Rewards Of Saving Money Immediately
According to the classic story, The Richest Man in Babylon, thickening your purse or simply saving is the first step to become wealthy and to acquire financial freedom. Possibly your thinking how to fatten your purse or how to save money if you have nothing leftover? Is it difficult to save money and fatten your purse? Yeah there are countless instances that your wallet is really fat but only for a moment, maybe within two days after you got your income or paycheck.
Many people have a hard time to save money because much of their income goes to their expenses. It is not surprising to know that they could not save even small portion of their salary since it went to the expenses. I have the same experience before. Saving is not my first concern because of many expenses and my reasoning is that I can have money each month though my income. My ratinal about saving money only changes when I almost loss my employment.
I am an OFW or Overseas Filipino Worker and as a family man working overseas it is really difficult to loss your job particularly when you are not prepared financially and mentally. On those time, we don’t have any savings because we’re paying for the mortgage of our house and lot. After that happening, I looked for ways on how to save money as well as on how to make money aside from my current employment. I begun studying financial books that tackles saving, investment and other related topics on money.
So it’s the short account of my financial journey why I like people to gain knowledge from my circumstances and be decisive to their financial estate. We can help one another and be financially protected.
So going back, the challenge is how to save if you don’t have any cash left? I believe as long as you have employment and taking a monthly income, you have the capability to save if you have the DISCIPLINE. You need to be determined to save at least 10% of your salary per month.
You can do this by automated transfer of your money from your salary account to your savings account which has no ATM card. You can apply for this privilege if you’re bank has this aspect. In the Philippines, where my bank is located, I applied for this benefit which is absolutely convenient and comfortable to use. So in summary, if you want to achieve financial security and be wealthy, begin to save now!
Gily Tenorio is a personal finance blogger who loves writing on saving, investing and earn money online. For more helpful information on how to save money and open a bank account at SBI Bank, you must visit India Bank blog for good articles on saving, investment and make money online.
