Forced Savings: A Forgotten Necessity in a Free-Spending World When we first start earning, we often believe savings will happen naturally. “Why would I need to be forced to save?” we wonder. “I work hard, I understand its importance — saving will come.” But life is unpredictable. Over time, new goals, temptations, and responsibilities pile up. Rent, EMIs, weekend getaways, weddings, gadgets, education fees… and one day, we realize: "I haven’t saved a single rupee." That’s when the wisdom of older generations begins to make sense — the wisdom of forced savings . 💡 What is Forced Savings? Forced savings refers to saving mechanisms that remove the option of not saving . These systems make sure money is put aside before we even think of spending. Traditional forms of forced savings in India include: LIC premiums and endowment plans Public Provident Fund (PPF), Employees' Provident Fund (EPF) Recurring deposits and postal savings Systematic ...