Right age to start saving?

on Aug 19, 2013 , 11:02 am
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I have just finished my college and I would be soon taking up a job, though I would continue doing my Masters along side. I am quite confused whether I should start saving right now or wait for sometime when I am earning good money.

While my parents and relatives keep telling me that early 20s is the right age to get into the habit of saving money, my friends and I personally believe this is the time to splurge and enjoy life spending wherever you feel like. Whats your view on this? Please advice me and help me come out of this dilemma.
Satish Singh
jab jaago tabhi savera...as long as you start earning
on Jun 18, 2014 , 12:28 pm
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Debashis Sarkar
Investing is a better option than saving. It very important to have a budget for everything. So, spending your entire salary on a mobile phone or something is surely stupidity. As you just finished college, you can open a recurring deposit account with post office. Open a PPF account. And if possible get a insurance cum investment policy. And the rest of the money you can splurge.
on Aug 21, 2013 , 12:07 pm
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Shashikanth Balepura
In today's world, there is no security in any kind of job, better to save first than splurge, none of your so called friends will come when u really need any kind of financial help, everybody will say, but nobody will come. Once you are financially secure, the life will be completely different.
on Aug 19, 2013 , 11:07 pm
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R Singh
there is a slogan for saving, Saving is kind of expenditure. Start from small amounts with RD in post office.
on Aug 19, 2013 , 10:09 pm
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Arorav
It is never to early to start saving. It is very difficult to save when you can always find a reason to spend enforced savings which can't be obtained on short notice are always preferred since the time factor allows you to think again before putting your hands on them. You will be surprised how confident and independent it makes you feel.
on Aug 19, 2013 , 09:52 pm
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MKRao
In new age Enjoyment=Financial security. So, if you live modest early professional life it leads to savings. This in turn gives you financial security which in turn helps you to focus(enjoy) more on job. This leads to faster progress professionally. That means you will earn more. Then you are left more free money to enjoy and lead life in bliss. I guess you agree!
on Aug 19, 2013 , 09:36 pm
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Navraj Shardul
Saving is not meant for a particular age...its your wish and your will when to save. I can bet you'll start saving from the day when you realize its importance with in your heart. And also, my friend savings are done when you force your self to save. Follow just one mantra in life INCOME MINUS SAVINGS IS EQUAL TO EXPENDITURE. GOD BLESS
on Aug 19, 2013 , 05:13 pm
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Syed Mazher Mohiuddin
Saving is a fine thing, especially when your parents have done it for you. Remember money spent by you is yours and savings will never be yours.
on Aug 19, 2013 , 02:21 pm
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Priyanka Sharma
Your parents are absolutely right, early 20s is the right age to save. As far as enjoying the life is concerned, its important to strike the right balance
on Aug 19, 2013 , 12:05 pm
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A V Subramanya
Start saving from the day one maximum possible. I do not say that you have to sacrifice your needs. Open a PPF account in any SBI branch and deposit whatever is possible. Do not save in speculative schemes. This savings will come handy when you marry and at that time need not depend on your husband for small changes.
on Aug 19, 2013 , 12:05 pm
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