36 Reasons Why I Save and Invest | Why Do You Save?

by RJ

in Investing

3D Character and Question MarkI have my reasons why I choose to save rather than spend. Here they are:

  1. To make money
  2. To make passive income
  3. To save on taxes
  4. To avoid taxes
  5. To pay for education
  6. To support myself when I don’t have a job
  7. To pay for emergencies
  8. To fund businesses I want to start
  9. To support the government, local and federal
  10. To support the International Economy
  11. To travel
  12. To have freedom of my time
  13. To spend more time with family
  14. To pay for a car
  15. To stay debt free
  16. To take advantage of compound interest
  17. To own instead of borrow
  18. For my career flexibility
  19. For my wife to have career flexibility
  20. To be able to spend more time with family
  21. To pay for Cubs World Series tickets
  22. To pay for Bears Super Bowl tickets
  23. To beat inflation
  24. For the joy of reaching a goal
  25. To give to charities
  26. To leave something behind to my kids
  27. To leave something to my kids, kids
  28. To increase my self discipline
  29. To help out a friend
  30. To get a tax refund
  31. To sleep better at night
  32. To not have to worry about money
  33. The thrill of making money without doing anything
  34. For free money (401K match)
  35. To dream big
  36. It’s fun

What are your reasons for saving and investing your money?

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CraigNo Gravatar January 18, 2010 at 11:54 am

This is a large list of reasons to save, I have a few that are the basics that are very similar. I know this is a long list so you stretch for ideas, but no way anyone saves because it helps out the government, ha.
.-= Craig´s last blog ..Weekly Personal Finance Roundup =-.

RJNo Gravatar January 18, 2010 at 3:51 pm

HAHA. 1% to 2% (extreme sarcasim) of my taxes do go to something good. I just wish it was a little higher of a percentage. (:

CrystalNo Gravatar January 22, 2010 at 1:51 pm

My list is shorted but encompasses most of the same things. Here are reasons why we choose to save instead of spend in order of importance:

2. To always have a feeling of financial security – to sleep well at night.
2. To make passive income – compound interest.
3. To vacation travel.
4. To be able to afford our luxuries (cars, cable, maid service, Netflix, etc).
5. To cover emergencies like job loss.
6. To fund a rental property and other financial opportunities.
7. To get and stay debt free (mortgage and all)
8. To help others.
9. To beat inflation.
10. To save on taxes.

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