Beyond Penniless

May 19, 2014  |  My Life, Sad

One of the most interesting things is how this universe works, its so weird sometimes that you never know when you are given a chance to do something it in fact is in your best interest.  Being unemployed for the better part of the year had me exhausting my savings fund to a point where I am now in debt to others.  I am so in debt that I just cannot feel happy about receiving my new paycheck because I know I have to replenish everything I have exhausted (and that means putting a hold on enjoying and spending money on things I might love or want).  I know it takes time for things to get back on track and nothing happens overnight but that doesn’t stop me from going to bed wishing to wake up in the morning and find out that I have won a lovely amount of cash to put me out of debt and restart my savings.

Are you a saver? Or do you live from paycheck to paycheck? I personally try to save at least 30-40% of my salary for that rainy day.  Sometimes I would save a lovely amount and then blow it off on a trip to NYC, other times I would just keep on saving to either purchase a car I wanted or just to have that little nest for when I wish to not depend completely on my salary.

If you do save, do you find yourself digging into that fund during the month and using some of the amounts you have saved?  I sometimes find myself in trouble and have to dig in (i.e. When you take your car in for service and find out you have to pay an arm and a leg to have some parts changed :P)

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About the author

I am a Kuwaiti Apple and gadget girl freak, who gets bored of her blog layouts so much that I change them like I crazy. Currently I work in a newspaper and if you don't see me around I'm being sucked into my job reviewing TV Shows and APPS! This is my space where I vent and release everything, welcome to it.


  1. I am a saver. I usually just buy one or two purchases for the month, take care of bills and then save the rest. I budget grocery and eating out money, so I save a specific amount every month reliably. I don’t like debt, but I do have a car loan. I don’t have a credit card and despise them personally. I’d rather save up and purchase things with the money that I actually have.

  2. I have been looking at this post for a while and thinking should I or should I not comment. But today I am a bit bored and since there is few new posts to read. I have decided I will comment. What you need is a book called Rich Dad, Poor Dad. I am not a big fan of self help and motivational books but I do once in a while read them (4 hour work week equally good)because they have been particularly recommended to me. I will condense the knowledge for the sake of brevity. You take your earnings and invest it, and in the book he means all of it. The return or interest from this investment is what you use to spend even on a daily basis. Essentially you are shoring up a capital asset and by spending from the returns alone you never run out of capital and therefore never run out of returns.

    For example: let us say you wanted to buy a car, instead of using your salary to buy it. You build an asset big enough to give you money for the car and then buy it. Easier said than done I know. And I am yet to implement and reap the practical benefits of this idea. But one can see the logic in it. So, had you invested your savings however little and instead of spending the savings, spent from the returns, you would still have your savings. There is the caveat that the size of the asset and the returns it produces will determine the size of the spending. Hope that was helpful.