Importantly, it should never be forgotten that when we are in sound health, we should sweat or work hard, so that we earn by using sincere means and procedures. While earning our living is very nice, we all should do but we should deposit some of our earnings/savings to be used in rainy days; while we are old and not able to earn due to our ill-health or nothing productive to do.

It is in the fitness of things to understand what is is age when we think ourselves ‘old’ ; when we are not able to keep ourselves active and cannot move freely as we do hitherto in our youth time. You are as old as you feel yourself to be holds good for old-age too. Factually, senior citizens, due to their grit and determination, remain active even after 65+ years of age, of course with resolute mindset and strong strength of mind.

However, it is advice-able to save something for meeting the old-age period by some of the methods:-

  1. From the day a person gets a meaningful employment, he/she should start contributing in Provident Fund (PF) or any other venture which fetches higher rates of interests and it could be continued till superannuation of the concerned person. Care ought to be exercised that we should not take out money from PF or any deposit done at a fixed period of time but on the other hand, we should endeavour to increase the deposit to a maximum amount permissible for an employee which is as per the status and the pay band in which person is placed.
  • Then we should start deposit by way of SIP plans (Simplified Investment Plans) and other mutual funds according to our saving propensity – but these should be a long term deposit plan, only to be taken out when hugely required to meet any emergency contingencies in old-age while our inflow of regular income just dries up; if pensionary benefits are not there in place,
  • Subsequently, we can deposit in Fixed Deposit in Banks and Post Offices which could be for minimum of one year or more years and these could be extended to a period a depositor wants according to his/her capacity.
  • Then, when a person retires from the active service, he/she may get pensionary benefit in the form of gratuity, commutation, amount to be received for annual leave not availed, PF etc. This corpus of fund could be deposited in the Bank and if required, the interest accrued from this fund could be taken month-wise for meeting the expenditure required.

All the above deposits could be utilized in the old-age; for meeting expenditure for contingencies like sickness besides purchase of house etc. but this ought to be done from our youthful time, when an individual is physically good and mentally sound.


Author: Harbans

GOD is very compassionate with us in every way, need is to use those blessings which are the results of His bounties and thank Him for everything that He gives us. We should also share these bounties with our fellow-beings. I am the person who loves God and His Creations. I love my Creator and not fear Him. My children are adjusted to life, incommensurate, to their Karma and destiny. I have served as a Sr CGO for about 38 years in a Central Govt. Presently I am serving as an Adm Offer with an Engineering College. I am a spiritual person with liberal ways of thinking. I respect all the religions as I respect mine since I understand that all the religions are the pathways to a SINGLE ENTITY - paths for connecting with Him may be different but the ULTIMATE SOURCE IS ONE. I want to be a student till last day of my life. I am a homeopath also, which I pursue as a social service only. Happy moments, I take as God's Gifts, sad ones I take as His Test for me. I believe that He will surely assist me in this Test of His, come what may. Really. I have more belief in Him than I am on my own. You can comprehend my philosophy in life from my write-ups which I write while interacting with them. I firmly believe that every person has the special characteristic which other fellows cannot have and I respect that person as such. With the grace of Almighty God, a book entitled INNER THOUGHTS which could be purchased online from http://flipkart.com. This book is based on the topics which have been penned down. That is why it is rightly said if intentions are good, everything goes well with you.


  1. It is a moot point that we should work hard to earn our living but we should save part of it and deposit the same meaningfully so that the amount saved could be utilized when we do not have regular income in our old-age. It is not how much we earn but how much we can save so that the saved amount could be required for meeting the needs when we grow old. During this time, we do not have any source of earning therefore what we had saved comes to our succour.

    Please appraise the answer and give viewpoints.



    1. Yes Derrick sir, it is important to save for the rainy days especially when we are old and have not got any regular source of income like the one we earn while in active service. Only saved money cam com to our help during the last stage of our life. Regards.

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