The Importance of Understanding Your Values When Making Important Financial  Decisions
We need money to purchase our wants and needs. Because we need money, we often find a way to earn money. Some people earn money much easier than others. Some people even earn money without doing much physical labor, just taking their expertise to their full advantage. No matter how we earn our money, one thing is for sure – we are bound to spend them.

Since we are so inclined on spending what we have earned, sometimes we forgot one very important aspect of finance – savings. We need to save not because money has a sentimental value; we need to save because of future expenditures, whether directly or indirectly. We need to recognize that fact there will always be some expenses in the future that we need to save up for. 

Savings is actually a forfeiture of a current spending to give way to a future expense.While we need to save money, there is a hidden inclination for us not to see the ways by which we could have good savings. We should always remember that saving some money does not need to entail large amounts, as small savings could accumulate to become large ones.

So, how should we save up? Saving money can be done in a lot of ways. We only have to identify what is most applicable to us given our own financial capabilities and capacities as well as own personal expenditures. Theoretically, savings become only possible when your earnings are much more than your expenses. So if your earnings are more or less definite and stable every month, it would be ideal to cut your own expenses. That way, you would have some savings even if your earnings have not gone up.

Cutting your expenses is much easier when you control what you want. Basically, what makes us spend more are the things that we want, not the things what we need. To this end, it could be advisable that you make a list before you go to supermarket to do some shopping. Supermarkets have lots of gimmicks that would try to persuade you to spend more, even on things that you don’t need. Having a clear list of what you will just buy will allow you to stick on the things that you just need.

You could also squeeze a few savings from the supermarket by allowing yourself to compare the prices of similar products. A $100-item is not necessary better than a $20 good. For all we know, we are usually paying not for the product or service, but for the brand and the expenses they have made in delivering the goods to their consumers.

The cost of transportation is one of the expenses that usually eat up earnings. Typically a vehicle that consumes considerable amount of gas leads to larger transportation costs. If you own such vehicle, then you could only travel lesser miles per gallon of fuel. Likewise, the larger a vehicle is, the more fuel it consumes. Thus, if you want to save up, you could trade for a smaller vehicle that uses less fuel. Auto companies are now offering fuel efficient vehicles that allow drivers to travel more with less gas. Don’t miss those offers.

As pointed out, expenses could come in small packages. Thus, vices like drinking and smoking could really harm your pocket and leave a small room for savings. But if you manage to cut these vices and other unhealthy hobbies, you would not only be able to save some money, you would also be able to save your body. 

These are just a few of the ways by which we could save some money. Spending does not need to be so lavish to the point of exceeding earnings. We just need to control our spending so that we have enough room for savings. Always remember, the more we could save, the better we could prepare for the future.

Piece Credit to Manuela: A lover of books and other written, She has not stopped reading and writing even though she is already married. Learned in many topics like writing on any topic of finance. She has made it a point to share what she has learned with others. 
The Importance of Understanding Your Values When Making Important Financial  Decisions

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