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What is the purpose of savings and assets?
Old 11-17-2014, 08:09 PM   #1
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What is the purpose of savings and assets?

Retirement
Early retirement
Rainy days, months, years -like bad health, job loss, divorce, children or grandchildren with important health problems
Being able to buy things you want
Being able to do things you want to do
Being able to refrain from doing things that are not attractive to you (like no need to use Costco, unless you happen to enjoy Costco)
Being able to afford better food
A more comfortable old age
Being able to help other people, including giving your children or grandchildren a leg up in life
Leaving bequests.

I'm sure there are many other things, but in reading the board I became aware that one thing I really appreciate is not having to always be trying to save money. Often, I would rather just do without something than take pains to get it. I see this as an extension of early retirement. Going to work isn't the only thing that can get to be a hassle.

I'm sure many of you have your own lists of what money is for.

Ha
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Old 11-17-2014, 08:13 PM   #2
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Money is like my mother's fine china -- never to be used, but to be comforted in the fact that one has it in the cabinet, just in case someone important should come for dinner.
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Old 11-17-2014, 08:16 PM   #3
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Sigh. Why must everything have a purpose? Can't it just "be"?
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Old 11-17-2014, 08:17 PM   #4
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Choice.
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Old 11-17-2014, 08:24 PM   #5
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Old 11-17-2014, 08:27 PM   #6
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Old 11-17-2014, 08:39 PM   #7
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Old 11-17-2014, 08:56 PM   #8
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For me it would be to allow more leisure time for shopping at Costco.
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Old 11-17-2014, 09:09 PM   #9
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Old 11-17-2014, 09:39 PM   #10
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It's great to be able to pay for my kids University and watch them grow so much while there. Fortunately they are both really working hard and have plans in place.

Feeling safe/prepared and sleeping well. This is better than what the dollars can purchase.
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Old 11-17-2014, 09:52 PM   #11
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It creates conveniences!
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Old 11-17-2014, 09:54 PM   #12
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I was convinced this was a post from imoldernu, until I saw that it had been posted by Ha. Quite a shock to the old system to see a post from Ha, written in a style that is not the norm for him.
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Old 11-17-2014, 10:21 PM   #13
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My theory is that imoldernu is channeling haha to post philosophical posts with lists.
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Old 11-17-2014, 10:29 PM   #14
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I'm glad I'm not the only one who was thinking this
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Old 11-17-2014, 10:39 PM   #15
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Old 11-17-2014, 10:53 PM   #16
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I'm glad I'm not the only one who was thinking this
Me too, and I'm pretty new here
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Old 11-17-2014, 11:06 PM   #17
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Freedom, in its many forms.
The freedom to not feel anxious at work, no fear of being fired.
To be able to quit work if you want.
To be able to travel/holiday literally at the drop of a hat.
To shop where/when you want, rather than at the cheapest place in town on weekends.
To eat at restaurants when you want and not just for special occasions.
To move to a place you want to live, instead of living close to work.
To sleep in and not be concerned what time to wake up.
To forget what day it is in the week because it does not matter what day it is.
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Old 11-17-2014, 11:16 PM   #18
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Oh go on then, I'll bite, but I'm afraid I won't be able to answer in a stream of consciousness/list format.

I started saving out of fear - the fear that if I didn't, I might end up one day living in a hovel eating cold beans out of a can. I simply wanted to make sure that I would always have the basic comforts and necessities - a roof over my head, food, clothing, and maybe a few small luxuries. Quite frankly, that is all I have ever wanted, and that is what my savings and assets provide for me now.

The weather has turned a bit windy and chilly recently, and my small, warm apartment, though basic by the standards of many in the first world, feels like a palace. My 3 cats are are well-fed and currently asleep, and next week, I plan to break out the hot cocoa and whiskey. Heaven
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Old 11-17-2014, 11:30 PM   #19
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So I do not have to borrow.
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Old 11-18-2014, 12:19 AM   #20
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