Inspired by @Tarazkp
People think that they should start saving once they have regular work with a steady income
. However, if you start saving now, despite not yet having a steady income
, it will become your habit. Once saving becomes a habit, it will not be hard for you to set aside an amount when you have a steady income.
These savings, no matter how small they may be at first, will help you survive on your “rainy days” and will keep you from liquidating your investments for emergencies.
**Reasons why saving money is important
Savings is crucial for everyone, regardless of their earnings, spending and life stage. Here are some reasons why you need to start saving.
It offers peace of mind: Knowing that you have a certain amount accumulated for times of your need, gives you the peace of mind. You can lead a stress-free life with the knowledge that you will not have to struggle if things take an unexpected route
It gives you a better future: Your savings can be the answer to a number of your goals. You can buy a house, accumulate funds for your retirement, or purchase a vehicle. You can secure your future, indulge in the best of things that life has to offer and live a very fulfilling life
It provides for your children’s education: With a considerable amount of savings, you can fuel your children’s dreams and pay for the best schools and colleges across the world
You can plan your short term goals: Savings are not just aimed at the long term. You can also benefit from savings in the short term. A lot of people save for a few months and then travel
It gives your family security in case of an unfortunate event: By saving in a disciplined manner, you can make sure that your family is well-provided for. In unfortunate times, your savings can act as a cushion for your loved ones and help them overcome any financial difficulty
**