Why you should save money. There is power in saving money. If you lose your job or get laid off, having an emergency fund that can cover your living expenses for six months to a year can be a life saver.
Saving money equals freedom, the freedom to choose your destiny rather you want to travel the world, relocate, spend more time with family or pursue your dream of working for yourself. Having money saved can provide you the opportunity to choose your own way.
Saving Money
If at the end of the week, your purse is full of receipts, it may be a sign that you are spending too much money. The morning breakfast run for coffee, then lunch with your coworkers or shopping at the big box store.
It’s the many small things that add up quickly that get in the way of our savings goals. Saving money requires patience and a process of mindfully tracking where your money is going.
There are many Apps available today that can help you track your money. Two of my favorites are Mint and Everydollar. Both apps are free and available on your phone, it all boils down to personal preferences. Both apps help you maintain your monthly goals by creating a budget.
Mint has the added benefit of allowing you to monitor your investments and credit score. If you don’t have a phone or personal computer then there’s always pencil and paper, there’s no reason not to create a budget.
Saving money is key, no one has ever said that they regretted saving money. For more information about saving money visit Forbes.