Money; The Saving and the Spending
Money management skills is the best way to get what you what you want in live. Saving is one thing that a lot of people do not support either because they do not know how to save or they see it as money losing value compared to investment but wait, investing! Can one invest without having money at hand? Well some say it is possible, but the fact remains that in most countries it is not possible to invest without having capital so how do you raise capital? Savings!!!
The best year to start saving for a life ahead is in your 20s, this is the period you should never look down at and you should start collecting every penny so as to get out of negative financial status. Saving as little as 5 – 10% of your earnings are good enough to kick start a good financial life. You can start at any percentage, at about 2 years ago I started saving 75% of my daily earnings because I wanted to start a business, impressively I was able to save enough to start the business and this was where I understood the importance of savings.
Saving is a game of compound interest, keep multiplying the savings and expect to use it for something tangible. Also, a lot of people use the complete zero method where they zero out their entire cash for the day. It is good to pay your bills very fast, thereby keeping you clean from unpaid expenses.
If you are having trouble with saving money, then you should check out a few things like your spending habits when shopping, using credit card is a bad way to spend and since it just includes swiping of cards and this is one way to spend money continuously without thinking about savings. It is advisable to believe in cash when you are buying little things.
