Thousands of financial experts and investors will tell you that saving money is the right way to live. Although they make an excellent case, they fail to tell you the drawbacks of saving your money. My hope is that, after reading this article, readers will understand the significant shortfalls of saving money and perhaps stop saving altogether.

1. Savers Have Less Stuff

Have you ever gone to someone’s home, walked into the living room, and gazed at a gold plated Nintendo Wii? I have, and the experience is rather depressing. How uneducated and poor do I appear to my friends when they see my white Wii made of plastic? Luxuries like these are status symbols, and they are worth the investment.

2. You are Smartest When You are Young

I hate those cheesy videos on facebook with old people who share words of wisdom. Why do these old geezers think they are qualified to challenge my 20 years of real world experience? I am terrified that, one day, I will come to adopt their ideologies for charity, travel, and family time. The best way to stop these distractions from manifesting is to ensure you never have the financial resources to pursue them. Spend your money now, and your older self will thank you.

3. Investment Returns aren’t Great

Three Years ago, I told a coworker that if she invested $100 now instead of buying coffee for one month, it would be worth between $1,000 and $2,000 when she retires in 40 years. She replied, “That’s not alot”. Know what? She is right! Why would you give up coffee for a month to only hope you live to be 60? According to candidmoney.com, if you are currently 20 years old, your chances of living to 60 are only 90%.

4. People with Money Can Afford to Cover Emergencies, Which Causes them to Happen

Here is a perfectly sound logical argument for you.

Emergencies Happen Emergencies cost money People with money to pay for emergencies will pay for them People without money will not pay for emergencies You can handle emergencies If you have no money, you cannot have an emergency.

Ah hah! Perfectly sound logical proof. If you don’t save, you won’t have any emergencies! Mother nature is always on your side.

5. Saving is Complicated

There are thousands of books, classes, and financial planners. Who do you listen to? What is the consensus? Unless the money-smart community can come together and conclusively decided what you should do, it’s better to start saving another day.

In Other News

This 4 by 6 index card went viral a few years ago because it allegedly “has all the financial advice you’ll ever need”

The card was featured in The Washington Post, Forbes, Time, Freakonomics, PBS, Lifehacker, and countless other unreliable sources. That doesn’t sound like a consensus to me.