Thursday, April 29, 2010

saving concept vs FD -1

Boy & Mom:

"Mom, why we have to save money in future?"

"For your future."

"Why for my future?"

"So that you may have money to eat, use & go any where with you money during golden age."

"When you ask us to save money?"

"The time you received the first angpou in early of the year."

"Mom, I still not very sure whether have any benefit or not if we save money in bank?"

"Son, bank have interest to pay to us if we save money in bank because they appreciate to open a fixed deposit in bank."

"What is fixed deposit?"

"Fixed deposit is a account to log the fixed amount in bank without taking out before annually mature date is coming."

"Mom, why so many people stand in the bank & what card they used?"

"Oh... They use the ATM card in order to take out money from ATM machine."

"But mom, if one day we have taken out all the money from ATM machine and use it, when old time we dont have any money during old time. Will we have to beg money at street like what I saw in Petaling street?"

"Boy, if you have work, then you have money."

"But mom, we should retire at old age like late grandmother, why still have to work at 65?"

"Boy, when you grown up, you will understand."

"Mom, I want to be a cartoonist."

"Where you have money?"

"From mom."

"Me?"

"Yes morther, I want to be a cartoonist."

"But right now, where I have money as we now sleep at street?!"