Being more financially secure in the future by saving is a trade off to spending money in the present. To be considered financially secure, one should save atleast six months worth of expenses and while talking about savings, it’s the portion of income not spent on current expenditure. The most effective strategy of saving is by paying oneself first which helps one to choose saving over spending i.e money should not be viewed as what’s remaining after current needs and wants have been satisfied. If one understands clearly what they are giving up in exchange for the benefits of saving money, then their saving goals will become more attainable and realistic.

There are a number of ways to begin saving money like:

Building your emergency fund– this is a cash reserve specifically set aside for unplanned expenses. It reduces the chances of one adding to their debt with each financial obstacles they experience and reduces the chance of impulse buying. This fund should be set three months worth of living expenses but you can start with what you have.

Pay off your debts early– the longer you carry money balances the more interest rates it will cost. The individual debt repayment strategy will vary based on what type of debt you have for instance credit card debt but either has two methods of repayment i.e the showball method which involves listing your debts by total amount and paying off the smallest ones first and the avalanche method whereby you rank your loans based on the interest rates and paying off the ones with the higher interest rate first.

Stick to your list – this is basically having a plan and the moment you spend money outside what’s in your plan you spending it on something you didn’t plan for and the list should be made in the order of priority.

Create a budget – this will help you to figure out how to meet both your short term and long term financial goals. You have to know what you working with, your commitments and what you have remaining to devote to your financial goals. If your income is less than your commitments, that shouldn’t be a worry for you can find a way to trim the expenses.

So basically as you accumulate savings your financial worries should reduce as long as you’re living within your means and finding the best savings account is key to making sure that the money you do put away earns you the highest interest.

Once you’ve paid 3-6 months worth of expenses in the emergency fund, you can start saving money in a tax advantaged retirement account which will allow you to invest in the stock market and you won’t have to pay any taxes on those investment gains and this will help your money to grow even faster.

Saving money is incredibly important as it gives you peace of mind, expands your decision options that have effect on your quality life and gives you the retirement option.

413 thoughts on “WHY AND HOW TO SAVE”

  1. Fantastic job here. I definitely enjoyed what you had to say. Keep going because you absolutely bring a new voice to this subject. Not many people would say what youve said and still make it interesting. Well, at least Im interested. Cant wait to see more of this from you.

  2. Thank you! Excellent information!
    writing a review essay [url=https://agbsl.pro]how to write a persuasive argument essay[/url] professional report writing services

  3. Terrific tips. Many thanks.
    canada pharmaceuticals online [url=https://northwestpharmacylabs.com]prescription prices comparison[/url] canada pharmacy online reviews

  4. Thanks a lot. Plenty of advice.
    order prescriptions online without doctor [url=https://canadapharmacies-24h.com]canada pharma limited[/url] best canadian online pharmacy

  5. Whoa tons of beneficial data.
    how to write a play name in an essay [url=https://homeworkcourseworkhelps.com]how to write an argumentative essay[/url] essays website

  6. Great posts. Regards.
    best canadian prescription prices [url=https://onlinepharmacycanadahelp.com]ed meds online without doctor prescription[/url] buy generic viagra online

  7. Regards! I value it.
    canadian rx pharmacy online [url=https://canadarx-drugservices.com]list of approved canadian pharmacies[/url] viagra generic canadian pharmacy

  8. Valuable advice. Cheers.
    how to write a college essay about yourself [url=https://homeworkcourseworkhelps.com]scholarship essays for college[/url] pre written essays for sale

  9. Beneficial forum posts. Kudos.
    prescription without a doctor’s prescription [url=https://canadianpharmacies-24h.com]ed meds online[/url] cialis generic pharmacy online

  10. You actually explained this very well!
    narrative college essay [url=https://ouressays.com]how to write the perfect college application essay[/url] good essay writing service

  11. Whoa a good deal of helpful info!
    cheap viagra online canadian pharmacy [url=https://canadapharmacies-24h.com]trusted online pharmacy reviews[/url] pharmacy prescription

  12. Truly a lot of beneficial information.
    how to write an editorial essay [url=https://essaywriting4you.com]essay writing service[/url] best assignment writing service

  13. Pingback: 1offender

  14. You actually said this well!
    online pharmacy without scripts [url=https://canadianpharmacyonlinedb.com]canada pharmaceuticals[/url] pain meds online without doctor prescription

  15. You made your point very effectively!.
    writing a proper essay [url=https://dissertationwritingtops.com]essay rewriter[/url] best professional resume writing services

  16. Amazing plenty of superb advice!
    canadian pharmacy without prescription [url=https://canadianonlinepharmacybase.com]canada pharmacies online[/url] best online pharmacy

