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Do you ever feel tempered to spend money
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[QUOTE="Kingsley, post: 215409, member: 30278"] The truth is that it is so good to save, infact some will argue that savings should what remove before consumption. But the true definition of savings says that sabings is what we have after deducting our consumption from our income. So the formulae is income after tax minus consumption then the rest should be kept as savings this has always been the rules. And the rationale behind this is that when you have deducted your consumption which comprises all you Essential needs then it will be difficult to go back into your savings because technically all your needs has been met literally. But it quite unfortunate that many after deducting all the consumption from their income after tax still go back to their savings, and make deduction from their savings to spend on less pressing concerns. But again when we bring it down to the context of my country we will realise that it is wrong to assume that everyone should have savings because the economic situation does not encourage for savings because the income you get after tax is nothing to write home about, it can not even cover for your consumption let alone make room for savings . [/QUOTE]
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