Monday, September 14, 2009

Take care of the pennies and the pounds will take care of themselves.

Jakob Haferland

I think this old idiom is still true in today’s world. What it says, that if you can handle small amounts of money you won’t have to worry about the big amounts, is still applicable to our lives.

Another saying tells us: ‘He who doesn’t care for a cent, is not worthy of having a dollar’ (translated). It might describe it a bit better as it says if you don’t spend your cents carefully you won’t have much success with your dollars. And I think this is absolutely true.

Getling a small amount of pocket money as a child and training or practicing, by having to think about what you’re spending money on is very important in developing a sense for spending money. If you never have to save money as a child, if you have enough money all the time, you may not appreciate what it means to be able to spend money or what it means to save money.

Most if us won’t have the luxury to spent our money on whatever we want, most of us will have to tighten their belts sometimes in life or will need to save some money over a longer period to afford things like a house. And saving money starts with the little things. Do I really need to buy this right now? Even if it just costs a few cents? I want to save, but it’s just a coffee, just an ice cream. What difference does a few cents make? Not always easy to say, but if you can make the right decisions in these questions you will be alright when you need to decide whether you can afford a house or not.

 

5 comments:

  1. In Japan, there is a old phrase which has nearly same meaning with the phrase you mentioned. I think there are some common ideas in the world and this is the very case of it.

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  2. Nice article Jakob.I agree with you that we should learn how to make the right decision when purchasing anything , even if it costs a few cents. Also, we should appreciate every cent we earn. because a million dollar-business starts with a dollar.

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  3. I totally agree with you about a child case. It seems that almost all people who are spendthrift are influenced by their parents, I feel. How we use money is really significant in our lives so as you said, we should teach children how to use money or to save money:D

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  4. Yr thought is greeeeeeet, i think!!
    I almost agree wiz u!!
    Actually i like saving money.

    BUT!!

    Ice cream is god for me!!
    So i dont hesitate to buy ice cream!!
    Plz forgive me just in the case of ice cream buying!!

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  5. I suppose that save money is quite an important thing in our life. We should learn how to do it. I think it's a good way to know the sense of money. Even the sense of the things you bought.

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