  17. Thank you, I enjoy it!
    how to write a compare and contrast essay [url=https://altertraff.com]https://altertraff.com/[/url] what is the best custom essay writing service

  18. böbrek tümörü kilo kaybıkilo kaybı kas erimesi depresyon sonras? kilo kayb? konusma bozuklugu elde guc kayb? kilo kaybı olmayan ishalkanser tedavisinde oldum kilo kaybı
    sık idrara çıkma ve kilo kaybıgraves kilo kaybı su kayb? kilo yapar m? köpeklerde kilo kaybıtemporal artritde kilo kaybı
    mide küçültme aylara göre kilo kaybıritalin kilo kaybı trombosit dusuklugu kilo kayb? kilo kaybı sebebihamilelik sonrası kilo kaybı
    candida kilo kaybışeker ilaçları kilo kaybı kilo kayb? etyolojisi 1 ayda kas kaybı olmadan 10 kilo vermekiştahsızlık ve kilo kaybı
    kilo kaybı iştahsızlık su içmecitoles kilo kaybı yaparmı surekli kar?n agr?s? ve mide bulant?s? neden olur kilo kayb? sırt ağrısı ve kilo kaybıani kilo kaybı iştahsızlık

  19. камелот коктебель официальный хостел санкт петербурга
    гостиница в бескудниково санаторий в зеленогорске ленинградской области цены витязево отдых 2021 цены
    отель домино новый афон как добраться из москвы санатории крыма для пенсионеров

  20. апарт отель вертикаль санкт петербург отзывы лазурный берег лермонтово
    отели в анапе по системе все включено железноводск санатории цены офтальмолог пятигорск
    отзывы о санатории родник пятигорск санаторий эдем отзывы лучшие гостиницы суздаля

  21. гостиница острожский вал санатории дивноморска
    шексна пансионат сочи вардане завтрак санаторий солнечный кисловодск васильевский санаторий казань официальный сайт
    альметьевск отдых отель престиж барнаул красная талка геленджик официальный цены

  22. ялта интурист 2021 абхазия пансионат пицунда
    крым на берегу моря плазма владикавказ санатории по урологии в россии
    судак отдых 2021 отзывы отель грей наири сочи сок спутник

  23. палладиум отель набережные челны гостиница юрюзань
    детский санаторий орленок таруса отели и гостиницы пансионаты небуга
    кабардинка бассейн межгорье закарпатье отдых на побережье краснодарского края

  24. отель рандеву якутск отель воскресенский истра
    центросоюз кисловодск отзывы карагайский бор сайт исток ессентуки официальный сайт цены
    гауда абхазия отель амакс в великом новгороде турбаза мир алушта официальный сайт цены

  25. все включено анапа отдых отель надежда сочи
    спа отели в петрозаводске с бассейном гостиница холидей инн москва лесная отель октавиана санкт петербург
    приморский ялта санаторий управделами президента сочи гостиницы в нижневартовске

  26. гостевой дом абхазия лучший семейный отель в сочи
    гостиница визит нижний новгород славянка джемете официальный сайт гостиница читы
    ко бекасово санатории пятигорска с лечением цены одуген

  27. недорогие санатории в ессентуках сан русь сочи
    енисейская 62 а самара матрешка плаза туры в кисловодск из ростова на дону челябинск карагайский бор автобус
    абхазия авито отдых на двоих на выходные delta sirius сочи

  28. cancun resorts all inclusive family
    [url=https://penjaicompo1985.blogproducer.com/20724783/tale-about-all-recipes-easy-banana-cream-pie]best affordable all inclusive resorts in cancun[/url]

  29. cancun family all inclusive
    [url=п»їhttps://bersnikuten1976.ezblogz.com/46497710/tale-about-easy-banana-cream-pie-recipe-with-cream-cheese]all inclusive cancun adults only[/url]

  30. all inclusive packages to cancun mexico
    [url=https://ninglowhoru1987.bloggadores.com/17829721/history-about-easy-recipe-for-banana-cream-pie-with-graham-cracker-crust]cancun best all inclusive resort[/url]

  31. five star all inclusive cancun
    [url=https://stocealgeostab1983.webdesign96.com/19448767/history-about-easy-banana-cream-pie-recipe-uk]hotel in cancun all inclusive[/url]

  32. great parnassus family resort – all inclusive
    [url=https://sadasndjhg231.bloginder.com/20650288/tale-about-recipe-easy-banana-cream-pie-no-bake]best adults only all inclusive resorts in cancun[/url]

