Money rules you need 2 - Save for rainy days

I started a small series to share some rules I feel would help us as earners, don't get me wrong! Everyone can take charge of their money in any way they want to but it won't hurt to give suggestions, would it?

I had posted the first rule and you can find it here Pay Yourself First where I explain the rule of getting to pay yourself first before anything.

For the number two rule states that you:

Save for rainy days

This isn't a new rule as it has always been said in so many ways to earners to save or invest for money growth... This is in another way saving for rainy days.

The rainy days are those days when you can't work no matter how hard you try... Or those days where you have to spend over budget... Or those days where inflation becomes so high but you've got to spend.

Rainy days are those days of emergency spending you didn't expect but would need money to get past the challenge... Imagine not having the money at that time?

This is why it is advised to have more than one source of income, when one closes or suffer, the other strives and comes to help you out. So while you work, save up for those rainy days no matter how little the savings are.

How exactly should you save for the rainy days?

Maybe you should task yourself some amount of money out of your earners, this amount should affect much of your present expenses... Everyone has regular normal expenses to keep up with so don't deprive yourself of them because of your quest to save more, save the little you can at each earning day.

Your money for rainy days could be multiplied through investments, don't just stack the money somewhere... Make it work for more money for you. I don't think it's ideal to have sleeping money these days, every cent should be out there working for more cents if you know what I mean.

So fight your emergency days with a prepared working wallet you kept somewhere you can run to. This is a rule that have worked for a lot of people including myself (I'm sure you can also remember a time this rule helped you).

Saving for the rainy days would also help you live life more smoothly and relaxed, because you've got some situations covered somehow. Don't fail to save (and I mean, don't fail to invest) for the rainy days.