Importance of saving money
I happened to read a small article this weekend and I would like to share the message with you all. This small piece of advice will help you managing your finance in a long way. The article was originally published by First Federal Savings association of St Petersburg.
The article talks about why Savings is important in each one’s life. You would have never thought in this angle about your finances.
Do you feel more confident when you have sufficient money with you? Most of them would say yes as it gives you freedom to act how you like or how you want to live your life. That means, having savings will boost your confidence! What else you think you will feel different? A better physical well-being may be.
A man without savings is always on the run. He accepts the first job that is offered and so on. Because he needs money badly to run the show. He is always on the edge to keep his hopes alive. If he has savings, he can look at opportunities in a relaxed way and use the time for more judicious estimates and not to take any hasty decisions.
He can afford to resign his job if he doesn’t love what he is doing. He can’t think of long-term career options. He can be more generous with his family and neighbors in case of emergencies. It shapes his personality and character.
The are two sayings about this situation which I will quote below.
J.P Morgan once advised a young broker “Take waste out of your spending, and you will drive the haste out of your life”
Will Rogers - “I would rather have the company of a janitor, living on what he earned last year than an Actor spending what he will earn next year”
The message is if you don’t need money for life’s essential things, then save it for self-confidence as it decides how tall you walk!
Spend the money which is left after savings!!