If you were asked this question: Do you want the best things in life? Definitely, we would all say yes. Everybody wants a very good life, dress up in good clothes, own nice houses, buy the latest cars, eat very good food and the likes. This is why it is very necessary for you to attain a financial goal.
Getting your vital needs is a normal thing, but overspending as well as acquiring unnecessary things is not financially healthy. You should learn to set your priorities right. So many people complain about being broke and having too many expenses.
Learning the rudiments of saving entails learning to cut down your expenses. It is a general idea that your income influences your spending i.e. the more you earn, the more you spend and vice versa. This is really true about human nature; however, as you earn more, you can also save more.
It is high time we learnt that jumping on the bandwagon costs a lot. Yeah! ‘This wanna be thing’, trying to impress others with your appearances, or spending so much at bars and eateries just because you want to feel among. Trying to be what you are not isn’t just right. Be wise! Attain a financial goal!
Is saving really necessary?
Some questions have surfaced like: Why should I save when I earn little? Why should I save when I have so many bills to pay? Honestly speaking, sometimes we find ourselves in this kind of situation, but saving little is much better than having no savings at all. Don’t forget that saving gets you prepared for the future. Attain a financial goal, for this is a great step to attaining financial independence.
So many people are financially stuck one way or the other. Some blame themselves for not knowing how to save; their minds are clouded with the idea that when they spend up whatever they have, another will surely come. This is a very bad financial habit. Take for instance, you’ve got something urgent to do or you really want to venture into a business, if you’ve got no savings, how would you achieve this? Really, saving helps a lot, it is like storing water for the dry season.
How do I save?
Saving is a habit you have to develop. The first thing you have to do is to control your spending. Next, you set up a budget. Having a budget goes a long way in controlling your expenses. Another thing you have to do is to quickly pay up your debts, that is if you have any. Debts are like cankerworms, they keep eating deep into your income.
To achieve this, learn to spend wisely, save more and please invest in something profitable. You really don’t need a huge sum of money to invest in something good. Start something, no matter how small, it could rise to be something great in the future. However, if you fail to invest, you will have nothing to hold on to when the need arises, especially in the future.
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Fumilola is a creative writer, skilled at writing informative and engaging articles. She has a Bsc. degree in Demography and Social Statistics. She spends her free time reading novels