kayode10
VIP Contributor
Saving is very important for someone who wants to attain the level of wealth before they exist this world. It is said that the money you see if we end up saving you. This is a common sense and and I believe that everyone should engage in it.
The shock reality is that about less than 20% of the how does engaging in consistent savings. it is one of the reason why most people are finding it difficult to exist the rat race as they are literally living from hand-to-mouth. I am going to highlight some of the five important reason why you need to start engaging in savings.
Emergency fund: it is very essential for you to have essential found in a particular savings account in order to prepare for unforeseen circumstances. We don't have full control on major events so things are about to happen. In order not to find yourself in an employee situation it is very important to have emergency fund set aside
Peace of mind: when you're getting in savings and you have a lot of it in the bank you are going to experience a piece of mind. You only panic when you don't have enough money at savings and something major happened in your life which require huge amount of money.
Paying off debt: we have a good saving habit it will be pretty much easier for you to pay off your debt. Get is something you need to avoid due to the compound interest that comes with it on a long run.
Investment: we have enough savings it'll be pretty much easier for you to start any kind of business or engage in an investment that will bring you passive income. this is the reason why most people always say that savings an edge over someone who is not engaging in it
Financial freedom: it is up to you to make savings and ability if you are looking forward to achieve financial freedom. We managed to save some amount of money you shouldn't stop there. you should always look for a way to bring the money work for you and this is how you achieve financial freedom.
The shock reality is that about less than 20% of the how does engaging in consistent savings. it is one of the reason why most people are finding it difficult to exist the rat race as they are literally living from hand-to-mouth. I am going to highlight some of the five important reason why you need to start engaging in savings.
Emergency fund: it is very essential for you to have essential found in a particular savings account in order to prepare for unforeseen circumstances. We don't have full control on major events so things are about to happen. In order not to find yourself in an employee situation it is very important to have emergency fund set aside
Peace of mind: when you're getting in savings and you have a lot of it in the bank you are going to experience a piece of mind. You only panic when you don't have enough money at savings and something major happened in your life which require huge amount of money.
Paying off debt: we have a good saving habit it will be pretty much easier for you to pay off your debt. Get is something you need to avoid due to the compound interest that comes with it on a long run.
Investment: we have enough savings it'll be pretty much easier for you to start any kind of business or engage in an investment that will bring you passive income. this is the reason why most people always say that savings an edge over someone who is not engaging in it
Financial freedom: it is up to you to make savings and ability if you are looking forward to achieve financial freedom. We managed to save some amount of money you shouldn't stop there. you should always look for a way to bring the money work for you and this is how you achieve financial freedom.
