7. Saving up is depressing

Constant saving up often means giving up socializing, cutting down on every possible expenditures like clothes or some harmless habits like having a coffee on your way to the work. But what we forget to do in that time is live! Continuing being open with one’s wallet is good, as saving up every penny is unbearably depressing. Having some goal is quite good, but what about living in the present? And, btw, the goal may well turn out to be a waste, as well as the entire period of saving up for it. Anyway, if you’re aiming for something in the future, you don’t stop living in present.

Counter-argument

Saving is a healthy habit

I do not agree. There are several types of savers. The one you’ve mentioned above and a few who are not that particular about each penny. Reasonable saving is, actually, a very healthy habit. If you are able to inculcate in yourself a habit of saving, it will pay a long way throughout your life. Saving teaches you to be self disciplined in your life. Only a self disciplined person is able to live an all round beautiful and fulfilled life. If you waste your money today, then you won’t be able to realize your materialistic dreams. Saving gives security in your life and thus is a healthy habit. Moreover, savings increase your feel-good factor that leads to self-sufficiency. Do I make any sense?

I can’t agree with that. Saving up for some certain period of time and having a certain goal is totally okay with me. But turning it into a habit and some sort of discipline means consciously restraining yourself from the joy of life.

Probably, the stand on this question depends on the background.

8. Help others instead of yourself

Human beings are intensely social animals. Anything we can do with money to create deeper connections with other human beings tends to tighten our social connections and reinforce positive feelings about ourselves and others.

An experiment carried out by a Harvard professor proved money can actually buy happiness if it is spent on others. It turned out people get happier if they buy something for others than spending the same amount on themselves. Well, not the worst thing to do, is it?

Counter-argument

Savings are important for family responsibilities

Obviously, it is! I love this experience! But what if some small sum of money is not enough for happiness? If you are not alone and have a family to support, then invariably you are required not only to take care of your own aspirations but also to meet out various tasks and responsibilities of your family at different stages of life. It may be your child’s birth or your dream of buying a luxury car. It may be the desire to buy jewelry for your beloved wife or want to go out on a vacation with your family. It could be the expenditure on your child’s higher education. The list could be long but each will require a good amount of money and saving is a must in such scenarios.

Conclusion

Truly speaking the real independence comes only with financial independence and saving your money on a regular basis gives you the power of living a life of freedom. With savings you can be “in the right place at the right time” and be able to take hold of any advantage that life puts across to you. With enough savings you can make opportunities into realities for you. There are situations in life when one is required to invest a sum of money to become part of a big project. Having enough money through savings gives you the chance to grab that life turning opportunity.

Moreover, no one really knows with surety what their future holds in store for them, simply because there are too many factors involved which are beyond the scope of our control. Employment comes and goes, marriages and relationships can end abruptly, and illness can strike at the most inopportune times.

Consequently, one of the most fundamental quests of our lives has been how we can secure our lives from its uncertainties. Each one of us wants to live a beautiful and joyful life but if you look around and find out, one fact comes out really strong and that is, one who is financially sound and secure is able to enjoy the sweet fruits of life and is able to live a wonderful life.

So securing our lives through financial planning becomes the inner core on which our lives revolve and is of utmost importance if you want to lead a quality life. So any of us should work out saving techniques and manage money with a prospect for the future. Saving money is of prime importance as virtually there is nothing tangible that you can have without the exchange of currency. The overwhelming majority of difficulties that may arise while attempting to maintain a constant lifestyle can be resolved with the application of cash. In other words, it's a "pay-as-you-go" world, if you can't pay, then you do not go.

Works cited.

http://www.publishyourarticles.net/eng/articles/do-you-spend-money-or-save-them.html

http://www.codinghorror.com/blog/2012/05/buying-happiness.html

http://www.thehindubusinessline.com/features/investment-world/young-investor/article2421336.ece

http://articles.economictimes.indiatimes.com/2012-11-09/news/35014656_1_happiness-cassie-mogilner-money-report

http://www.reclaimingmyfuture.com/dont-save-money-spend-it/

http://couponshoebox.com/tips/is-it-always-bad-to-spend-money/

http://www.ted.com/talks/michael_norton_how_to_buy_happiness.html

http://en.wikipedia.org/wiki/Saving

http://answers.ask.com/Society/NonProfit/why_is_it_important_to_save_money

http://www.newstimeafrica.com/archives/13116

http://ezinearticles.com/?Money-Pros-and-Cons---Personal-Finance-Basics&id=3324775

http://www.ezonomics.com/videos/what_are_the_pros_and_cons_of_saving_and_investing/

http://moneyfor20s.about.com/od/reasonsandwaystosave/tp/Top-7-Reasons-to-Save-Money.htm

http://www.moneyglare.com/the-importance-of-saving-money/