!.. dang.
Alex M says
When you have enough saved!
I would say trying to save should happen at all times, even when you are pushing the limit. When you don't have money coming in, and if you are getting unemployment I sure as heck would save as much as I could!
I agree to try to save whenever possible, even if it's tough.
The Chic Etoile says
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We need to work on the date night thing. And we have half less of an excuse…with family members near by we are lucky enough to not have to pay for babysitters.
Uh, need to work on saving in general. I think it's important at all times!Oh – Fancy That.
Always save!! I don't think you can ever have enough saved. If you lose your job, there will still be areas to cut back on if the opportunity to save is not there.
I think you should always save a little for a "rainy day"… Peope are too "self-entitled", thinking they "deserve" everything & constantly "treating" themselves instead of tucking a few dollars aside. Even if it's just $5.00/week! You just never know…
Melissa Wilson says
I don't really understand this. I mean, it doesn't seem to be talking about "saving" money, but rather simply "not spending" money.
Hmm… Yeah, I'd say it's only ok if you don't have a job, at which point you'd probably be relying on the money you (should!!) already have saved. Treating yourself every now and then is important, so you don't feel deprived and go hog wild, but I don't think having kids is an excuse to not save unless you really, truly only have enough income to cover the bare necessities. Even in college, I saved $1000 to open an IRA during my junior year because I wanted to start saving for my retirement as soon as possible!
I can agree with this article if it they mean that you skip out saving once in a while not all the time.You should always save, but in those situations I know people usually feel that they have to sacrifice everything to just save. A little break won't hurt and I think that is what the article is trying to say.