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~Nana~
Is saving money more important than enjoying the life?

I like travelling so much and every year at least one time I will go to a new city/country for tourism.

But my mother said we young people should save money as much as we could. She is always worried about what will happen in the future. I agree with her and when sometimes I saw something I like,or when I go travel,  I will tell myself ,"it is not necessary ".

On the other hand,some of my friends are really enjoying the life. They can use half salary to buy one necklace, no saving in the card and always use credit card.

I don't know which one is more important.  Saving for the future? or Enjoy right now ?


What do people in your country think about it ? Pls feel free to discuss!

(Could anyone correct writing and grammar mistakes for me?  Thanks a lot!    ^-^  )

Jul 25, 2016 10:01 AM
Comments · 15

It's a balance, and you need to find the right balance. 

Your mother is the way she is because when we are young, it is much more common to make the mistake of overspending than oversaving. A million companies and enterprises want your money, and will do whatever they think will get it; THEY don't care whether or not you are living beyond your means. Someone who wants to sell you expensive stuff will tell you it's "an investment," but it's not.

In the beginning, often young people are relying on parents to provide them with necessities, and therefore 100% of the money they earn can be spent on "discretionary purchases." When you are on your own, earning a salary, and have to pay for your own apartment, clothing, food, haircuts, visits to the doctor, taxes, insurance and so forth, it can be a real shock to discover that you need most of your paycheck to pay for things that aren't much fun to buy, and not much is left for travel, shows, and "nice things." It gets ten times more difficult if you have kids.

On the one hand, mistakes when you are young aren't as serious as when you're older. Economists even talk about "human capital." You have forty or fifty years ahead of you in which to earn money; your mother has less total money in her future than you do.

On the other hand, someday your parents aren't going to be around to help you if you stumble. It is really, really, really helpful to form the habit of saving SOMETHING, even if it isn't very much, when you're young. It's easier to increase your savings gradually than to start from nowhere. 

My advice is to find out if there is some way you can set up automatic savings--every month a small amount is taken out of your paycheck and put into a bank account. Automatic savings is the only way I've ever been able to save money. You can start by making it such a tiny amount that you don't miss it--$10 a month, maybe. Then you increase it later when your salary increases.

July 25, 2016

Both.

You have to save money to be a responsoble person, but you also have to enjoy life to be a happy person.

As long as you balance your budget, you're fine.

July 25, 2016
You should do both! Read this article about "Paying yourself first". https://www.wellsfargo.com/financial-education/basic-finances/manage-money/cashflow-savings/pay-yourself-first/ it will be a good reading exercise.
July 25, 2016

Nana, I can't correct you because I'm learning English too. But in my opinion, definitely choose travel. Save money just to live on, but don't buy things you will never use or are not important (like a necklace) and use the rest of the money to travel and enjoy your life. Things are a burden when becomes useless, memories remain forever!


July 25, 2016

I had the same question many years ago and fortunately I founded a solution: working like a entertainer in holiday resorts.

It's not an high salary but surely people feels good when dance or sing or act.

What do you think about it?

September 14, 2016
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~Nana~
Language Skills
Chinese (Mandarin), English, German, Persian (Farsi)
Learning Language
English, German, Persian (Farsi)