Save to save your future

Residents of metro cities are proud of their lavish lifestyle. Movies every consecutive weekend, dinners in luxurious restaurants, EMI-backed cars, and branded clothing are what we feel our world is. Definitely, the rise in the spending capacity of citizens represents the strength of the nation’s economy. However, other parameters too exist, that measure the vulnerability of the economy to contingencies and tough times. Every penny that you spend/ consume is what you do not save. Higher your consumption, lesser the amount of savings and this in turn lessens the overall savings of the economy. Let’s first decide whether or not to save.

Future is unknown- The bare fact, which has helped insurers to set up regional offices in every corner of the nation. Hence, you may be asked to spend more than what you expected tomorrow. That too, without the option of postponing. This is when your savings turn out to be blessings, helping you spend on critical matters without hesitance. Let’s understand this with a situational analysis. In case I am paid INR 300 per day and I spend 200, saving 100 for future contingencies. Now, post 10 days I can afford visiting a doctor and shed 1000 that I saved. Not just for risks, we save for inflated benefits too. I could have bought a school uniform and books for my daughter with the saved 1000.

Yes, these are too common facts and we have learnt these from our ancestors. Yet, are we moving on the right track? 200 for a movie ticket, which comes out to 400 for 2 and 1000 for 5, and most of our movies are a hit. Ranging from glasses and shoes to cars and cellphones we possess, we are competing with the never-ending competitors. MNCs which have helped Indians fetch handsome salaries have on the contrary extended money to the hands of untested. The other effect is the enhanced purchasing power of one section of the society, which has lured sellers to extract more profits at same cost; however which in turn has let down those with restricted pays. The wide gap is bound to widen further with unjustifiable spending habits.

Let us also know how our spending and savings affect the overall economy of the nation of which we are a part. The corporate entities and the government too access available savings through banks and capital market by either borrowing or issuing shares/ bonds. Imagine the trouble when financial institutions do not have enough funds (savings from households) to meet the nation’s financing needs. Sub-optimal economic growth, sub-optimal job creation, and subnormal living standard in comparison to nations with better savings performance are the outcomes. Then, with inflationary powers you are bound to save nothing even if you wish to.

Imagine a distinct scenario now. Low saving households eventually enhance the burden on the government to provide social welfare services, limiting the government’s capacity to spend on infrastructural development viz. roads, railways, schools, hospitals, and ports. This is turn affects the growth of the industrial sector that demands proper infrastructure to prosper. Savings thus is one of the most vital pillars of the economy and households are its key constituents. I read this somewhere ‘Do not save what you are left with post spending; rather spend what is left post saving’. Herein too, start early, make sure that you comprehend your future financial needs, and entrust your money to reliable financial institutions.

112 thoughts on “Save to save your future

  1. Tarun

    Excellent post. I was checking constantly this weblog and I’m impressed!
    Very helpful information particularly the ultimate section 🙂 I take care
    of such information a lot. I was seeking this certain information for a long
    time. Thanks and best of luck.

    Reply
  2. Mohit

    Hello to all, how is thhe whole thing, I think every one is
    getting more from this web site, and your views aree fastidious designed for
    new people.

    Reply
  3. Parul

    Hello thеrе!
    I could have sworn I’ve been to your blog befoгe but after browsing through a few of the posts I realized it’ѕ neѡ to me.
    Regardless, I’m certainly haƿpy I ѕtumbled upon it anԀ I’ll be book-marking it and checking back rеgularly!

    Reply
  4. Narender

    I don’t even know how I ended up here, however I assumed this
    publish was great. I do not recognize who you are however certainly you are going to
    a well-known blogger in the event you are not already.
    Cheers!

    Reply
  5. Harinam

    I like the valuable information you provide in your articles.
    I will bookmark your blog and check again here frequently.
    I am quite certain I will learn lots of new stuff right here!
    Best of luck for the next!

    Reply
  6. Prema

    What’s Happening i am new to this, I stumbled upon this I’ve found It absolutely useful and it has helped me out loads.
    I hope to contribute & help other customers like its helped me.
    Great job.

    Reply
  7. Paul

    I do agree with all the ideas you’ve offered on your post.
    They’re very convincing and can definitely work.
    Thank you for the post.

    Reply
  8. Madhav

    You’re very intelligent.
    You already know the significance in the case of this matter.
    Your post consider numerous angles of information.
    Your own stuff is excellent.

    Reply
  9. Sai

    Hi there everyone, it’s my first go to see at this site, and piece of writing is genuinely fruitful in favor of
    me, keep up posting these types of content.

