Not necessarily; it's getting use when stored in banks, accumulating interest and not being spent - that way you've got savings for unexpected payments, and for large payments.
If you just spent all your money right away, how would you afford rent/utilities? Or, in this loathsome car-centric culture, a car?
If you just spent all your money right away, how would you afford rent/utilities? Or, in this loathsome car-centric culture, a car?