Saving Money for Purpose

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Avatar for Jopix404
2 years ago

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.

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2 years ago

Comments

Nakakainis namang kapitbahay nyo, pag fully napaayos mo nayan sila pa yung una at madalas gagamit hahay. Sabagay mahirap umintindi sa di makaintindi haha

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2 years ago

Mahirap talaga ma'am hehe thanks for reading, di Bali maayus nanaman Namin Yan ngayun kaya may ilang kapitbahay pang Hindi nagbabayad hehe

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2 years ago

Saving is the best way to pursue all our plans in life. Dpat tlga may SSS, philhealth at savings sa bank. Sana ma okay na yang water pump nyo at tiyak maraming gagamit nyan pg andyan na. Bisaya mn diay ka haπŸ˜….

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2 years ago

Life insurance in short, para Maka naay makuha nga benefits kung matiguwang hehe, okay naman Ang amo tubig dere ka naayu na , oo bisaya Ning dako ma'am..hehe

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2 years ago

Tungod sko mga anak nag apply jud ko anang mga benipisyo ky mgkina unsa naa koy madawdaw puhon. Bisdak sd kung dako. Kmi ni bch_lover naga bisaya mi sa comment ky hangak sig tagalog baπŸ˜…. Ay cgeg ma'am ky skit ako hawak hahaha.

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2 years ago

Haha, ana jud magkugi lang sa ta run para naay paabuton, sakit jud Ang ulo segi of English or Tagalog sagdi lamang gud ma'am nalamang ako e name nimo hehe

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2 years ago

Ana na bsta naa na mga anak mao pangamdam jud pg gusto nka mgminyu puhon. Welcome to the club jud hahaha. Jean lamang gud pero kung bta pka nko aw mg ate na lng.

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2 years ago

Hehe, okay jean laman , dele Pako mag menyu Kay wa pay kwarta , basin sunod imo nako e welcome sa club sa kaminyuon hehe..

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2 years ago

Hahaha good! Nku sikma jud ka ug noodles sa kalisod ug kalami sa kaminyuon mao andam daan pra mksagang ka hahaha.

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2 years ago

Atats na jud...dle pa jod ko pwde anang butanga hehe..lisod gyud e sagang

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2 years ago

Tigum jud Kay mamenyu na raba ka sep hahaha mao nay pinaka kailangan nimo, buhi pakag baboy pud.hihi pledge nala ko usa case redhorse hahah

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2 years ago

Na mao nay hingdangat..,dle Pako mag menyu oy Kay teenager pako, E refer na ko sa work oy ...dugaya man.

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2 years ago

Ako pa ingnun si sir sep kay murag nag hiring ag rulls run.

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2 years ago

Ohh ingna dayun tsor...Kay maghikay nako Daan sa requirements.

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2 years ago

We(hubby and I) are saving money for our home😁

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2 years ago

That's good to hear 😊 your plans gives you motivation to make that come true.

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2 years ago

I hope you'll get the money soon for your water.. That is so important, I hope it will be materialized asap.

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2 years ago

Thanks for your concern hope so , it will be address soon cause we are getting harder without any supply of water.

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2 years ago

We really have to take savings seriously so we will going to suffer just in case something bad will happen..we will have funds to get right away.

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2 years ago

Thanks ma'am for that meaningful comments, yes we need to take our savings into account because we didn't know our future and also being prepared is the best one.

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2 years ago

You could also solicit to official this time that were having election for your water supply. Indeed save and invest for me was the real face at the moment. Let the old clothes be rugged to use. Save really who knows what will be the future.

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2 years ago

Yes we do already solicit money for the jetmatic and our Brgy. Captain provided that one , He already provided us water pump and incase when it ruined it us who are responsible in restoration in that water pump. In our case it's our responsibility is to repair that water pump coz if we do solicit in our Brgy. Captain we might be scolded for being reckless. Thanks for reading this content Eunoia!

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2 years ago

Yeah friend...saving some money for future crisis is very much essential and if we can save some money now then it will help us in future

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2 years ago

Yes friend saving money for the future. We make this practical things to secure our future. In case of emergency we can use our savings. We should accountable on that.

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2 years ago

Saving money as early as now, will also save us from future financial struggles. Thanks for sharing these ways on how to save money, I learned a lot. πŸ™‚

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2 years ago

Yups we do have financial struggles that's the reason why we save money. Cause we don't want to suffers our future be miserable because we don't have savings for future.

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2 years ago