Not About Making Friends, It's About Spending Money

There are plenty of good, straightforward reasons to avoid saving money that I'm not going to focus on here. For example, if you have student loans or any kind of debt, it's just plain mathematically unsound to save money and earn less interest than what you owe on the money you've borrowed, but that's self-explanatory.

You shouldn't save now because the rationale for saving at this point in your life is preposterous. Five years from now you'll likely be making more money than you make from your entry-level job today.

Let's say you have $5,000 now, never mind how you got that money, and you can either save it or spend it. With a 5% yield compounded annually, you'll make $1,381.41 over the next five years if you save the money. If you spend it, you get to buy whatever you want, improve your standard of living and have a thousand dollars' more fun a year.

But if you're confident that you'll be making more money in the future, that extra $1,400 five years from now shouldn't look all that attractive. At the same time, given the expectation of more money in the future, why should you save the cash you have and live like a pauper today? The money is more valuable to you now than it will be in the future, so use it.