I have a tendency to hoard money, both in my savings accounts and at home. I will usually have a few hundred in cash at home just in case we need it. I keep quite a bit in our savings accounts. We don't want to go below $30,000 and have $37,000 right now.
Since I grew up poor, we had to do without some things that others would consider basics. One time we didn't even have a working toilet indoors. We had to use the outhouse for a winter. That sucked. I hated it. When I was 17, I asked my mom for $5 to buy tampons. I did have a job but was making minimum wage and had probably spent my money. My mom told me that it wasn't her responsibility to buy me tampons because I had a job. At that point, I knew that it was up to me to provide the basic necessities for myself. (As I type this, I cringe as a mother. I can't imagine ever telling my daughter that I wouldn't buy her the basics like tampons.)
I hoard money because I don't want to be without. At 19, I moved out of my parents house. I had to have money in savings or rely on my credit card for anything that would come up like car repairs, new tires, or an apartment deposit. My parents wouldn't help me out, even if I would have asked. They wouldn't even cosign a student loan for me. I knew that if I didn't have the money, I might have to move back home which wasn't an option.
I still worry that something will break down and I can't afford to fix it. I think that I will always have that fear. That fear can be a good thing as it has pushed me to make good money. I have a high work ethic and an inner drive because I want to break the chain of poverty.
Savings can be a good thing but it doesn't always stem from a good thing. I just want myself and my family to have a better life. (Side note: I don't necessarily think that money means a better life but it oftens opens up doors through education that will also break the chain of violence.)
Why do you save money? Just to have it? Just for fun? To be responsible?