How does one begin to save - A personal finance article by Prof. Vidya Mahambare

Ask yourself, are you impatient? Do you fail to stick to your plans and New Year resolutions? Do you worry about your social status and public image? Are you a spender or a saver? If your answer to the first three questions is yes, then it is more likely that your answer to the last question would be a spender. Here, a spender refers to a person who overspends today, which may have adverse long-term consequences on their material well being, and hence their welfare.