3 Reasons To Go From Debtor to A Saver

If you are trying to manage a business or a household even if you are the only one in it, it is important that you know where every cent goes and that you do not spend more than you take in.

At one time I spent a number of years working in financial services for an insurance company and then later a debt settlement company. During this time I personally spoke to hundreds of families about their financial life. It is utterly amazing how many people have no idea what they do with their finances on a monthly basis. Most people do keep track to some degree, but many are simply too lazy to discipline themselves to do simple math and then wonder why they are unable to fulfill even the smallest of their dreams. Many will purchase the “things" they want and need but never the time to enjoy life. We as Americans seem to be mesmerized by surface rather than substance.

Here are 3 Reasons why every Young Cubicle Soldier must make saving as much a habit as paying rent or utilities.

1) EMERGENCIES
Life will bring plenty of ups and downs that you will want to be prepared for. Although you should always carry sufficient insurance, some situations like an emergency plane trip or a last-minute school function will require immediate cash on hand. Depending on what is going on in your life at the time, even the smallest amount of cash needed can be daunting when an unexpected issue arises.

2) FAMILY PROJECT
Many times you have made the proclamation "I'm going to... (blah, blah, blah). What happened to the follow through? You had a plan that did not have too many moving parts, your spouse/partner was on board and you both felt it was doable. The most common reason given for unfulfilled dreams is due to lack of money. By setting financial goals and meeting them you will build confidence once the goal is achieved. This will also allow you to be ready when a new opportunity comes your way.

3) INVEST
Investing in your financial future, for retirement or whatever your goal may be will require the assistance of professionals. But if you are not disciplined with building your nest egg, you will be like a leaf heading in whatever direction the wind blows. That Young Soldiers, is a terrible way to go through life.

CONCLUSION: Saving and planning for your financial future is as important as getting out of debt. It's amazing how so many people shy away from money and properly handling their personal finances. But when it comes to paying bills or something as simple as putting food on the table, it seems money will always rank right up there with oxygen.

By OddCollard

You can be You, reach your Dreams serve God & still Enjoy Life

Now It's My Turn | Rise Above the Ordinary:

Although written for young adults or teens who due to circumstances beyond their control were without emotional or financial support ANYONE CAN MAKE USE OF THESE PRINCIPLES.

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