moneytalks

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Jul 26 2008

Save vs spend

Published by jparsh at 8:39 am under Money Edit This

The weekend is here and going out and spending money is what we all want to do. But, we’re told to save our money, spending it is bad and wasteful. This brings us to the age old question. “Is money made to be spent and enjoyed or saved?” I know that this blog is a lot of saving tips but I don’t necessarily believe that all money should be hoarded away. There is a happy medium here, but most don’t fall into that medium. There are cheap stingy people and spendaholics. I used to be a very frugal person, afraid to spend a dollar for a drink at a gas station. I believe I have found the middle ground. You can argue that money is there to enjoy, you can’t take it with you when you die. So go out and by that new TV, or enjoy those fancy dinners every night or ignore the sales rack at the department store. The other side of the spectrum will tell you that a nest egg is what you need and you never know what emergency may arise. I wish that more people  would say that they are both right. I guess what I’m trying to do with this blog is give some advise on how to save money so you can take a part of those savings and splurge on yourself and put some away for that rainy day. If you’re one sided on this topic than you are in trouble. You are either going to waste away with all your money in the bank, not having enjoyed any of it. Or you’re going to spend it all and lose your house, car or possibly even your family. Unfortunately the title “save vs. spend” is what most people struggle with in their lives. Why can’t we just have some fun with our money without going overboard? 

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