The Benefits of Saving Money

October 20, 2017

The Benefits of Saving Money

Introduction:

Hi everybody, welcome to my blog again. In this age of modern, what is the most important thing to keep going in our life? I think one of the answers will be money. So that, how could you earn money in your daily life? As for me, I have an idea that is saving money. This is because we could save money through reducing daily expenses. Do not think it is just a drop in the bucket. As the idiom goes, many a little makes a mickle. When you keep saving that little money after such a long time, the result will be surprising and beyond your prediction. Then, as the title that I mentioned above, the topic that I would like to talk today is the benefits of saving money.

Objective:

As the starter of today, the reason why I want to choose this topic is that I would like to encourage all of you to save money for your future. Moreover, I would like to let you know how big the influences that will bring along for our future.

In this day and age, saving money has been becoming a must to the young generation. Furthermore, it also becomes one of our trends to lead us to a wealthy life. Thus, there is a phenomenon that always occurs in this world which is most of the human beings nowadays who are more successful because of saving money early than others. This is because they have cultivated a habit which is saving money since they were young. That is mean they have taken the big step and on the way ahead to success. In short, if you want to succeed, you ought to save money. However, what are the advantages of saving money? Let me tell you!!

First and foremost, the money that we saved can be part of our tuition fee for studying abroad after we have graduated from secondary school. So that, we can pay part of the tuition fee without relying on our parents. It is because basically studying abroad need take quite a lot of money. For example, we have to pay the tuition fee and other daily expenses. Then, for those poor families, the tuition fee will be affordable for them if their children inculcated the concept of saving money by their parents since they were young. If not doing that, studying abroad will be unaffordable for them. In simple terms, the savings can be used for paying tuition fee without relying on our parents if we want to study abroad.

Additionally, saving money is also a way to make even more money with money. This is owing to the money that we saved can be the capital of investment. For instance, we can diversify the money that we saved in the investments that could return good interests according to the multi-investment concept. Meanwhile, we could use the interests that we earned in another way or buying small company shares. Moreover, we can register a bank account with a high-interest rate for saving the money into the bank. For examples, we could save money into the saving account and fixed deposit account and more. For the saving account, normally the rate could be around 1.28% until 2.45% per year. As for fixed deposit account, the highest rate could be 6% per year. Consequently, our income will increase drastically if we wisely to invest our money with efficient ways. As the quote saying, great thing take time, so we have to be patient because we have to take few times to get the huge rewards.

Besides that, saving money can overcome the unpredictable crisis. For instance, serious disease, insufficient of company capital, flood, fire and so on. When occurring one of the situations that I said, it will not be a problem to us if we have our own savings. Even we have no adequate of company capital, we can use the saving as our temporary capital to overcome the current crisis and keep operating the company. Then, what if our home occurred flood or fire, we will not be homeless and we have enough money for looking for a temporary shelter and rebuilding our old house. As the proverb saying, while it is fine weather mend you sail. Hence, we have to save money before the crisis coming. In a nutshell, saving money really can tackle unpredictable crisis if we have our own savings.

Furthermore, saving money can fulfill our satisfaction. This is because the money that we saved could be used for buying something whatever we want. For instance, we could buy luxury goods such as the smartphone, computer, iPad, PS2, smartwatch and so on. Subsequently, when we would like to buy two things that is what you like, you do not have to make an option and buy both of two things without hesitation. So that, there is no any possibility of opportunity cost. Meanwhile, we can fulfill our satisfaction by using our own savings as well.

Nevertheless, we can achieve our dream by saving money. What if our dream is traveling around the world, it would not be a problem for us. This is due to we could use our savings for traveling to those countries wherever we like. As an example, Japan, England, Ireland, Switzerland, Canada, Taiwan, Brazil and so on. In the contrary, what if we have no savings, how could we accomplish what that we want to achieve. So that, we can travel around the world earlier compared to others if we have savings.

Last but not emphatically least, saving money is also a step ahead to success. What if our savings are large enough for forming a company, it could be the capital of us starting from the scratch. Once we formed a company, we could expand the size of our company and become a successful entrepreneur. Even though we have no enough saving for setting up a company, we could cooperate with a partner or even looking for some investors to support our proposal. Therefore, once we came over these difficulties, we are closer to success. In a nutshell, we could be the next successful entrepreneur if we are good at saving money.

In conclusion, as the benefits that I mentioned above, I think this will enlighten you in many ways. However, I am looking forward to you starting to save money from now for creating a gorgeous future. As the maxim goes, a penny saved is a penny gain. Do not think the money that you saved from your daily expenses is just little. Hopefully, you are on the way ahead to success. Thank you for your precious time and stay tuned for my next blog.

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The Benefits of Saving Money

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