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Saving VS Spending

Levina Shares Money - Posted: 4/8/2009

To tell you the truth, it's really no competition. Of course the winner of this epic battle will always be saving.

But let me share with some good points when it comes to saving:

1. It's the ultimate tip to building your money.
2. It's the most reliable method of keeping what you've worked so hard for.

However, there are still some bad points when it comes to saving:

1. It can become the most selfish thing you ever did for yourself and others.
2. It can hurt your family and loved ones.

So with that being said, there are surprisingly some good points when it comes to spending:

1. It can relieve some stress in your life.
2. It can be a way to bond with friends and family.

Of course, there are some bad points when it comes to spending:

1. It can make you poor.
2. It will leave you nothing when you really need something.

The main point here is that there's always that boundary that you have to maintain between saving and spending. Don't save so much to the point that you can't even enjoy the good things in life like going to the beach, or taking an out-of-town trips. It's always a good way to bond with the people who're close to you. But of course, it also applies to the point that don't spend so much that in the future you may have nothing left. Don't be an impulsive buyer; it's never a good habit to keep.

So how can you maintain that boundary? Why not save some money then invest it to something? Then nurture it and make it grow. But learn to back it up with some knowledge to the thing you're planning to invest on, don't also be impulsive in making decisions. Being impulsive is never a good thing and so is being too cautious, so take some risks. In the end, there's always something to be reaped from what you've sowed. :)