Let me enjoy LIFE now....who knows what’s in the future?
That’s exactly my point.
No one knows what lies ahead in the future.
You may lose your job, your income....the income/salary may not be enough, and many such reasons.
The Bigger reason is the SILENT KILLER called Inflation. The value of our money keeps decreasing day by day. The Rs.100 you had last year is not worth the same today. Ex: Fruits, Vegetables, Clothes which were available at a certain price is definitely not as same as last year and has increased.
A kilo of Apple, for example, which was Rs.100 last year, is now Rs.110 which means the price has gone by 10% and your income if it hasn’t grown that much will mean that you are becoming poorer and poorer slowly. Hence you NEED TO SAVE MONEY
Many families consider celebrating a GRAND Marriage as a PRESTIGE ISSUE and do not shy away from taking a Loan.
To avoid taking LOAN (or at least take a lesser loan) YOU NEED TO SAVE MONEY
Pension Amount, if any, will not grow as fast as Inflation ultimately leaving you at the mercy of your children.
Expenses does not become ZERO once you retire....It will get reduced for sure but expenses will be there and unavoidably, it will only GROW. To provide for these expenses YOU NEED TO SAVE MONEY’
And, God Forbid, if for some reason, your Health Insurance Company rejects your claim, your entire LifeTime Savings could go for a toss.
Its always better to have a Health Insurance, an Emergency Fund and of course, SAVE MONEY!!