  33. best all inclusive resort in cancun for families
    [url=https://sadasndjhg231.bloginder.com/20650288/tale-about-recipe-easy-banana-cream-pie-no-bake]packages to cancun all inclusive[/url]

  34. Pingback: 2melodious

  35. cartia- xt lek budesonide ulotka Asked about his comments, Sanchez said, Гў I mean, you have to have that mentality that this team is built to last, that weГў re built to make a strong run and get hot at the right time, to sustain some injuries and then move on from it and get guys healthy as soon as possible, Гў Sanchez said purchase ivermectin 3mg Rutgers and NYU Receive Federal Grant for New Center for Asian Health Promotion and Equity

  36. Tips effectively applied!!
    i can t bring myself to do my homework [url=https://homeworkcourseworkhelps.com/]do my homework 123[/url] my posse don t do homework pdf

  37. Excellent info. Cheers.
    scientific research paper writing service [url=https://service-essay.com/]critical analysis paper writing service[/url] pay someone to write paper

  38. You actually suggested this adequately!
    [url=https://hireawriterforanessay.com/]write an annotated bibliography for me[/url] paid essay writers [url=https://theessayswriters.com/]best online essay writer[/url] write my book for me

  39. You actually revealed that exceptionally well!
    [url=https://domyhomeworkformecheap.com/]why cant i do my homework[/url] do my homework services [url=https://domycollegehomeworkforme.com/]who will do my homework[/url] should i do my homework right now

  40. Many thanks! An abundance of write ups!
    [url=https://hireawriterforanessay.com/]write my essay for me free[/url] my favorite writer essay [url=https://theessayswriters.com/]essay writers[/url] essay on how do i spend my summer vacation

  41. Position well used!!
    [url=https://phdthesisdissertation.com/]doctoral dissertation help[/url] dissertation help co uk [url=https://writeadissertation.com/]phd dissertation help[/url] dissertation service writing

  42. Great write ups. Thank you!
    [url=https://dissertationwritingtops.com/]dissertation abstracts international[/url] can someone write my dissertation for me [url=https://helpwritingdissertation.com/]order a dissertation[/url] buy phd dissertation

  43. This is nicely expressed. !
    [url=https://essaywritingservicelinked.com/]same day essay writing service[/url] cv writing service cork [url=https://essaywritingservicetop.com/]best essay writing service 2016[/url] work for essay writing service

  44. Thanks, I appreciate it!
    [url=https://englishessayhelp.com/]argumentative essay help[/url] my essay help [url=https://essaywritinghelperonline.com/]assignment help[/url] apps that help with essays

  45. Truly tons of fantastic facts.
    [url=https://helpwithdissertationwriting.com/]phd thesis writing services uk[/url] chicago illinois dissertation help [url=https://dissertationwritingtops.com/]phd proposal writing help[/url] professional dissertation writers uk

  46. Whoa plenty of useful tips!
    [url=https://service-essay.com/]paper writing service powerpoint[/url] university paper writing service [url=https://custompaperwritingservices.com/]best paper writing services[/url] osycholgy essay writing service umdergraduate paper

  47. Awesome forum posts. Appreciate it!
    [url=https://payforanessaysonline.com/]order an essay cheap[/url] paying someone to write your paper [url=https://buycheapessaysonline.com/]buy essays cheap[/url] buy essays papers

  48. Kudos, Wonderful stuff!
    [url=https://essaytyperhelp.com/]admission essay help[/url] professional essay writing help [url=https://helptowriteanessay.com/]essay on helping someone[/url] need help writing essay

  49. You revealed that wonderfully.
    [url=https://customthesiswritingservice.com/]toulmin thesis[/url] mla thesis statement [url=https://writingthesistops.com/]writing a doctoral thesis[/url] master thesis paper writing service

  50. Cheers! Lots of postings.
    [url=https://bestpaperwritingservice.com/]paper writing help service[/url] reddit have you used paper writing service [url=https://bestonlinepaperwritingservices.com/]order custom papers[/url] are research writing paper service a scam

  51. Wonderful write ups. Kudos.
    essay writing service reddit statement of purpose writing service bangalore best essay writing service uk reviews best custom essay writing services review
    [url=https://writinganessaycollegeservice.com/]seo article writing service[/url] essay writing service essay [url=https://essayservicehelp.com/]cv writing service cost[/url] best essay writing service uk reddit
    best personal statement writing services https://customthesiswritingservice.com

  52. Excellent write ups. Regards!
    [url=https://ouressays.com/]contents of research proposal[/url] proposal heading [url=https://researchpaperwriterservices.com/]buying research papers online[/url] research project proposals

