säästöllä

Säästöllä is a Finnish term that translates to "on savings" or "with savings." It refers to a state of being where one is living primarily on accumulated funds rather than current income. This can be a temporary or long-term situation, depending on the individual's circumstances and goals.

People might be säästöllä for various reasons. Some choose to live on savings to take a sabbatical, pursue further education, or start a new business venture without the immediate pressure of earning a salary. Others might find themselves säästöllä due to unexpected events such as job loss or illness, necessitating the use of their financial reserves. In retirement, living säästöllä is a common and planned phase of life.

The concept implies a conscious management of one's financial resources. It often involves careful budgeting, monitoring expenses, and potentially making investment decisions to ensure the savings last as long as needed. The sustainability of being säästöllä depends on the amount of savings, the rate at which they are being depleted, and any potential for income generation or return on investment. It is a state that requires financial discipline and foresight.