Live for today or make long term plans..

Yes, such type of things happen if proper planning is not done. i have see a very rich family who look for each and every penny while enjoying. Then say that its good to save for future. This is also one extreme.

Yes , I dont understand what the money is for if not spending !The more some people have the moire stingy they become.Instead of regretting later in life feeling that we did not do this or that, it is better to make plans and try to fulfil as many ambitions as we can before we lose our strength and ability !

I am happy in living in Present.We should plans for the long,but also should not waste this present.
Both can be done. It is possible.

What you said is correct ronark., I agree with your point. We need to plan for our long life on the same time we need to enjoy this present life as life will never comes back once it is passed. :cheer: :cheer:

Life is precious,so we should live every moment of it.

Ideally yes, that's how it should be ! Most people keep putting off certain things in life and before they know ,it is too late to realise any of their plans and dreams.So, we have to make some long term plans and work towards them as well ! :huh:

While most of us feel that we have to live for today taking life as it comes, we are also advised to make long term plans for our future..
I know of a couple who have been married for 12 years and have 2 children. The husband never keeps a steady job and she spends all he earns, but they seem so very happy , living in different categories of rented places depending on the cash position and also going for holidays when there is money...Many people these days have this casual attitude ... I wonder if this is the right attitude towards life or wrong or it really does not matter as long as they are happy and take responsibility for their life ..

We should have long term goals then only we will develop in our life. Earning and spending all the money is not the good procedure. We should save it. it is good for our future. Nobody knows what will happen in future. Prevention is better than cure.

Actually this is not totally correct as far as future is concerned. However my family lives in today and not in tomorrow. Thus I can't comment regarding this at my level best.

I believe in living in the present! Though your steps today will shape your tomorrow. But our 80% planning should be for today and the rest for future.

Living today happily and planning tomorrow to be happy is the best system of life

My plan is live happily now it self as we dont know our future what will happen next is not in our hands.

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

We don't know, what is waiting for tomorrow ,so it is good to be conscious now for future. And one thing is important that saving habit is good.

Living today happily and planning tomorrow to be happy is the best system of life

Yes. I agree with you sarala. Current & Future both life are important like our two eyes.

There is the story of an old man who kept on saving most of his income all through his working life keeping himself and his family in near poverty state, only to find that they all had grown bitter and dejected in life because they knew that he could have given them a better life....so it is better to strike a balance,today counts a lot more than what may or may not happen tomorrow.Make the most of today and make some provisions for tomorrow as well...

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

What I feel that if you are not in a government job where they give you enough all through your life, you must save 40% of your income in such a manner that it becomes double in 4-6 years.

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

What I feel that if you are not in a government job where they give you enough all through your life, you must save 40% of your income in such a manner that it becomes double in 4-6 years.

Government jobs help in saving more. Its very true that we should be prepared for tomorrow.

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

What I feel that if you are not in a government job where they give you enough all through your life, you must save 40% of your income in such a manner that it becomes double in 4-6 years.

Yes thats right ! If not 40% , even a steady saving of 12% saved all through your working years becomes a huge amount as we can see from the provident fund contributions , which anyway pays much less....

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

What I feel that if you are not in a government job where they give you enough all through your life, you must save 40% of your income in such a manner that it becomes double in 4-6 years.

Yes thats right ! If not 40% , even a steady saving of 12% saved all through your working years becomes a huge amount as we can see from the provident fund contributions , which anyway pays much less....

My father gave me some good tips about saving- I started purchasing PO Vikas Patra every month for a fixed value when it took five years to double the amount. I bought them five years, every month. And reinvested every time on maturity after five years..So the system worked like this
after 5 years-1=2
after ten years-2=4
after 15 years 4=8
after 20 years 8=16
so at the end of 20 years whatever you invested for first 5 years converted in to 16, even if some one invested only 2000/ per month he would get 32000/ per month and if one can reinvest half of it and spend half of it the cycle will go on. I have not taken in to account the other savings.

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

What I feel that if you are not in a government job where they give you enough all through your life, you must save 40% of your income in such a manner that it becomes double in 4-6 years.

Yes thats right ! If not 40% , even a steady saving of 12% saved all through your working years becomes a huge amount as we can see from the provident fund contributions , which anyway pays much less....

My father gave me some good tips about saving- I started purchasing PO Vikas Patra every month for a fixed value when it took five years to double the amount. I bought them five years, every month. And reinvested every time on maturity after five years..So the system worked like this
after 5 years-1=2
after ten years-2=4
after 15 years 4=8
after 20 years 8=16
so at the end of 20 years whatever you invested for first 5 years converted in to 16, even if some one invested only 2000/ per month he would get 32000/ per month and if one can reinvest half of it and spend half of it the cycle will go on. I have not taken in to account the other savings.

Thats really wise sunil, and if the amount gets compounded the returns would be even larger ...so starting the saving habit early is the best way of ensuring that you have your cake and eat it as well.. :cheer: no worries for the future! Thankfully my children have got on to it right at the beginning without my having to tell them...

Live for today and as well as make long term plans is so good. We can think our present as well as future. Kill the present life and save it for future is not good.

Live for today and as well as make long term plans is so good. We can think our present as well as future. Kill the present life and save it for future is not good.

You mean we should enjoy the life today without thinking for the future? That is not possible for people in private sector in our country.

It is very essential to save for our future.We must enjoy in today's life but within limit.My husband is very conscious regarding the saving.

What I feel that if you are not in a government job where they give you enough all through your life, you must save 40% of your income in such a manner that it becomes double in 4-6 years.

Yes thats right ! If not 40% , even a steady saving of 12% saved all through your working years becomes a huge amount as we can see from the provident fund contributions , which anyway pays much less....

My father gave me some good tips about saving- I started purchasing PO Vikas Patra every month for a fixed value when it took five years to double the amount. I bought them five years, every month. And reinvested every time on maturity after five years..So the system worked like this
after 5 years-1=2
after ten years-2=4
after 15 years 4=8
after 20 years 8=16
so at the end of 20 years whatever you invested for first 5 years converted in to 16, even if some one invested only 2000/ per month he would get 32000/ per month and if one can reinvest half of it and spend half of it the cycle will go on. I have not taken in to account the other savings.

Thats really wise sunil, and if the amount gets compounded the returns would be even larger ...so starting the saving habit early is the best way of ensuring that you have your cake and eat it as well.. :cheer: no worries for the future! Thankfully my children have got on to it right at the beginning without my having to tell them...

The chart given above is one time saving renewed after every maturity and compounded.

When i will start earning, I would try to have a good life. I will have saving, because, that is important. I don't want to live a life of unprotected.