    Reply
  10. Shubhi

    I need to to thank you for this wonderful read!! I certainly loved every little bit
    of it. I have got you book-marked to look at new stuff you
    post…

    Reply
  11. Chitra

    Very great post.
    I simply stumbled upon your weblog and wanted to say that I have really loved browsing your weblog posts.
    In any case I will be subscribing on your rss feed and I hope you write once more very soon!

    Reply
  12. Salil

    This is a great tip especially to those new to the blogosphere.
    Simple but very precise information… Many thanks for sharing this one.
    A must read post!

    Reply
  13. Karan

    I really like what you’ve acquired here, really like what you’re saying and the way in which you say it.
    You make it enjoyable and you still care for to keep it smart.

    Reply
  14. Steven

    Greetings! Very useful advice in this particular post!
    It’s the little changes which will make the most important changes.
    Thanks for sharing!

    Reply
  15. Raman

    You’re very intelligent.
    You already know the significance in the case of this matter.
    You post consider numerous angles of information.
    Your own stuff is excellent.

    Reply
  16. Garima

    This is really interesting, You’re a very skilled blogger.
    I have joined your rss feed and look forward to seeking more of your great post.
    Also, I have shared your web site in my social networks!

    Reply
  17. Kusum

    Thanks for the marvelous posting! I genuinely enjoyed reading it, you are a great author.
    I will always bookmark your blog and will come back very soon.
    I want to encourage that you continue your great work,have a nice day!

    Reply
  18. Prerna

    Spot on with this write-up, I absolutely believe that this amazing site needs much more attention.
    I’ll probably be returning to read through more, thanks for the advice!

    Reply
  19. Mihir

    An intriguing discussion is definitely worth comment.
    I do believe that you ought to publish more on this issue, it may not be a taboo matter but typically people don’t speak about such topics.
    To the next! Cheers!!

    Reply
  20. Narender

    Woah! Ι’m reallly enjoying tɦe template/theme οf thiѕ website.
    ӏt’s simple, yеt effective.
    Α lot of times it’s tough to ցet that “perfect balance” betѡeеn usability ɑnd appearance.
    Ӏ must sаy you’ve ԁone a amazing job ԝith thіs. In addition, tɦe blog loads extremely fast fоr me on Chrome.
    Outstanding Blog!

    Reply
  21. VUtpal

    What I have seen so far is brilliant and everyone involved should be congratulated.
    I can see me spending the rest of the evening perusing the site.
    Just when I thought I would like an early night!

    Reply
  22. Umesh

    Hello! I simply want to give you a huge thumbs up for the great info you have right here on this post.
    I’ll be coming back to your site for more soon.

    Reply
  23. Harinam

    Very great post.
    I simply stumbled upon your weblog and wanted to say that I have really loved browsing your weblog posts.
    In any case I will be subscribing on your rss feed and I hope you write once more very soon!

    Reply
  24. David

    Hi there to all, how is the whole thing,
    I think every one is getting more from this web site,
    and your views are pleasant designed for new users.

    Reply
  25. Sahaj

    Ahaa, its pleasant dialogue about this piece of writing at this place at this weblog,
    I have read all that, so at this time me also commenting here.

    Reply
  26. Marry

    The website is bright, clean, quick, easily navigable and all the links seem to work well.
    Moreover, the contents here in blog shape is really wonderful.

    Reply
  27. Narender

    Thank you for some other magnificent post.
    Where else could anybody get that kind of information in
    such a perfect manner of writing? I have a presentation subsequent week,
    and I’m on the look for such information.

    Reply
  28. Rahul Bannerjee

    Keep the farmers as farmers because somebody has to raise food grains and vegetables for us – a crooked logic devised by the leaders. What they fail to understand is due to consumerism there are people who are earning. You buy a 200 Rs movie ticket today and not a 20 Rs one – logic is simple – the facilities in a multiplex is much better, the screen is better, the cleanliness is better. And understand, there are people employed there – to keep the environment clean as it is. So? The money is rotating. They are not hidden in a Overseas account or stuck in jewellery or non movable assets. Isn’t that a good thing?

    Reply
  29. Amulya

    I strongly object to the projection of ‘Consumerism’ as a problem in the society. What is wrong with people nurturing aspirations and people investing in better technologies, sophisticated lifestyle goods? We have passed the age of living on the trees long back.

    Reply
  30. Rajeev Gupta

    The disease of consumerism is now spreading to even non-Metro cities thanks to the reach of the DTH backed TV advertisements to lure the people

    Reply

Leave a Reply to Steven Cancel reply

Your email address will not be published. Required fields are marked *