To the best of my knowledge, I think Savings is the part of your money that is set aside for future purchases or expenses, probably unforeseen circumstances that may arise which might be planned for. Having some particular amount of money as savings is not a bad idea because it saves and relieves from the stress of borrowing money from from other people when the need for funds or money arises. Every individual has plans for their money even if it is in surplus or deficit, while some people don’t believe in saving for later purposes. Our opinions differs from one another and the mode of income for every individual is quite different as well. No one can dictate for you how you should spend your money, rather, you decide for yourself how to have your spendings wisely and fulfilled in such a way that there would be some reasonable amount of savings at the end of the week/month.