That's absolutely true, until and unless you develop a discipline on savings how much ever you make you will always be broke after some time. I know people have that tendency of saying that who knows about the future or live in present, but what if they see the future in broke condition.

There was a episode in Friends, where Monica's father was telling her about 10% in savings fund when she was fired from her Chef job, so yes that's what the savings will do for you.