For so many years of hard working in your company, did you ask your self the question, “Why should I save money?” Or while buying some stuff, did you ask your self the same question? The reason why I am asking you about this is because savings can change your life! Yes, change your life and the next generation of yours.
In this article, I will show you seven unexpected ways savings can make your life better.
Savings is the money a person has left over when they subtract their consumer spending from their disposable income over a given time period. Many people don’t know this deep meaning of savings.
The basic formula to get your savings is INCOME – EXPENSES = SAVINGS. In this formula, savings is just a left over. What if we reverse the formula?
Let’s try this one. INCOME – SAVINGS = EXPENSES. In this given formula, the savings is not just a left over, but a priority. You can also adjust your expenses here. You can cut your expenses and it is good for you. If you’re going to ask me which formula is effective in savings, I will choose the second one.
You can use this both formula, there is no wrong in there. The important thing is you save your money for your better future.
I hope I enticed you to save money, at least a little.
7 Unexpected Ways Savings Can Make Your Life Better
1. Savings can help you against sudden job loss.
Suddenly losing your job is a tragic in you life history. This is the time where you feel that all of problems of the world is riding in your back while walking in the bed of roses with nail. Can you imagine that situation? My friend, if that tragic event happened to you and you don’t have savings, what will you do? If you have a savings in this scenario, you can use it for your needs and even for your job reboot. In this, savings can save you so better save money starting from now.
2. Savings can give you peace of mind.
Peace of mind is very important for us. If you have savings, it can give you peace of mind. Now, you may ask me how? Try to figure it out. If you have a savings, fear of hunger, fear of debts, fear of job loss or any fear about money is not an issue anymore because you have a savings. Any time, you can get money from your savings to buy what you want. What a wonderful life! So starting from now, save your money and your savings will save you too.
3. Savings can help you in times of emergencies.
Emergency situations are unpredictable. You will never know what will happen next. So what if something bad happens to you or your family, and then you don’t have savings to use in this emergency, what will you do? Maybe there are so many ways to cope in this situation but imagine, if you have a savings, right there and then, you can provide solution for whatever emergency is in there. So if you want to protect your self or your family, I dare you to start saving your money now after reading this article.
4. Savings can facilitate your early retirement.
Many people are thinking of early retirement. For them, they want to enjoy the rest of their life with their families and friends. What a wonderful life if at the age of 40, you retire because you manage your money by savings and investment. Ask your self again. Did you want to spend your time more on your families and friends? If yes, then start savings and do some investment. These two are powerful enough to push you into early retirement. And if you retire early, you can put long time with your love ones. So after reading this, I urge you to start savings. Go to the nearest bank and save your money.
5. Savings can give you financial freedom.
What is financial freedom? Financial freedom means that you get to make life decisions without being overly stressed about the financial impact because you are prepared. You control your finances instead of being controlled by them. I want to put emphasis on this, “You control your finances instead of being controlled by them”. You can say that you have financial freedom if you can buy what you want without any hesitation. Do you want this to happen to your life? If yes, then save your money. No doubt, this will happen to you.
6. Savings can limits debt.
Living a life with so much debt is like living dead. Debt can destroy your finances and leads you to bankruptcy. My point here is, if you have savings then you can pay your debts. And after paying your debts, do not make another debt. Also, do not pay your debts using a money from another debt. If you do this, it is a cycle where in you can not escape immediately if you want. I suggest that pay your debts and do not make another one. It so nice to live a life without debt. If you want to live a life debt-free, then start saving your money.
7. Savings can send you in a vacation and relaxation.
Our target is to have a better life. I read so many blogs about better life and I know that one of characteristics of better life is having what you want to have and getting what you want to get. Sounds redundant isn’t it? Yes I use to redundant my statement to emphasize my thoughts about this. Can you imagine your self traveling in some part of the world? Have you imagine your self buying things you really want to buy? Sounds materialistic but let’s admit it, this is feeling good. You can do this if you have savings. So now, start savings for your future.
My beloved readers, always think of the word “savings”. You can get the word SAVE here because savings can really saves you.
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