Asked by Anonymous

Why are some people so obsessed with saving and hoarding money? Isn't the point of having more money to also be able to live comfortably?

I'm not saying that you shouldn't save, but sometimes it comes to a point where is is so extreme

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    • Lee Chun Kiat
      Lee Chun Kiat
      15 Answers, 18 Upvotes
      Answered 5d ago

      Save at your comfort level, however I always believe if one feels too comfortable then probably he/she is not saving enough, which is totally fine if you don't mind extending your retirement...

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    • Jason Sin
      Jason Sin
      329 Answers, 420 Upvotes
      Answered on 27 Nov 2018

      It really depends on one's family background/upbringing as well as how much income one is earning. If one comes from a very poor background and has suffered from poverty at a very young age, he/she has the tendency to want to save more because he/she is not willing to go through poverty again. Moreover, if one is earning only $1000+, naturally he/she would want to save more so that he/she has money during contingencies. Don't judge. Do understand everyone is different. Some have to make difficult decision because of their circumstances.

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    Yong Kah Hwee
    Yong Kah Hwee

    Top Contributor (Dec)

    423 Answers, 580 Upvotes
    27 Nov 2018

    Yes, but if you keep spending on small stuff, you'll never be able to afford the big stuff (better furniture, better home, etc)

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