Is it the correct attitude?During my childhood, my father was always advising me to save at least 10% of the earnings so that in case of any emergencies that will come in handy. Another issue he used to advise was not to go for loans unless otherwise, it is an absolute necessity.
But these days the situations are entirely different. Earn and enjoy is the order of the day. Nobody thinks about the coming days and after retirement days. Nobody will hesitate to take loans and purchase many items. I think we will find no person without any loans.
If we observe even ants they will try to store food for the rainy season. We should learn from them. I like to know the views of the members on this issue.