Saving – why?
What do you work for if you don’t spend the money you’re having earned and enjoy life? So saving is rather “uncool” – really? No, it’s not when you know what you can achieve with a clear savings goal. And resists the inner urge to resist the conversions of everyday consumption.
Add: Buying and spending money has long since outranked saving. Often we only buy to own – buy for the sake of chewing. The beautiful things in life, beyond life-necessities, always. All-round consumption – that’s a feature of our society. Saying “no” is becoming increasingly difficult.
Spending or saving money is a completely individual decision. Everyone is faced with the choice of buying and using something or just waiting and building reserves with the saved.
So the question arises: How happy is consumption and is saving really so unfitting?
Saving is a matter of personal settings
According to the Bundesbank, German household contents have saved a total of 6,000 million euros. One tenth of the people, on the other hand, are over-indebted, which means that they can only pay their old debt with new debt. A Teufel circle begins.
At the heart of the eternal split between spending money and saving is clearly the personal positioning. It’s a personal balance.
- Would you rather consult today or enjoy the money later in old age?
- Why do you constantly need a new car, even though you could also drive an old one?
- Why do you need a big apartment alone when a small one would also be riding?
A big problem in the debate is your own needs. These seem to be the greater the higher the available income. More money can fulfill even more wishes. Ultimately, you should also reward yourself for doing more and earning more as a result. Or not? And if there’s a large amount of money available anyway, why save money? After all, spending money gives you a much higher sense of happiness than just parking somewhere in a savings account.
Spending instead of saving: Is the state to blame for everything?
Daring-led questioning? Certainly — but the following is also clear: The relationship between consumption and savings is not only reflected in the welfare and the prosperity perspectives, but also in the relationship between citizens and the state. After all, consumption and saving are related to the emergence of crises. Today, the requirement does not consist of an acute, but structuctural crisis.
There is often a political desire to circulate money to boost consumption and economy. Of course, this cannot happen if the freshly printed notes disappear directly below the pillows. That’s what it seems like. German citizens save more and spend less. The savings rate is currently higher than it has been since the first half of the 1990s.
This is not a good message for the German host, which is cooling down significantly right now. Because the more a country’s households save, the less they spend on consumption and thus slow down the host. Although the share of consumption in the total economics is slightly lower in Germany than in other major industrial countries. However, the high consumption rates in Greater Britain and the USA are more likely to fall out of the frame in the industry countries.
Save or spend money? There is no fist formula!
Fixed-steleting: Saving money means providing for the future, with today’s capital. If you save part of your money today, you can consume more in the future. The capital available to the available has been used in the production. The only age-appropriate is to work more and earn more money. It’s also important to understand that saving doesn’t mean not giving out something you don’t have at all.
Understand: The decline in government expenses is often incorrectly referred to as saving even though there are no reserves. Since the 1990s, consumption and consumption in Germany has been growing rapidly. They grew even more than the available income. There can be no question of “saving” in such a case!
More to consume and save less OR save more and consume less? This question is in the room. The individial time prefectiveness is a key point here, because it greatly determines the tendency to save. In the case of current needs, you are now preferring consumption. Whereas the future need is based on saving money because you are oriented towards the future and have long-lasting goals in mind. Who knows what will happen in ten years?
Saving and expensing means: All in moderation, not in bulk
In order to be able to live financially carefree, saving is essential. However, as with all things in life, there is also a degree of too much.
There is a constant conflict between current and future needs. The higher you rate the future need, the more you save on a logical basis. You should not force yourself to save so much that the happiness of treating yourself to something is at the very back. This leads to frustration in the long run.
Saving is often about goals. Most people have specific goals in mind that they want to save on. We hope for greater satisfaction from its reach. All these savings goals are always accompanied by a certain pressure, without which everything would be quite boring and sluggish.
But what happens if the pressure gets too great? It comes to a big bang. By relaxing your financial goals, you relieve yourself. One should always ask whether it plays a decisive role in life to achieve the financial goals five years earlier or later.
Saving is also a certain form of thinking about the fail. Because often the presentation “If I’m finally rich…” is simply wrong. Since the then sentence is often “I’m finally happy,” you say unconsciously to yourself that you can’t be happy at this time. If the question is asked too often, then the question of how to save even more money is further nourished. It quickly makes you feel worse.
Find the way to spend money and spend money
Saving and waiver of the future is essential for financial success. But your own happiness should not have to be at the back. How much you save or spend on consumption is always at the discretion of the individual and depends on their goals and time preferences.