Saving is something this commonly talked about by almost everyone but nobody actually does it for various reasons. I’m here to say that it is easier than you think; I personally did give myself excuses of why I couldn’t save and believed them for a while. One day I decided to start saving because I was tired of not having enough money to fall back on financially. I was speaking with my Financial Advisor and I took a chance and told her to start taking out $50 a month and doing this for 8 months consistently changed my life. After the 8 months, I took over the savings and started saving as much as I could a week because I knew my future self would thank me.
Keys to Start Saving
- Automate the process
- Start small ($5 to $10 a month/week)
- Be consistent
- Have long term mindset
- Do it for the betterment of yourself
- You should have the money come from your account automatically so you can’t decide not to do it just because you had a bad day.
- Starting with a very small amount will slowly allow you to see that saving money can be a painless process and you can raise the savings amount as you see fit.
- Saving every week or every month, even if it’s a small amount will mentally put you in place were you expect to save and it becomes natural.
- Saving is a long-term process to grow money for whatever you will need in the future without going into debt to do it.
- Save to better you in the long run, there aren’t many people who can get a loan from themselves if things don’t go well financially. Self-reliance is the goal here and you should strive for it.
Thanks a lot for reading my blog, like or comment if you want your voice heard. Have a good one.
Personal Finance 101 