Thoughts on Savings

I am currently in Mid-Term review mode, so I was reading our Macroeconomics textbook.  In the chapter on consumption, Romer defined savings in a simple, obvious way that made me think.   Savings are future consumption.  Savings today are just transfers between you today and you tomorrow.  People who save a lot are just very concerned about the welfare of their future selves, and less concerned about their present selves.  In the same way, negative saving (borrowing for consumption) is just spending tomorrow’s money today.  Those who borrow a lot care more about their present selves than their future selves.