  53. You suggested that really well!
    [url=https://writinganessaycollegeservice.com/]spongebob writing essay[/url] essay writing help service [url=https://essayservicehelp.com/]best essay writing website[/url] top college paper writing service

  54. viagra and cialis online However, it should be noted that many others were charged by USADA for violating the same rules and using the same substances, yet they received much smaller penalties six months to two years typically which is most probably a result of Armstrong s refusal to co operate with USADA

  55. You actually stated that adequately.
    [url=https://researchproposalforphd.com/]esearch proposal[/url] proposal sections [url=https://writingresearchtermpaperservice.com/]ph.d thesis proposal[/url] essays term papers

  56. Nicely put, Thank you.
    [url=https://writingpaperforme.com/]how to write an analysis paper[/url] term paper writer [url=https://custompaperwritersservices.com/]paper for me[/url] professional term paper writer

  57. Appreciate it! Plenty of content.
    [url=https://quality-essays.com/]pay essay[/url] order essay online cheap [url=https://buyanessayscheaponline.com/]buy essays online safe[/url] pay for papers

  58. Great information. Thanks a lot!
    [url=https://argumentativethesis.com/]counter argument thesis[/url] service quality assessment thesis [url=https://bestmasterthesiswritingservice.com/]a thesis[/url] academic thesis statement

  59. Cool. I spent a long time looking for relevant content and found that your article gave me new ideas, which is very helpful for my research. I think my thesis can be completed more smoothly. Thank you.

  60. You said that very well.
    [url=https://bestpaperwritingservice.com/]customized writing paper[/url] custom research paper writing service [url=https://bestonlinepaperwritingservices.com/]cheap term paper writing service[/url] best paper writing service reviews

  61. Kudos! Ample advice!
    [url=https://essaypromaster.com/]write my college paper for me[/url] paper writers for college [url=https://paperwritingservicecheap.com/]apa papers for sale[/url] writer paper

  62. Very good data. Regards!
    [url=https://essaytyperhelp.com/]help write essay[/url] websites that help you write essays [url=https://helptowriteanessay.com/]essays on the help[/url] help for essay writing

  63. This is nicely put. !
    [url=https://essaywritingservicehelp.com/]university personal statement writing service[/url] assignment writing service canada [url=https://essaywritingservicebbc.com/]resume writing service for military to civilian[/url] monster resume writing service discount

  64. Terrific forum posts, With thanks.
    [url=https://essaywritingservicehelp.com/]essay writing service quote[/url] nursing essay writing service australia [url=https://essaywritingservicebbc.com/]english article writing service[/url] best and cheapest essay writing service

  65. With thanks! Terrific information.
    [url=https://dissertationwritingtops.com/]hire dissertation writer[/url] writing an abstract for a dissertation [url=https://helpwritingdissertation.com/]phd thesis[/url] write dissertation

  66. You explained that very well.
    [url=https://essayssolution.com/]make my essaywrite my essay[/url] essay writers uk [url=https://cheapessaywriteronlineservices.com/]essay writer salary[/url] write essay for me uk

  67. You said it adequately.!
    [url=https://ouressays.com/]buy research papers no plagiarism cheap[/url] proposal master [url=https://researchpaperwriterservices.com/]paper proposal[/url] research proposal sections

  68. You explained this perfectly.
    [url=https://bestpaperwritingservice.com/]college paper writing service reviews[/url] pay to do paper [url=https://bestonlinepaperwritingservices.com/]buying papers online[/url] writing paper services

  69. Nicely put. Many thanks!
    [url=https://payforanessaysonline.com/]buy essay uk[/url] pay to write research paper [url=https://buycheapessaysonline.com/]order cheap essays[/url] buy admission essay

  70. You actually suggested it really well!
    [url=https://argumentativethesis.com/]thesis statement for a rhetorical analysis[/url] 3 pronged thesis statement [url=https://bestmasterthesiswritingservice.com/]engineering thesis writing service[/url] writing a scientific thesis

  71. Incredible many of awesome information!
    [url=https://bestpaperwritingservice.com/]top college paper writing service[/url] custom handwriting paper [url=https://bestonlinepaperwritingservices.com/]writing service research paper[/url] writing papers services

  72. Reading your article helped me a lot and I agree with you. But I still have some doubts, can you clarify for me? I’ll keep an eye out for your answers.

  73. Thanks a lot, I like this.
    [url=https://quality-essays.com/]order admission essay[/url] paying for essays [url=https://buyanessayscheaponline.com/]buy essay for college[/url] where can i pay someone to write my essay

Leave a Comment

Your email address will not be published. Required fields are marked *