March 11, 2014
To save money consistently, you must have a clear answer to why you should do it. What are some of those answers?
To save money consistently, you must have a clear answer to why you should do it. What are some of those answers?
Some people have a goal they are trying to reach such as saving up for a down payment on a house, to be able to buy a used car in full, to pay off your education or be able to pay off your children’s education when that times come, but the most important one if you ask me is saving for retirement so you can escape the world or work and get freedom to do what you love and not care about the money from the job because you are living off your passive income.
Well said, Garrett. Let’s review.
Identify something that is really important to and that is your start toward saving your money. Whatever that reason(s) is, write it down and put together a plan to achieve it. I am with Garrett. Financial freedom is the ultimate goal that we can seek. If you want it badly enough, you can do it. Believe in that and believe in yourself. YOU are the answer!
You should save money to reach a goal. Some goals may be to make it to “escape” and not have to work for the rest of your life. Other reasons may be to live without having to worry about money or other goals people may have such as saving for a house, car or college for their kids. To save money you should track your spending and put your savings account into bonds or stocks or something else that will gain you better interest on your savings other than the bank.
Well said, Nicole! Keep those comments coming.