Saving should be a lifestyle, but let’s see some vital reasons.
It is simply the act of setting aside a certain amount of money from your earnings for future purposes.
Some Reasons why you should save:
#1 Rainy Days
Ever heard of ‘rainy days‘ – these days your savings matter a lot, we can call this broke days. “When the account don red” and there’s no other way to get money only to fall back to your savings. This can only be possible when you save!
#2 In case of health emergencies
It is important to note that things we don’t plan for happen most times and at any point health issues might come up, you want to be financially ready for this period to enable quicker recovery and less stress.
Saving is key, the sickness may be minor or grave and it might not be you, it could be some one close. You still want to be prepared!
#3 future purposes
As an income earner, it is advisable to start saving for future purposes and for even your generations to enjoy.
One of my mentors told a story one time, she said she came from a very poor home and swore that her kids won’t go through that kind of life and she started saving for this course. At first she saved 10% of her allowance and little by little it started growing and when she finished collage and got a job, it was easier to save because she already cultivated the habit of saving. Today she owns multiple companies and has been able to fulfil her promise. I know her children’s children are protected!
Want to build a very big house in the future? Want the finer things of life? Want that car? – start saving for all your future plans from now.
#4. financial freedom
Aiming for financial freedom is highly important, knowing fully well that no matter what your current account reads, your savings account is reading even greater figures.
The goal is to reach the point were we don’t worry about having money and not get broke, saving is the way to go about it!
Start saving now, make it a lifestyle!