Our spending habit is one of the many things that screw us in life. We never know what the present economic condition will brought us, so it is always good to save. If you lose your job then you usually have no choice but to cut your spending back.  For those who are fortunate enough to have survived cuts, they probably would do well to be squirreling away a little more towards savings or retirement.  That isn’t to say that you should cut all of it out completely, but a little spending here and there will go a long way.