Saving Money is a Life-saver!

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2 years ago

Saving money is not only about the factor that you might need in the future. It’s about prioritizing your most long-term financial goals, such as children’s university education, riches, retirement, and inheritance.

Just by living more frugally, one has the opportunity to build up wealth. Collecting savings at an accelerated rate will give us funds in times of emergency.

Saving is a big part of any Long Term Financial Plan.

You need to get saving into your lifestyle and make it seem like it's just as fun, if not more so than spending money.

Saving is vital for any individual to have financial freedom and security.

I know I can make difficult choices when people are placed in their situation, so why not prepare myself financially to avoid not becoming a challenge? Saving at least 4% of your net earnings seems to be the most effective way of saving money according to the experts

Unless you are lost without a plan, taking control of your finances and starting to save today isn't so bad while we got time. Life can stop overnight too in many ways and without savings, there may never be another chance!

Some people live on the edge of financial disaster; others try in vain to gather assets. It's important to ever be prudent about your spending-but more importantly, you should always strive towards financial freedom.

In the hustle and bustle of our busy lives, many of us find it difficult to save money. Whether we don’t make enough money, can't manage risk worth a darn, or are just naive with how much we believe we need to live comfortably. But saving money is a lifelong habit that saves hours at tax time and provides peace of mind for later in life.

Money will never create success. It’s crucial for all of us to understand that people who commit to their passions and chase what makes them happy, might not be a millionaire but rather millionaire: by having the freedom to pursue and create their own lives, their life becomes more than the traditional measure of wealth.

Success is a little thing that starts from within, but many can hardly have this feeling at the time when they are faced with tough headwinds including credit card debt and student loan payments.

The wise will live by this wisdom: it's better an average life with your full heart than a brilliant existence on someone else's dime.

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Beyond income, we need to think of freedom and time. We have to take into consideration the cost-benefit analysis before prioritizing what does or does not add to our wealth. For example, if we spend a lot of time scanning social media for compliments, posts about successes may measure success even though it was an unwelcome distraction from more important tasks.

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2 years ago

Comments

While I will agree that saving money is good to fend for quick needs. It is ideal to invest the money than save it. This is in my opinion.

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