Save more or earn more?

Guys one simple question for you...

Say you are not saving much of your income... What would u do? Look for more paying job? Or try to cut your expenses and save more?

Will earning more necessarily ensure that you save more?

Cheers,
Ashwini

should it not be a combination of both?

invest is the right term...not save....looking out for a high paying job...i guess wont solve the matter...more you get more your expenditure also increases...have idea about investing money...or every month...how little may it be....basically plan your finances well....

according to me more saving is the better way.but saving should be
within the limit it should not curb our minimum necessities.what do u
say my friends


BE HAPPY NO BP

kuldeepcet wrote:according to me more saving is the better way.but saving should be
within the limit it should not curb our minimum necessities.what do u
say my friends


BE HAPPY NO BP

well said.

Welcome to MTIFF

Hi friends...,
Its good to SAVE more.. coz 'Money saved is money earned'.
If you can save more.., at the end of the day that will be the money you have in your hand. Even if you earn more nothing will be left in you hands,if you do not save.

Saving money will not serve any purpose inflation will eat up all your savings... The best example my grand father told his experience he had got life coverage for 3000 by paying 150 Rs/year (150 had value at that time it is when my dad was having a masala dosa for 5 paise) but by the time he completed his term the value of 3000 was nothing.


So saving + investment will secure your money & life.

that's a good observation... Our savings should earn more that 15%..else it is not good...

enidhi wrote:that's a good observation... Our savings should earn more that 15%..else it is not good...

its not 15% the point is the money should appreciate in the same terms as the inflation. This ensure that the intrensic value of the maney remains same.Say you have 10Rs and the cola costs 10Rs today. Tomorrow if the cola costs 15 your Rs10 should have grown to 15Rs.But the catch is none of the safe funds like the PPF,Fixed deposit,Postoffice deposit etc which are considered risk free are good to handle this kind of growth. They simply have no elemet of inflation adjustment incorporated with in them. Its one and only share market that incorporates the inflation adjustment mechanism.But the problem is it is not totally risk free.

Agreed... Conventional saving instruments like savings and FDs cant address inflation, though they are pretty safe. Investment in Gold, Land and selected shares will be best bet in that angle...

Yes while investing in the stocks its always better to invest in stocks that move in the similar tend as the index ( beta of stocks have to be 1 )

Indirectly you're saying stay with largecaps ???