Benefits Of Saving Early
Based on the classic novel, The Richest Man in Babylon, thickening your purse or simply saving is the beginning to become rich and to attain financial security. Maybe your guessing how to fatten your wallet or how to save if you have nothing left? Is it hard to save money and fatten your wallet? Yeah there are many times that your wallet is really fat but just for a brief time period, possibly in a period of two days after you received your salary or paycheck.
Most people have a difficult time to save cash because all of their income goes to their expenses. It is not extraordinary to know that they could not save money even small percentage of their income since it went to the expenses. I have the same experience before. Saving is not my priority because of various expenses and my thinking is that I could have cash every month though my income. My thinking about saving only changes when I almost loss my job.
I am an OFW or Overseas Filipino Worker and as a father working abroad it is really hard to loss your employment particularly when you are not prepared in financial aspect and mentally. On those instance, we don’t have any savings because we’re paying for the amortization of our home and lot. After that happening, I searched for means on how to save as well as on how to make money apart from my current work. I begun reading business books that tackles saving money, investment and other alike topics on money.
So it’s the short account of my financial journey why I like people to learn from my experience and be serious to their financial estate. We can assist one another and be financially secured.
So going back, the question is how to save money if you don’t have any cash leftover? I believe as long as you have work and taking a monthly salary, you have the capacity to save if you have the DISCIPLINE. You should be determined to save at least 10% of your salary per month.
You can do this by automated sending of your money from your salary account to your bank account which has no ATM card. You may enroll for this service if you’re bank has this feature. In the Philippines, where my bank is situated, I applied for this benefit which is absolutely convenient and comfortable to use. So in summary, if you want to acquire financial freedom and be wealthy, start to save now!
Gily Tenorio is a personal finance blogger who likes writing on saving, investing and make money online. For more helpful details on how to save money and apply a savings account at SBI Bank, you must visit India Bank blog for quality posts on saving, investing and earn money online.
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