The advantages of saving
Having savings will make life easier later on down the road. Just think about these benefits of saving money that people who are spendaholics cannot take advantage of.
1.You are able to invest the money and grow your wealth. There are ample opportunities to invest your money and make it grow and if you are able to save your money, you can take advantage of these.
2.When you save up for something instead of using your credit card then yo save on interest repayments. People who buy stuff on credit are paying more than if they have paid in cash. During a person’s lifetime, this interest adds up to a fortune.
3.Having savings behind you gives you more options. If you spend everything you make then when the time comes that you may lose your job, you are inhibited by your lacks of resources. People with savings behind them are able to move to another city in order to find work.
4.When an emergency arises such as dental repairs, car break down, family occasion such as a wedding or funeral, you are in a better position to deal with it if finance is not a problem.
Saving money requires self-discipline and responsibility for your own finances and with a bit of planning and organization you can make life easier for yourself to cope with the financial hits that will occur from time to time.