Rewards Of Saving Money Early
Rewards Of Saving Money Early
Rewards Of Saving Money Early
Based on the classic story, The Richest Man in Babylon, fattening your wallet or simply saving is the beginning to become rich and to acquire financial freedom. Maybe your guessing how to fatten your purse or how to save money if you have nothing left? Is it difficult to save money and fatten your wallet? Yeah there are countless times that your wallet is really fat but just for a moment, maybe within two days after you received your income or paycheck.
Most people have a difficult time to save money because much of their income goes to their expenses. It is not surprising to know that they could not save money even little portion of their income since it went to the expenses. I have the same encounter before. Saving is not my priority due to various expenses and my thinking is that I can have cash every month though my income. My ratinal about saving only changes when I nearly loss my employment.
I am an OFW or Overseas Filipino Worker and as a family man working overseas it is very hard to loss your employment specially when you are not ready financially and mentally. At that time, we don't have any savings because we're paying for the amortization of our house and lot. After that happening, I searched for ways on how to save money as well as on how to make money aside from my current work. I started studying financial books that deal with saving money, investment and other related topics on money.
So it's the bare account of my financial adventure why I like people to learn from my experience and be serious to their financial condition. We can help one another and be financially secured.
So going back, the question is how to save money if you don't have any money left? I believe as long as you have work and earning a monthly salary, you have the capacity to save if you have the willpower. You should be determined to save at least 10% of your salary each month.
You can do this by automatic sending of your money from your salary account to your savings account which has no ATM card. You may enroll for this privilege if you're bank has this aspect. In the Philippines, where my bank is situated, I applied for this benefit which is really beneficial and hassle-free. So in summary, if you want to achieve financial freedom and be rich, start to save now!
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