Category Archives: Debt
Today is the start of our weekend blog series. Every Friday till the end of October, I’ll post a Personal Finance Tip for the weekend and share a motivational picture…
Hope you enjoy this series and please feel free to share any Personal Finance Tips for the weekend.
Here we go!
Personal Finance Tip for the weekend:
Go for a walk with no particular direction!
Spring has just started and this weekend ‘Day Light Savings Time’ goes into effect… So why not
just go walking in whichever direction looks the most interesting?Having some basic navigational skills, means you won’t get lost, and you can turn around or backtrack whenever you get bored or hit a dead end.
Hmmmm… I must say this idea you’ll have to be a bit optimistic with, especially knowing we can’t control the weather. But all in all… It’s low cost activity!
Weekend Motivational Picture:
Have a “SpendLess” Weekend!
Picture courtesy of: Thinkupthemes
Saw this news heading on the internet of a local Dutch Newspaper ‘De Telegraaf‘, “Wie in de ogen van de belastingdienst te veel spaargeld heeft, moet flink betalen.” Translated: Who in the eyes of the Tax Man saves too much money, must pay dearly.
Today, there are all soorts of advice being given about savings… From be wise with your saving and pay off your debts first, find ways of hiding it from the Tax Man, to no longer trusting banks… And the list goes on!
But I have some questions:
- Why does the savings account have little value in today’s economy and/or society?
- Does it make sense to save for a rainy day any more?
- What is considered too much savings?
- Are we advising people to clear their debt, to only once again get back into debt due to the lack of savings?
- What is today’s definition of saving and is it only considered to be part of a short term Financial Strategy?
Hmmm… My apologies for getting carried away with questions, but when one discusses Personal Finance, Savings is one of the pilars of having a healthy financial out look.
So now what and where do we go from here? Oeps… Here I go with more questions!
Maybe someone reading this, cares to share their view on the matter?