In life, we come across
a number of unforeseen financial circumstances. Many are never prepared when
things turn against them. Do not wait till you are in financial difficulty
before you go round looking for money, start now by saving. Saving serves as a
support in any financial emergency and will allow a better quality of life in
the future. It is much better to consume responsibly in the present and save
fixed amounts today than to live spending more than you earn and always be
over-indebted. With a well, structured savings plan it is possible to guarantee
a better future for you and the next generations. In this short article, we
have put together …. Reasons why you must save.
Money is security
Saving will allow you to
live in peace and give you the security and financial independence you need to
meet goals and face unforeseen events. The habit of saving must become a way of
life that guarantees economic and financial stability, maintaining
constant growth and providing peace of mind in unfavorable seasons.
Money answers all things
One powerful and great
man said money answerers all things. I always say that money is the next
powerful thing in this word after the God head.If you need medicine, you need
money, if you need clothes, you need money. Money is so powerful that its
influence can’t be undone. The man who has money can do anything, give
himself everything he wants. Not only material goods but also what
normally has no price: health, reputation, freedom, moral integrity. Money
allows men to buy beauty, love, human organs, power and kids just mention
them. In principle, therefore, everything is bought: a good education, the
talent of an artist, the virtue of a judge, and even sins can be paid
for. Please do not let anybody lie to you that money is evil. If you have
the means to make enough make it if you do not have that means look for one but
should be genuine.
Money is power
It's impossible for us
to imagine a world without money, a symbolic representation of value and power.
You can turn it into almost anything you want. Money means potential. All
values are quantified in monetary terms and all wars around the world,
without exclusion, are aroused and maintained by the search for money and the
power it provides. Even the human being in today's societies is considered
as an economic factor, a resource representing a monetary value that is a
function of its productive power, the cost of its training, its family budget,
its banking capacity, etc. In short, the hierarchy of values in today's
world places money at the top of the pyramid.
On the other hand, the
will power of the human being as well as the desire for domination which
characterizes it in its natural state can found in the possession of the money,
a means of affirmation sure.
America is considered
the world’s superpower because she has a rich and well-balanced economy valued
based on monetary terms
In the
modern economy, the power of nations is determined by the control they have of
their currencies.
Money is freedom
Money is not a voodoo
fetish with a power of paranormal suggestion. It is the medium that facilitates
our exchanges. What attracts us is not the paper itself, nor the number in our
bank account, but the comfort, luxury and convenience we can get. Money makes
you independent and free from everyday stress. You owe nothing to
anyone. You do not submit to anymore. Money buys almost all our
dreams: to buy a home of our own, to make the trip of our lives, to have the
child get the watch on his birthday, or to buy a bicycle just like his fellow
student. You live exactly as you wish without having to be accountable to
anyone, without time, without any professional obligation. No wonder people are
willing to do humiliating, degrading, difficult things to get some money, it is
because they are in precarious conditions.
For financial
Independence.
We all dream and wish
for financial independence. A point in our life where we no longer depend on
our income to have a decent living condition. Means your survival in your hands
you have enough money to cover your expenses without needing to work anymore.
This gives you limitless opportunities freedom to do what you want when you want
without relying on a steady job to cover your overheads. You can choose to
spend your time on things that matter most to you.
Reduces Stress.
Do you know that not
having enough money can make you stressed? One of the top financial concerns
that lead to stress, is not "having enough money to pay the bills,"
followed by not "having enough money to save for the future. “Lack of
money can be a real headache, imagine your rent is due, you need to pay your
kids school fee, you have a big plan and you do not have enough to facilitate
your activities this can be a nightmare. Other extremes do occur: Fear of
losing the lifestyle you are used to, or even having to dispose off items like
a car, home, or moving to a lower quality neighborhood, can lead to financial stress.
The fear of losing a job or source of income, especially in times of crisis,
brings extreme concern about the future and how bills will be paid. The
fear of not being unable to pay the bills, the increase of these debts with the
accumulation of interest, the anxiety caused by the consequences of default,
the constant charges.
All this causes the
person to start developing health problems caused by excessive worrying.
If you want to
live a happy and stress-free life, you must be organized and prepare for your
future. You have nothing to lose and everything to gain by saving what you can
every week or month.
To become rich.
Everything has a cost
and you have to be better prepared to cope and live well. You want to live
comfortably in life. To be able to enjoy everything, eat as much as you want,
afford what you want, without looking at the price. Want to spoil your loved
ones, buy them gifts, surprise them. Your only way to fulfill this dream is to
have a lot of money. The rich people we see on our streets started from
somewhere. With discipline and effort in their financial activities, they have
made it to the top and are living their dream. So start saving by setting aside
a small amount on a regular basis because you have to have money to make money.
For retirement.
Your retirement is due
and it looks as if they are sending you home to go and die of hunger and
poverty or look for a part-time job just to make ends meet. This can happen to
you if you do not plan well. If we want to lead the same lifestyle when we retire
than we need to save extra.For us to have the assurance that in our old years
we will have the financial support that will offer us a retirement without
stress it is most convenient and prudent to start planning from now and
allocate a portion of your income to retirement.
Car
For many, car is the
biggest purchase you make after a house / apartment. For the same reason you
should save for a house or apartment, you should save for a car. If you have
enough savings, you do not need to take as large a loan and at best you do not
need to take any loan at all. This way you save money because you do not have
to pay interest on any loan. So you save money by saving money.
To buy a house
One of the biggest
investments in one's life is buying a house. For you to qualifier for a
mortgage facility you must have saved a required parentage of the value of the
house in question. You can prefer not to facilitate your home with a mortgage
since it comes with high-interest rate compared to ordinary home loans.
By saving more money you
can actually buy a house or apartment completely without a loan, if
you are really good at savings.
Take a dream trip
Do you have a dream of
traveling around the globe like me and seeing and experiencing different
cultures then you really need to save. Traveling can consume money a
lot depending on the destination and the economic state of the
country you are visiting.
For Investment
For you to make money
you need cash,you have to save money that you can then invest. The whole
purpose of investments is that they will lead to returns in the future. Thus,
by saving money that you then invest, you can make money. It is usually said
that the stock market increases by 8-11% per year on average. It may sound a
bit unpromising, but as you get a return on your return (so-called
interest-on-interest) your investment grows faster over time. Investing is an
important part of how to get rich.
For emergencies
It is very important to
have an emergency fund
If you do not already
have one then it is high time to start saving for one. This is to serve as
support for unforeseen expenses like a major repair of your vehicle or your
home accident, a funeral, a severe weather event that can
generate significant costs without prior notice. The amount of buffer you
should have is completely individual and depends on your life situation. You
have to decide for yourself how much buffer you need to be comfortable, the
most important thing is that you have something that can protect you in case of
unforeseen expenses.
Be prepared for
unemployment or disability
You may think like many
people, that a job loss or temporary disability cannot happen to you. You may
not think you need to prepare this particular scenario. But the reality is that
thousands face these terrifying scenarios every year. Do you have enough money
to cover your expenses while you looking a new job? or the time of
convalescence? By being prepared, you can better deal with difficult situations
when they arise.
Provide better education for children
Do you have kids or
dream of having any. Well! the success of your kids depends on you
to a great extent, so the sooner you start thinking about it, the better. Do
not be part of those who only worry and start running around looking for money
when their kids are ready for college or entering high school. Start to save
for the future of your kids today.
