Should You Save Or Spend Your Money
There are times when we will all be faced with a choice, to save our money for the future or to spend it for today.
What do you actually get when you buy something that you want but you really don't need?
Well, you get whatever your money can buy, whether it be a new toy or an exciting day at the amusement park. The problem is this doesn't last. Once you spend money you no longer have it.
Whatever you buy with your money also probably will not last. So your money basically just vanished off of the face of the earth, or more precisely, goes to someone else's pocket.
We are creatures of habit, so spending will only lead to more spending. As we run out of money we need more to buy new pointless stuff so we have to work harder and harder to satisfy our needs.
Now what do you get if you decide to save your money instead of spending it as soon as you get it?
If you do decide to save your money instead of spending it then you have the advantage of having some extra money on the side to help you out during hard times. You can even decide to invest your money into things like dividend paying stocks and grow your money over the long term.
Of course we are still creatures of habit, so saving money turns into more saving money and investing that money turns into learning more about investing and even increasing our investment returns. This can all lead us to financial freedom which is really a great place to be because the only reason you would work is because you enjoy it and not because you need it to survive.
Now I am not saying that you cannot spend your money from time to time, but in general saving your money and investing it can lead to much better rewards in the long term and can help you achieve your financial goals.
All and all, spending your money on things that you want for instant gratification is just like flushing it down the toilet. Saving your money however, can lead to growth and wealth over time. When you invest you are really helping to improve your quality of life in the future.
Article Source: FxTradingStock.com
About the Author
For more on investing your money visit Shaun's site about the stock market basics
by: Shaun Rosenberg
Total views: 30
Word Count: 405
Date: Sat, 31 Jul 2010
Publish/Share this article
To use this article on your site click here to get the HTML code
Rating: Not yet rated
Login to vote
Related Articles
How to Invest in 2011 and Beyond Without a ClueWhat Is Forex Trading?
Quick Way To Trade In Shares
ATM Calendar Spreads, Are You Aware Of The Hidden Gotchas?
Emini Day Trading Requirements
The Coming Death Of The Dollar
Fantastic Fundraising Suggestions
Winning Big In The Share Market
