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Working for a living is not all about earning and spending as it comes, yes, I know one of the major reason people work to to enable them earn money and why earn money in the first place if it's not for spending, another might ask, this is where being rational with your earnings comes in. Let me take you on a train of thought before we go deep into today's topic, that way you will understand better.

Have you imagined yourself some few years or decades to come, will you be happy doing the same job you are doing right now? Let's assume your answer is yes, now moving on to the second question.

How long do you intend to work for, don't you have a retirement plan? Or better still, let me rephrase it this way,

Will you have the strength to do the type of job you are happy doing now, lets even place a figure to the age, let's imagine you are 70 right now, can you still have the daily strength you have right now to hustle and earn a living? I bet your answer is no right now, if not still, let me go straight to the point.

Don't you ever want to live a life of financial freedom and independence? Which can be achieved more easily while you are young than when you are old. The first basic thing or habit to cultivate as a young adult is the act of saving, I've heard stories of more older men who brag about making lots of money while they were young, now they live in despicable condition due to poverty and improper planning for their financial life, most of them spend as they go forgetting about tomorrow, now they don't have the strength to work as they did before, and are left homeless and hungry with a mind of regret, saying had I known. I bet you don't want that kind of future for yourself.

Without further ado, let us get straight to today's topic of discussion which is about saving, why, how and when we should save. But first, what do you understand by the word SAVING?

Saving is an act of putting aside part of your income aside, regular for future reasons, which can range from, emergencies, securing an asset, future investments, the benefits of savings can it be over emphasized because in order to attain a more financially secured future, savings has to come in play.

Why we should save

1 For emergencies

Have you heard of the term emergency fund, it's just another fancy name for savings meant for future emergencies, nobody prays to get into bad situations, but the truth is life happens, we are not super humans, we might fall sick, need a surgery or maybe your wife just gave birth, instead hustking around for an urgent money to fix the problem at hand which can be difficult to gather in such a short while, that is where savings come into play, without giving yourself more panic attack, you feel confident and in a right frame of mind because you know you saved prior to this time.

2 Savings makes ]investment](https://leofinance.io/posts/@leoglossary/leoglossary-investment) possible

How can you invest if you don't have the money to? Most of us, our income cannot invest in something tangible and sustainable, but when we put away a certain amount for months, it can accumulate into something huge and even surprising for us, then we can think of investing at that point in time. Saving is the only sure way this time

3 Securing an asset

Do you have a dream car, house anything in mind but your income is telling you otherwise that you can't afford it, do you know you can actually when you save? Most people buy their dream house after years of saving for it, they didn't just come into a huge amount of money, proper saving and money management made their dream achievable.

4 Attaining a financially secured future

How do you feel when you have enough money to spend and spare, even for a whole day, I bet you feel confident, have peace of mind that day and likely to feel more happy, that is what being financially secured can do, and to have that for the rest if your life, isn't that something everyone should aim for, on order to achieve a financially secured future, we must start saving now, not tomorrow.

How is saving achievable

1 By budgeting

By planning and having control over your finances, knowing what and how to spend on expenses, knowing your income gives you more power over your earnings, you know what to spend on, the percentage to save and how to manage yourself till your next earning

2 Have a goal

This can be a short it long term goal, one thing I know for sure is that setting a goal helps you stay focused and determine into achieving them. Make sure your goals are time bound, achievable and rational.

3 Be disciplined

You can't save and keep on going back there to remove from your savings anytime you are short of cash, that is where discipline comes in, also regularizing your savings and not skipping when you ought to saving needs enough discipline to do so.

4 Have a locked saving account

Technology has made life easier for us, we don't need to stress going to the bank anymore to deposit our money, there are applications available online that enables us have locked savings for a duration set according to our preference. This has helped a lot of people, go online check the review for the best that suit you and start your journey of savings your way to financial freedom.

CONCLUSION

Some might think saving is meant for people with larger income, but that is a wrong reasoning, anyone, no matter how little your income is, can save, and the best time to start saving is now.

Thank you for visiting my blog.