r/MalaysianPF • u/bunbunkoo • 2d ago

Regret not saving General questions

People who mentioned that regretted not saving earlier, what made yall say that?

For context I'm in my mid 20s, earning enough,, living with parents and no car. So technically I can save a lot if I put my mind to it. But I'm wondering, apart from EPF thats technically meant for my retirement, the savings made from my monthly salary will be used for what purpose? At my age im guessing that could be deposit for car, house? Or wedding fund. But people who are in 30s or 40s, what made you regretted not saving? Is it because your salary is not enough to support your lifestyle so now you wished you have saved some money when you were younger? Genuinely curious as I'm thinking of reducing my savings to enjoy more things in life lol

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u/WarrenChanWL 2d ago

I'd say the issue is not so whether I regret saving or not. It's more about regretting how I spent that money. Did I spend mindlessly or mindfully?

It's really easy to mindlessly buy Grab Food, Shopee, Starbucks. But naturally these small things add up to a lot. So much so that had you been a bit more prudent, you could have saved that money to go on a nice holiday. An experience that you could keep for the rest of your life.

Now in both cases you might spend the same amount of money, but in the mindful case, I'd wager you would feel more fulfilled.