I absolutelyt love saving all my money?

Do you? lots of answers please.

I wish I had money to save! all mine goes on tax, bills for electrics/rent/phone line/tv licence/travel. I have yet to make ends meet on what I have to pay out, I have even had to give up my job because I couldnt make ends meet, I have had to claim benefits as its therefor possible to financially survive, without benefits I was hemoraging money, I am near faceing bankupcy as a result of working and not eraning enough to pay my rent/bills/tax/travel...etc.

good for you. i like putting my money out to work for me while i make time in my hammock in the shade:)

yes

I have saved coins for 5 years now. I have $ 576.49 now!

I try....

sure. when there's money to save

I save whenever I could for my children only. I don't put much money in my account, just enough to cover my direct debits in case anything happens to me.

I would save enough money to live well on, but I would invest wisely the bulk of my money, in good solid stocks, which pay a good dividend and has good growth potential. Because life is short and you never know when you will die, you should enjoy the use of some of your money. Just do not spend more money then you can afford to spend.

Yeah, me too.

I love saving money and I wish I could save more, but I've got a mortgage, so I tip extra into that, instead of using a conventional 'savings' account. I have some money stashed in an emergency bank account and some in a managed fund, which I'll leave there unless I have a serious emergency (like no job) because I have to wait for the unit price to go back up again.

I'm a serious tightarse. People tell me I'm crazy. One girl at work berated me for paying bills with my 'nifty fifty raffle' money at work when I won that week, and then a few weeks later, she was out of a job, and still trying to make payments on a brand new car. I figure I never know when I'll need that money, so I spend it on essentials and save the rest.

Tina,
Will you marry me

GOOD HABIT
SAVE IT SENSIBLY AND LET IT EARN MORE MONEY FOR U
AND SECURE UR FUTURE
WISH TO KNOW MORE OF IT?
YES CONTACT ME

I wish I could save it all. But I do have fun finding new ways to save. I like going one full day without spending anything and that means no vending machines at work.

This is my hobby. By saving money I now live to a much higher standard, my house is paid for - am I smug? No not really - just proud of what I have achieved. Times have been very hard for me, but I have succeeded, so yes - proud.

I have never been in debt - a very close call at times, leaving bills to the very due date, but have always had a very good credit record. You can do it, give it a try.

There are a couple of good websites that have helped me a lot both talk straight common sense.

Saving all your money is a bad idea because of inflation. The more you keep in the bank, the more your dollars are losing value due to inflation every year.

A couple of general 'rich person' tip for savings:
1. Never have more than 6-12 months worth of your expenses saved in an 'emergency fund' in a regular savings/fixed deposit account.
2. Invest the rest in asset classes which you understand and can handle the risk associated (there are different asset classes for different risk profiles).

Saving everything is not as bad as saving nothing at all, but its close. You may think you're getting a leg up, but the smartest, richest people invest because that gets them over the inflation hump.

For example, savings accounts give you on average 3.5% interest per year. However inflation is usually between 3.5-4% each year, so that means you're money is devalueing every year you keep it in the bank!
If you invest in the stock market for the long term through index funds like the S&P 500 Funds, you're yearly return will be between 6-13%, and this is the safest of equity investment strategies. So you can see you're earning enough to beat inflation.

This is what rich people do, do what they do and you'll get rich too. Its the poor and middle class who believe in 'save everything'. Plain and painful truth is they don't know what they're talking about :P.

Hope that helps...
Cheers
Sarah

Money is for you to buy food and other basic needs to maintain a reasonable standard of living. If you save all your money you are depriving yourself of even a reason for living. Money itself has no value, it has value only if you use it.