I always thought the phrase "save up for a rainy day" meant, "save up so that one day when it's rainy and you're bored, you can buy something awesome."
I recently watched the documentary IOUSA, which depicts how daunting America's future debt promises are, in the hopes of tipping the American populace toward the election of political candidates with true budget-neutral fiscal responsibility. It was in this movie where the directors used that phrase "save up for a rainy day", and discussed how most people born in the 80s never really understood the concept of saving in terms of "tragedy-protection."
So, my question is, what did you think the phrase "save up for a rainy day" meant? And in what decade were you born?