Money is the most important and most essential vital asset in life and without it we could end up with nothing. That is why saving money is the more crucial thing in life. With the economy the way that is and prices on our daily items continuing to increase, such as medicines, daily stuffs and groceries, it is very much difficult to save money. There are many unexpected moments in life where an emergency fund can save us from trouble. There are so many other reasons to save money as well like for instance, our retirement, on other hand saving money for when we grow older, we can afford to retire more comfortably instead of a simple life what we will receive. Then of course if we have kids, we might want to consider saving for their college expenses.
Saving money maybe is a tough task though but one can always have alternative plans like for instance this is for someone who cannot keep cash on hand for long as he’s going to spend it, then buy a piggy bank or get yourself one bank account or a recurring deposit. Other alternatives you can give it to your parents or let’s just presume that you’ve good self-control then you start saving ten percent every month from your expenses. So, this is how you manage your finances.
Our childhood or the one who are not the nineties kid then they very well know the importance of saving and its perks. They have had grandparents who would have given better techniques for savings. But we as in everyone not just one particular age group; the ones who aren’t successful in saving we need to work from scratch. We should start asking prices, compare them, stop running behind brands, go for discounts and sale, use coupons, avoid spending’s on junk food.
-By Pallabi GhoshAmity university