Why Save Rather Than Spend?

As i browse my social media account mostly in my news feed that was showing or appearing is all about the price hikes of everything -especially our basic needs -food,oil,gasoline,and even the electricity,..but the wages of employees,the income of the farmers are still the same...supplies inflation yet the wages is an except.

We can't do anything about it, since we are affected by the chaos that is happening to other countries but we can do something and that's for sure....

WE MUST SAVE RATHER THAN SPEND

SAVING is a bore. Buying clothes, electronic gadgets, and such things is fun. Whether you have been affected by the decline in the world’s economy or not, you can benefit from considering ways you can save as well as ways you can spend wisely.

How You Can Save.

• First,before buying an expensive item, consider whether it is really necessary.

• Second, if you need something, search for new items that are on sale or for good used items.

• Third, don’t be impulsive; sleep on the matter. If you still feel that the item is vital, you may consider looking for something similar in a discount or secondhand shop. Also, you can often save money if you do not feel compelled to buy popular name brands. Further, rather than buy the latest styles of children’s clothes at expensive stores, why not use hand-me-downs?

• Fourth, consider that it usually costs less to buy ingredients and cook meals than it does to eat out. If you have school-age children, why not teach them to prepare sandwiches instead of giving them money to buy more expensive food? And rather than buying expensive beverages, drink water instead. It is much healthier and easier on your pocketbook.

• Fifth, have you considered growing some of your own food? including those living in apartments or small houses, have an area that can be use for gardening.

If you need to have a cell phone, can you use it for emergencies only and pay in advance for a limited amount of calling time? Or if you have a clothes dryer, have you thought about limiting its use? Perhaps you can hang some of your wash or even all of it on a clothesline. You might also be able to limit your use of air conditioners and heaters. You might also talk to others to learn how they limit the use of electricity.It is also helpful to open a savings account but,wisely select a bank where your savings are guaranteed by the government in the event of bank failure. But still be wise,way back 2010 my father is a businessman and mostly all his money was deposited in this specific bank (which i dont want to tell of because of some privacy), for how many years of running it shockingly closed without even an advance warning and declared bankrupt, it was a devastated event -not just to my parents but all of the clients of that bank who even have millions,billions or trillions of money. They never see that coming,though they received the compensation but not the total amount of what they had lost and that leave us broke. So my father always reminds us not to put all your money on the banks,instead be wise to invest. But anyway that was a experience that gives us lessons.

Some have found it wise to buy a used car or secondhand cars that is in good condition. Others save money by using public transportation or even riding a bicycle.Whatever the case, be modest and realistic about what you buy, and make your decisions carefully. Being a carefree spender can become addictive and can lead to heartache. So work on being a cautious and prudent spender, which can put you in a position to enjoy lasting happiness.

To be a happy saver, you must know how to manage your money.

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Before i end this article, again thank you to @francis105d1 as my only sponsor, thank you😊 for having at least,bless you a thousand folds. To my friends here in read.cash...you can check his works,his already popular and has many subscribers and maybe some of you here are already one of those,but to those who haven't yet you can visit his account and be a subscriber too .

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And of course i must not forget the most vital part in this topic. The ending tips that i want to share which i also practice of saving money:

Search for items on sale. We are not new to this and this is I and mostly we wanted hahahaha....

Buy clothes from discount or secondhand stores. Well, i am a fan of twice but nice clothes or thrifty items (ukay-ukay😁).

Lower food costs by growing a small vegetable garden. Even just a moringa (malunggay),it easily grows and much healthier.

Save money by drying laundry outside. Though it damages your hands and give you some wounds because of hand washing it ang drying it outside is somewhat exerts more effort,it could be your exercise. You can save money and can makes you muscles firm😁

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Another knowledge and information shared,again sharing is caring..😊

~ I want to acknowledge and my appreciation to my read cash family and friends; to my avid readers,subscribers and sponsors,and to @TheRandomRewarder Thank you so much.

Thank you for reading 💙