There is a vast difference between Western and Russian attitudes toward savings. Everyone in the West knows youre in trouble without a retirement savings account; no one in Russia plans that far ahead. So very often its splurge and starve.
Why don't Russians save money! Because they have nothing to save! According to
statistics, more than twenty percent of Russians live below the poverty line. Some experts
say that two thirds of Russia's population can be considered poor.
What can you save if you grow vegetables at your garden-plots because you cannot afford to buy them in the store? Of course, the vegetables and what you make of them, but not money...
That is why Russians don't plan that far ahead. They don't have extra money.