Why We Should Save – The activity of managing money that aims to save reserve funds is called saving. Saving has a very important role, you know! When we save, we can guarantee a stable financial condition to prepare unexpected or unexpected funds.
Despite having a myriad of benefits, saving is an activity that is difficult for everyone to do. It's even more difficult if you don't get used to it early on. Therefore, start saving early even with a small nominal.
Getting used to being disciplined in saving does require more effort. But, if you already understand the benefits and the right savings strategy, the habit of saving is no longer difficult to do regularly.
So, so that you are motivated to save regularly, Whizmin wants to share some of the benefits, here! Listen carefully, yes!
Read also: It's the Right Time to Save!
10 Benefits Why We Should Save
Here are the reasons why we should save
1. Adopt a Thrifty Lifestyle
For everyone, realizing the desired things can be a satisfaction in itself. Especially if you are used to saving from an early age. We become accustomed to living frugally without coercion from anywhere. In fact, when we get money, it doesn't feel right if there isn't a bit of it that is set aside.
When frugal living is embedded, we will always feel enough. We will also get used to not spending money excessively just because of desire alone. That way, we will also live a simpler life and not always follow trends that sometimes lead us to extravagance.
2. Be a Disciplined Person
Discipline is created in various ways. It is not only at home or at school that teaches us to always be disciplined. Saving is one way that we become disciplined people, you know!
Saving has stages and a long process. The first step you can do is set aside your pocket money in a special place. For example, cabinets, envelopes, special wallets, and others. In fact, nowadays there are many money management apps which can help save your pocket money.
After that, you just determine the right time when you can set aside your money. You can set it aside every day. In order not to forget, you can also install a kind of reminder to save regularly. It can make you a more disciplined person, you know!
3. More Appreciate Nominal Money
When you manage to save regularly, you will be able to appreciate your money more. For example, when you save 10 thousand per day, you will appreciate that 10 thousand is not a small amount. Because this money can make your money grow every day. Your emergency wants or needs can be saved with 10 thousand dollars.
In addition, when you manage to keep your money from being spent easily, you also value your money.
Well, especially when your desire is achieved from the results of saving. Not only money, but your effort and struggle will be worth it. That way, you will be more active in saving. Your wish or emergency fund will be saved with the results of your savings.
4. Practicing Independent Living
Saving certainly trains us to be independent. Because by saving, we can fulfill our own needs and desires. That way, Whizparents can really train children's independence by saving.
One example is Whizparents giving 50 thousand to children on Sundays. Whizparents can challenge them not to ask for pocket money until next Sunday arrives. Well, also invite the children to be able to organize and set aside money until Sunday.
That way, children are trained to be independent and responsible for the money they have.
5. Avoiding Debt
Saving can save us from debt bondage. By saving, of course we have a reserve fund. The reserve funds will be used when there are urgent matters. So, we don't need to worry when we face this condition.
Some people who are in debt state that they do not have a reserve fund. So they force them to borrow money, then go into debt. Debt will harm you. Valuables, even a house can be a guarantee when you can't afford to pay off debt.
Thus, that is the importance of saving. By saving, we will not know the name of debt.
6. Guaranteed Financial Condition
Having enough savings will put your finances in a safe zone. People who save, their lives will be calmer and can solve financial problems wisely. This is because the reserve fund is able to cover all the emergency conditions it faces.
7. Able to Realize Desire
Do you have many wishes to fulfill? For example going on vacation, buying a house, or electronics?
Well, to achieve your desire, of course you have to collect money by saving. Saving is the right and effective way to achieve your desires.
8. Meeting Future Needs
Every year, the price of basic necessities increases. Like the price of fuel and groceries. But, that's not all. Especially if you want to build a household. Of course, you have to be prepared for the ever-increasing cost of education.
Well, for that it is very important for us to save from an early age. If we save early, then the results will be enough. Future needs will also be met. Your future is guaranteed.
9. Having Unexpected Funds
Another benefit is that the results of saving can be used as unexpected funds. These unexpected funds can be used for events that are not needed, you know! For example, when suddenly laid off, admitted to the hospital, and so on.
With this unpleasant event, you inevitably have to have financial readiness. Therefore, your saving money can be used as unexpected funds if suddenly an event comes.
10. Able to Manage Finances Well
By saving, we can manage finances well. We can manage our money plan. When is the money spent and when is the money to be saved.
You also don't worry if you haven't been able to manage your finances well while saving. There's a lot right now money management apps which helps us in managing finances. The features and facilities are adequate to make us wiser in finance.
So, so that your financial condition is more secure, try to use money management apps.
Read also: Types of Financial Statements You Need to Know
How? Are you sure you're not interested in starting saving? There's nothing wrong if you just want to save from now on. Better late than never, you know!
Don't forget to use money management apps Whiz, yes! Because your financial condition will be guaranteed. Your financial knowledge will also increase, you know!
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