Of savings ≠ not spending


For a species taking as much pride in the supremacy of their own selves as far as their possession of the grey matter does among all other things, one would expect the human race to be one smart indeed in its dealing with the finances. After all, money is but a human devised concept and to believe that the creator of a thing does not yield absolute command over the domain of their own ingenuity should strike as much of a farce indeed. Only that it does (not) with the purchasing power of money acquiring for itself such riches that include also the supposed superiority of humankind. And hence it unravels as a paradox of sorts that the same money held in so much preciousness by us humans should come to ridicule us all when it comes to asserting our mastery over it.

This encountering of the dilemma in money management though is nothing rather surprising in its continuous ‘trend’ characterising the human existence. Very often we struggle to save whatever should be ideally possible from out of our assignment of a set income despite some really great advice doled out and some incredibly promising tips lent to help secure that end in setting away for what one envisions as a rainy day. And the younger we are in terms of age or parallelly the less experienced we are in terms of living, even when these two traits of existence need not necessarily correspond in so much directness to each other but is assumed to do so generally, we falter even more when it comes to mastering the intricacies of the saving mechanism.

But it isn’t really all our fault to be fair enough to ourselves. Alluding to our very essence of evolutionary existence can be a justification of such human behavior that mostly do not manage to balance the sheets of earning and spending leaving therefore one with no savings to ponder over. As a species hardwired to ‘consume’ rather than conserve, humans perhaps will continue for eternity their less than desirable encounter with the complex working of what even sounds sophisticated enough in speaking of the finances. But also of consequence might be the virtue of sharing that humans have come to learn and practice in their evolutionary again path of existence which though might be ironic somewhat in consideration still could be a factor impeding our ability to save money to the most optimum levels possible of it.

To understand why this is so one might need to look back at times as far as prehistory which again makes for another interesting prelude given that money itself would not come to be the definite thing that it is for more than quite some time thereafter. But money being- dare we say that out and loud- ‘just’ a commodity itself at its most basic essence, it should not be so surprising that out learned human behavior treats also this present day root of all evil as no any lesser or greater a good.

For its most part, the human brain is wired to consume and share rather than save and hoard. In fact so ‘unnatural’ it is deemed this tendency to hoard but not so much, or rather at all to save, that hoarding is seen as a disorder availed out of the human mind. The psychology behind this might be somewhat complex but what emerges as the point we are striving to make out of its citing as something fact indeed and not fiction is that we as a species have never had our minds and brains attuned as much to the spirit of saving as we are in spending.

As individuals alluding to an existence of the essentially social kind, our forefathers and ancestors in their identity not much broader than their classification as hunters and gatherers had but only food to ‘deal’ with as part of their resources. And food being largely something residing by nature in the trait of perishability, it made sense indeed to eat them all up rather than spare some for a prospect in future eating. Of course, they would still ‘save’ as little as they possibly could but that wasn’t the expectation nor the rule to live by. Also since acquiring food itself was a challenge and not everyone of them would be fortunate enough to lay their hands on food as and when needed it made sense also for one to share their surplus amount with others perpetuating thus a case in existing that did not really have much intent or prospect in setting aside some for the future.

The reference might sound too farfetched both in what we are attempting to draw out of it as well as in the more obvious notion of the time gap. But as something now so ingrained within the collective human existence as a form of learned behavior, which so as to say is as indispensable as perhaps the genetic structure of one’s physicality, the sharing and consuming (or spending) instinct is more than dominant across our race. That obviously translates as a overwhelmingly low chance for the consideration of savings to command for itself which is what derails so much of our more than frequent new year’s resolution in trying to be more economically and financially sound and secure at least in the sphere of cutting down our unnecessary expenses if not accentuating the incomal flow accruing to us.

Making this striving in saving even more difficult a task to endure is also the science that dictates this not natural behavior of the human kind as something even more difficult to further in the technicality of things. But even within this supposed scientific convention, it again is another identifying trait of humankind that proves to be a dampener of their saving intention. Because so absorbing of the senses happen to be the beauty unfolding in the present, or at least purported to unfold in such capacity by human again conjurations of the classic carpe diem for instance or the newfound YOLO enthusiasm instead, that one very rarely manages to see into the future in as much practicality as they need to. Living in the moment to truly experience the blisses and beauty of life is a very realistically charming idea indeed, so much so that the future seems a distant reality one need not be so conscious of.

And thus it emerges, as a catastrophic outcome of this feel good manifestation in worthy living which so as to say isn’t exactly the premise for disaster as well but still is missing of the point that matters by a considerable margin. Of course it is convenience indeed that drives the whole human intelligence astray when it comes to conserving their finances for it is easier to not save than it is to do. Add to that the weighted average of the present bias arising from such beliefs of life as being short and fleeting and unpredictable and all things rather ephemeral and saving simply does not command a place in our scheme of existence.

So accustomed are our brains and minds and mindsets in fact in this impulsive but also very established proposition of living in the present that we discount the uncertainty of the future or choose completely to unsee it perhaps. And so do we overlook the importance that saving holds in our whole range of living in a world increasingly identifying as being driven by financial urges galore. This non lending of the essence of necessity upon the saving consideration essentially relates directly to harbouring no any propensity for the same, no matter how much advanced and more intelligent and sensible we as a race have evolved to be.

The rooting of it again is discovered deep within the mind that does not really view the future as a self of its own imminent identity despite the glaringly personal rendition to what it accrues. In fact rather peculiarly, the future reveals as a phenomenon akin to a stranger for whom we are not likely to bear any particular concern. That despite the more than certain prevalence of future planning and many a courses of action crafted exclusively in consideration of what is to follow later in life being so common modes in the modern day human existence and it should be perplexing for sure why the same judgement is not applied to saving in the wholly monetary sense of it.

That’s perhaps because we are not so much attuned to believing yet that something created by some among us has commanded the ‘audacity’ in ruling our times to come with so much exertion of might that has veritably eroded our own status in being intelligent and rational, free and independent humans hellbent on doing everything exactly the way we want. This is over and above the greater instinct in surviving first of all that we live in and that which keeps us so engrossed in the present that we brush off any unsettling but real thought of the future that manages to creep up to us.

Together these couple of considerations in cumulative living, one intertwined with the physical strata of being and the other with the mental dimension of existence impact so greatly even any mere mulling regarding the utility that saving expends on so that this certain part of the entire money matter does not stand much of a chance along this strain upon the finances. The extent of this behavior established to be derivant thus upon the very human psychology is surprisingly universal a ruling even when there does exist a considerable chunk of the population that do possess this incredibly hard to master art in setting away resources for requirement in times of need. What helps them earn for themselves this desired identity in being a rational enough saver over an excessive rather spender boils down to their intrinsic makeup, whether it be of the mind or the body as concerns whatever thought or rationale or chromosome or gene manages to eke out dominance. But the majority of us being doomed to bear the more ‘human’ instincts of our adequately human ancestors we wail still in that woe of being miserable misers with but the solace of our humanity there to make us worth it all perhaps.