Work - Income - Spending
well it's highly related like doh~
Well, it's very important to strike a balance. Balance comes in many different definition. Well this is mine. :)
I'm still 22, and i'm happy to be very young. People say savings should start very early, and i'm at advantage by starting working pretty early and getting own income without commitment. How awesome is that. hehehe. No need to pay for car, house, bills, whatsoever coz i still i have my parents for that. Again, very awesome! hehehehe
But...
All this luxury will come to an end soon. My dad keep on tellin me i should be saving up already while i have the chance with zero commitment. Well cant say he's wrong, he's very right infact. But den again..pa, what difference does it make..
If i dont shop to get what i want now(look at my previous blog post on the items i have splurged on using my income), yes, i'll have savings. but savings are very liquid. And in the future when i start to have commitment and stuff, it will be a struggle to save up to buy the stuff that i want like now. So yea no difference. hehehehe
I work as a financial person, but i dont believe in that kind of savings.
My style of savings...
Get good endowment insurance plan that will protect my income and grow my savings along the way (at the same time dicipline myself to contribute to my very own savings plan) hehehe
Get a certain amount of fund and invest instead. and top up every once in awhile. Not many ppl knows the power of investing. It maybe painful to invest ur xtra hard work money now, but after years and years on investing, it makes a person's life so much more fruitful.. Why work super hard to get money if ur money aint working hard for you right?
Keep as minimal money in my savings account. Coz there's just no point to keep my money in it!
So my style of savings:
Save first, den spend the rest. ^.^ keep my bank acc zero at all times. hehehehe
Den u'll start arguing, what about emergency cash!!!!! Everyone needs emergency cash!!!
Well...
I have credit card to take care of that. and tonnes of insurance if applicable. ^.^