Many of us making this, such we are preparing this for purpose. Now let me ask you what is your purpose in saving money? What is your goal? Is that a preparation for long term investment?

People now a days are just doing their best just to save and earn money for there family. Like me I'm striving to save money for I am going to buy an item. I'll just discuss it later. As of today's generation we have alot of things to do especially when you have already a family you have obliged to provide the needs a d wants of the family. Other people seems to save money for their wants like buying car, motorcycle, or an item that could make themselves satisfied and enjoyed. We took this on purpose just to make our selves satisfied. Others seems to save money for long term investment like saving money, engage loans to secure a land for their family.

I have to save money for this.

I have to save money for our water supply. It happened that our water pump is already been destroyed because of rust. The risedent doesn't have any source of water for their daily use, Now time comes that this water pump is destroyed, nobody else who has doing something to restore it, the neighborhood seems being deaf on that, they don't even solicit money to repair the water pump. I have decided to solicit from our neighborhood who always using the water pump. It so happened that the only who contributed is me and my uncle and it wasn't enough to repair it because we plan to buy for a new one coz the old one is already ceased with rust. So we don't have any choice but to buy new water pump or jetmatic. I have a hard time with this decision because I used my own money just to replace for their contribution. What makes me irritable is that they have so much consumed water supply than us knowing that I have no work to pay their contribution and the only thing that I've been keeping for a long time is already used just for this things. I know they have decent job and even they are professional without even thinking about their responsibilities. It happened that I temporarily replaced their contribution and make used of my own money to buy this water pump, so bought that for P3000. I spent half of that because the two neighborhood Doesn't have enough money to contribute so I replaced them all.

I will share 5 ways on how to save your money for the future.

1. Make it difficult to access your own savings

Many of us try to save money for purpose like buying a t shirt, dress items or phone, striving not to touch even a single coins of our own savings but what happened if you've being overwhelmed by a certain item or a food is we seems to be out of controlled of it and slice our savings. To controll things like this is that you have to open a bank account or a passbook just to secure your own savings.

1. Create an emergency fund

Set aside a certain amount of money for an emergency calling. Like when we are about in a crucial situation, like admitted in a hospital or buying a certain medicine , and even buying food. We are about to engage with this emergencies and it only happen when it's unexpected. We typically grab those emergency fund for purpose. So it is very useful and you don't even convinced to touch your real savings.

1. Save early and often

People should always do this especially when we are about to engage such situations that are likely spending to much money. Try to picture out the future and anticipate like you're making predictions of your expenses through with that you can prepare you savings early and you don't have to worry for you have adequate budget. Not by large amount you save but in a little because when you accumulated it, It would become bigger in the future.

1. Set up an automatic payment for your self

It is good to know that we have savings just for ourselves like buying food loads,paying bills and even all of those needs we use. Securing a budget that can easily be grab for our own expenses. To tell you shortly set aside money for automatic payment of something that is not making you extravagant.

1. Established short term and long term savings

This also we called the needs and wants. We do established short term savings for our needs especially food and water supply and everything that is vital for our survival. For long term seems the good example of it is planning to buy a land that is a long term savings. You might notice people now a days are so practical when making this decision. They prepare a land or even completely the house and lot for their future.

Closing thoughts

We do have many things to buy and we save money just buy all of those. Now a days we have to be practical especially when dealing our own savings. We must make security savings for our own future and family. We may have encountered people who always told us spend your wealth or it will be too late, but they didn't know we do have savings just for our own good.