Make Saving a Priority
As you consider your finances and your money management
practices, it is important to understand how saving money plays a
critical role in your future financial success.
Most of us follow a very simple money management plan. We SPEND
some, and we SAVE some. It's how much we do of each that makes a
difference in our financial future. The first step, "spend some" is
easy, but without a plan and a little discipline, we may never get
to the second step, "save some."
Regardless of how much or how little your income is, or what
life stage you are in, it's important to make saving a priority.
The earlier in life you commit to saving money, the more
financially secure your future will be. Your mind will be more at
ease when you know you have a financial plan for the future.
The top reasons people save money:
- Ability to handle the unexpected (medical bills, auto repairs,
home repairs, etc.)
- "Big ticket" purchases (car, home, etc.)
- Retirement and college education
- Avoid unnecessary debt
- Reduce stress