Why do we save?

[KellyJef]

If you invest $25/month and your mutual fund get a 12% rate of return,..........

How do you find a mutual fund that has a 12% rate of return????

[disneysteve]

How do you find a mutual fund that has a 12% rate of return????

There actually are quite a few that have a long-term average annual return in that range. Vanguard, for example, has 3 among funds open at least 10 years. I own one of them - VGHCX - which has a since-inception return of 16.18%. Another of my funds - HRTVX - has averaged 12.44% since 1984. I'm sure if you search around, you can find plenty of others.

[buildmybudget]

We just got back from a 7 day Alaskan cruise and it was the most refreshing trip I've had in quite some time. Especially after such a tumultuous year, this trip was a much needed reset. We saved and planned for this vacation for quite some time and did it right--going on some of the best excursions available. It was a blessing to be able to have the savings and the opportunity to enjoy such a trip...but that's the point of life: work hard and play hard! Love the post! =)

[biff]

I have always been a saver. I recently lost my job, which paid well but I hated...I managed to squirrel away over 50% of my income for the last two years and have a comfortable cushion to fall back on...I enjoy somewhat expensive hobbies like watch collecting, but before I make any large purchase I have to be sure I can sell said item and at least make my money back if I had to.

[James00]

We save to secure our future.As future is uncertain we don’t know when and how much we need money so we save to overcome all difficulties.

[FrugalDad123]

... But if all of your financial ducks are in order, all needs are being met, future needs are being funded, and you want to go out and enjoy some of the fruits of your labor, go right ahead. That's why we all drag ourselves to work each day. ...

Sigh. I can read that over and over and it helps me hope for a better future.

[richrf]

I saved enough in my life to be able to retire at 50. I don't spend much money because I do not feel any need to. I enjoy simple things like developing my website, getting together with friends, reading a good book, taking a long walk, watching Standing With the Stars. At times I may go on a trip but I can take it or leave it. Doesn't affect my life one way or another. For me, savings has always given me choice - what I want to do, who I want to work for, where I want to go, etc. Freedom to live the kind of life that I want to lead. But savings is my choice. :-)

Rich

[adyboy]

interesting topic, personally i just feel like buying everything shiny and new on the shelf. Especially gadgets like cell phones, tv's hifi...u get the drift. I really got into bad debt because of my compulsive shopping behavior. So admittedly we should have some fun along the way but then if the fun screws you up, it ain't fun anymore. Trust me with bad credit and almost zero savings...you don't feel like a million bucks anymore. I recovered from my problems soon enough but i guess everybody is not that fortunate. Anyways..rambling cut short.. i now swear by saving and also have some fun along the way. Guess that's the way forward.

[James00]

We need that perspective occasionally. It's about having worthwhile goals, having a plan and executing that plan.I like having a security net, and the ability to get a big ticket item from time to time.

[mikebanker]

I'm saving for a house. This is my ultimate goal for my family

[btacay]

Why Save Money?

Saving money is the heart of all your financial goals. Whether you want to get out of debt or just to make ends meet each month, you must learn how to save money.

It’s not about how much Money you make, but you what you do with the Money you make!