WHY TO SAVE?

Many luxuries of a flamboyant life come with some extra money in the wallet. While it is true that money cannot buy us all the happiness, it does amount to a great deal of happiness if there is enough money with us to spend. A growing number of youngsters have gigantic annual packages and while their economic status is growing tremendously, so is the standard of living. The responsibilities of adulthood are never ending and often tiresome. While there is your family you have to look out for, to your children and the pressure of providing them with great education, the vacations and the trips you want to take to the carefree retirement you dream of, the middle aged man is often consumed by the burdens of the future while the present slips off somewhere along the way.

Amidst the chaotic life how do we manage to bring a balance in our lives? The answer is just one word, Save. Saving does not mean you cannot spend on the necessities or even to not spend on luxuries. Save means you earn more than you spend. It is a basic but an important pillar for financial security. Being in control of your finances is a great stress reliever. Now the question is how do we save and waver off from the temptations of unnecessary indulgence in spending our hard earned cash? There are various ways of making sure your money is safer than it was in your hands. 

• Make bank accounts and insurance. 
• These are the pillars that will support you when your legs are shaky and the mind is restless. Bank accounts are also great because they provide you with annual interest for the money you put in.
•  Investments. 
• By investing your money in varies commodities that will always have a high value in the market (for eg: land, jewellery) you make yourself secure for the future so you can enjoy their value in the present and survive by selling them in the future, if need be.
• Buy what you need and not what you want.

While this ideology is tough to master, it is a great way of saving small bucks every month. You and your family can always indulge in your needs but the wants and never ending and spending big money on every little wish by every member of the family will cost your future more than the commodities you purchase now.

Saving your money today will help you reach your goal in the future. For a house you really want to purchase or a car that you’ve always dreamt of, the future vacations you want to take or to be secure in your old age, every penny you save will keep multiplying to reach your goal. But the basic goal every youngster has to accomplish is to be financially independent. Financial independence is the grass root of a secure and happy life. It is impossible to live off the money your parents make for you. Hence, you need to stand on your own feet and start a life on your own. Financial independence is a life cycle. Every person has to achieve it at some point, provide money to the family till their own children start earning and the cycle continues.

Life unfolds in ways we cannot tell and there can come your way many unforeseen events which require you to spend your money. It is integral that you always have money to spend on your loved ones or yourself. A health issue could crop up or an educational tour your kid has to go to, a financial back up is very important to keep your life going without having to constantly beg for money from others at the time of crisis. But what is most important for a person is to have money when you no longer can go and make money for yourself every day. Retirement is a bell that is unavoidable and will keep ringing in your head if you haven’t made preparations for a secure future for yourself. Money is today’s power and a survival issue. Saving is the answer to every problem you have involving money. 

You save today, you live happy tomorrow. You save money today, money will save you tomorrow.