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Save more or earn more?

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Praks
kuldeepcet
sidhartha
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ashwini
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Save more or earn more? Empty Save more or earn more?

Post by ashwini Mon Feb 04 2008, 21:15

Guys one simple question for you...

Say you are not saving much of your income... What would u do? Look for more paying job? Or try to cut your expenses and save more?

Will earning more necessarily ensure that you save more?

Cheers,
Ashwini
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Post by enidhi Mon Feb 04 2008, 23:34

should it not be a combination of both?
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Post by sidhartha Tue Feb 05 2008, 16:46

invest is the right term...not save....looking out for a high paying job...i guess wont solve the matter...more you get more your expenditure also increases...have idea about investing money...or every month...how little may it be....basically plan your finances well....

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Post by kuldeepcet Mon Feb 18 2008, 13:47

according to me more saving is the better way.but saving should be
within the limit it should not curb our minimum necessities.what do u
say my friends


BE HAPPY NO BP

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Post by enidhi Mon Feb 18 2008, 21:08

kuldeepcet wrote:according to me more saving is the better way.but saving should be
within the limit it should not curb our minimum necessities.what do u
say my friends


BE HAPPY NO BP
Clapping well said.

Welcome to MTIFF
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Post by Praks Mon Feb 25 2008, 16:00

Hi friends...,
Its good to SAVE more.. coz 'Money saved is money earned'.
If you can save more.., at the end of the day that will be the money you have in your hand. Even if you earn more nothing will be left in you hands,if you do not save.
Praks
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Post by vishwas.tp Tue Feb 26 2008, 13:26

Saving money will not serve any purpose inflation will eat up all your savings... The best example my grand father told his experience he had got life coverage for 3000 by paying 150 Rs/year (150 had value at that time it is when my dad was having a masala dosa for 5 paise) but by the time he completed his term the value of 3000 was nothing.


So saving + investment will secure your money & life.

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Post by enidhi Tue Feb 26 2008, 20:36

that's a good observation... Our savings should earn more that 15%..else it is not good...
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Post by kbharadwaj81 Fri Mar 21 2008, 00:35

enidhi wrote:that's a good observation... Our savings should earn more that 15%..else it is not good...

its not 15% the point is the money should appreciate in the same terms as the inflation. This ensure that the intrensic value of the maney remains same.Say you have 10Rs and the cola costs 10Rs today. Tomorrow if the cola costs 15 your Rs10 should have grown to 15Rs.But the catch is none of the safe funds like the PPF,Fixed deposit,Postoffice deposit etc which are considered risk free are good to handle this kind of growth. They simply have no elemet of inflation adjustment incorporated with in them. Its one and only share market that incorporates the inflation adjustment mechanism.But the problem is it is not totally risk free.

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Post by enidhi Mon Mar 24 2008, 17:44

Agreed... Conventional saving instruments like savings and FDs cant address inflation, though they are pretty safe. Investment in Gold, Land and selected shares will be best bet in that angle...
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Post by kbharadwaj81 Wed Mar 26 2008, 00:16

Yes while investing in the stocks its always better to invest in stocks that move in the similar tend as the index ( beta of stocks have to be 1 )

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Post by enidhi Wed Apr 02 2008, 11:26

Indirectly you're saying stay with largecaps ???
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Post by nitikasnv Mon Jan 18 2010, 15:31

kuldeepcet wrote:according to me more saving is the better way.but saving should be
within the limit it should not curb our minimum necessities.what do u
say my friends


BE HAPPY NO BP

Hi,

I too agree more savings is the better option.

But it should be in our limit.

Thanks

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Post by srujanaa4 Wed Aug 04 2010, 15:20

hi

saving + investment will secure your money & life.

regards,
phe9oxis,
http://www.guidebuddha.com


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