Older couple reviewing financial plans together
Retirement & Financial PlanningJun 30, 2015•1 min read

Why you should save less

I know I know the title of this post may be a little misleading but bear with me....

Portrait of Tejas Shah

Tejas Shah

Proprietor of Silicon One and Silicon Systems, AMFI-registered Mutual Fund Distributor since 2004, based in Vadodara.

I know I know the title of this post may be a little misleading but bear with me. I'm sure you've heard the saying "a penny saved is a penny earned" or something like that. The thing with these pennies nowadays though is that they don't hold their value over an extended period of time and are steadily leaking your economic power. Have you ever realized how small the return is on your money when you simply save? And in some cases savings may be showing negative growth. So what's the deal? The best alternative to simply saving is to grow your income through investing. Even in harsh economic times there are items that appreciate in value because of the same bad economic climate, recognize these and capitalize on it. Have an investment plan, there are many ways your money could be earning better returns than just sitting in the bank, sure it may be safer there but it is also less likely to grow a whole lot. Put your money to use and let it work for you, although the risks may be higher than just saving, the corresponding pay off may be well worth it.

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