Topic: Untouchable Savings: Do you have it? - page 6. (Read 993 times)

I always believe that there is no such thing as untouchable savings.  Even when you are saving in banks, your money is being used by someone elsewhere.

Yes, I have untouchable savings that are allocated for my kids' future. As much as possible, I always do my best not to touch the funds and look for other alternative ways to earn in case of emergency. It is important that we can handle our earnings and savings well because if we don't have the discipline to keep our savings untouchable, we will just disregard the purpose and reason why we are saving.

I stumbled upon this interesting tweet days ago.


https://twitter.com/SchrodingrsBrat/status/1622320014215856128?cxt=HHwWgIC-9aPd0YMtAAAA

I stumbled upon this interesting tweet days ago.


https://twitter.com/SchrodingrsBrat/status/1622320014215856128?cxt=HHwWgIC-9aPd0YMtAAAA

Many of the comments are equally interesting. They apply the idea to all kinds of things including the game Resident Evil. And then I thought perhaps this is also true in the economic aspect of life. Perhaps this aptly applies to those whose economic lives are like the desert and whose little money they have they keep tightly for the hardest of days.

When I was studying in the university far from family and relatives or even family friends, I had a difficult time. Money is extremely scarce. Early mornings are usually for hot drinks-- coffee, chocolate, milk, tea, or whatever. I realized that what made those drinks important is that they are hot. So I learned to drink only a hot cup of water which I could easily ask for free from the eatery in front of where I stayed.

Come meal time, I would also request that the serving be made in half. That's to save money. But I had the money. I always made sure I have some. Emergencies and unforeseen expenses may arise anytime. So I need to have money all the time, but I won't touch it. Ironically, it also gave me hunger, inconvenience, discomfort at times.

My story is rather uninteresting, but let me know yours. Does this idea also apply to you? You could have the money to buy a new car to replace your old and broken one but you prefer not to touch it. Do you hold yourself from spending what you have to the point of depriving yourself of what you deserve? Do you keep significant savings for occasions that might only happen in your imagination? Or at what point would you allow yourself to be drained of your last penny?

Yes, I have untouchable savings that are allocated for my kids' future. As much as possible, I always do my best not to touch the funds and look for other alternative ways to earn in case of emergency. It is important that we can handle our earnings and savings well because if we don't have the discipline to keep our savings untouchable, we will just disregard the purpose and reason why we are saving.

Yes, I have untouchable savings that are allocated for my kids' future. As much as possible, I always do my best not to touch the funds and look for other alternative ways to earn in case of emergency. It is important that we can handle our earnings and savings well because if we don't have the discipline to keep our savings untouchable, we will just disregard the purpose and reason why we are saving.

My story is rather uninteresting, but let me know yours. Does this idea also apply to you? You could have the money to buy a new car to replace your old and broken one but you prefer not to touch it. Do you hold yourself from spending what you have to the point of depriving yourself of what you deserve? Do you keep significant savings for occasions that might only happen in your imagination? Or at what point would you allow yourself to be drained of your last penny?

I stumbled upon this interesting tweet days ago.

https://twitter.com/SchrodingrsBrat/status/1622320014215856128?cxt=HHwWgIC-9aPd0YMtAAAA

untouched saving, I haven't it! Most people who die with years of savings in their possessions have a fear of the future. the wisest thing is to prepare an emergency fund only because it is more useful than untouchable saving which is really not used at all.

Everything should really be in control or simply in moderation because spending too much is always been bad and there's no way that you wont really suffer out and this is where people been thinking or should be thinking
on which spending on something that is important which should be prioritize first and be practical as much as possible.We know that we cant be healthy forever on which there's a time that we might be needing
soo much money specially when health issues do able to hit up us hard where finances would be mainly be affected.In overall your riches cant really be brought into your grave and this is why
some people do really spend up on something which they do enjoy their lives.

untouched saving, I haven't it! Most people who die with years of savings in their possessions have a fear of the future. the wisest thing is to prepare an emergency fund only because it is more useful than untouchable saving which is really not used at all.

I have untouched savings, but those savings are in the form of a business that I manage. the story is like this, I have $20k but I use it to give a loan to a coffee company where later I get a percentage of the annual profit, on the other hand I need that money to buy a car or something else because it will make my daily work easier but in my mind  where money will make money is a wise thing to think about and if profits come why not use them.

indeed in the context it is clearly not the same as money that is not touched but that's what happened in my life. there are times when we have to save and there are times when we have to take it and also there is money that doesn't have to be touched in the long term. that's the economic cycle in austerity for the sake of unexpected things that come to us.