We celebrate the coming of the New Year, with full fervor on the 31st December of each year, and a couple of months later, we end up celebrating another new year of sorts! The Financial New year. Each year as we celebrate the budget speech of the Finance Minister, we hope and pray that somehow there is some miracle and something better than last year is given to us. Being, the earning, tax paying adults, the budget session happens to be the Christmas holiday and the budget, our Christmas gift.
Money makes the world go round. There is some magic in the green paper that makes one country a super power and the other a third world country.
But the question that is often faced and argued about between me and the boyfriend relates to something that should not be a question to argue about really.
Saving or Spending?
I am going to be honest about the fact that, whatever little I earn, I haven’t saved a penny out of it. And boyfriend rightfully says that, had I not had the comfort of a house and getting rides of and on by my father or peers, or the ease of food i.e tiffin from home and dinner at home et all, I would have not survived the real world in the little remuneration that I get. I agree on that point.
But, then I also believe that, if I had a higher salary then, I would not shy away from saving. And trust me, when I say saving, I mean saving some in my bank account and saving through investment.
Yes, I also agree that investments are a great way to not only logically grow money but also to save your tax. But, is that a substitute for not saving money otherwise? And by otherwise I mean, having some money in your bank account for contingencies. I mean, say a sudden expenditure like a hospital visit comes up, now you will not break your policies or investments to pay up the hospital bills? Or would you? Yeah, there is a credit card, but just in case you need some cash handy, and it is the end of the month, how in the world are you going arrange for that money?
I know that it is a tough job to save money and not spend it as soon as it comes in your hand, but I also understand that, people do it. And I would also do it. I try my level best to not go overboard with my expenses. But I do.
And thus, my first cheque that I will get in the new financial new year, a part of it will go in the ‘active’ savings. I know that there are a million things that I want to do. And I also know that those million things will require lots of cash. From wanting my own car to a house. And on top of that, knowing that if a friend is getting married, or that I want to go out for a nice dinner, I wont really be going out of my pocket.
I may be talking like an idealist, but it is with an idea that a thing can grow to become a realty.
And I am leaving this question open to everyone, because, I really feel that a penny saved is a penny earned!