What you earn vs What you keep
Some believe that those who save money do so because they are "worried" about the future. Some regard it as a means of "preparing" for the unforeseen. Depending on how you choose to interpret them, both claims can be considered true.
Saving money is a highly essential habit, as is clear. When that moment arrives, your income won't be up for debate. Nobody will be concerned with your income. The emphasis will be on how much of it you maintain, instead.
I kind of feel thankful that I live in a nation where our taxation system is not as strictly enforced as it is in other parts of the world every time I read about how much people have to pay in taxes in those other countries.
Here, indirect taxes and commodity taxes make up the majority of what we pay. Additionally, we have certain other deductions from the money in our bank account, such as income tax, although they are not particularly important. Apart from taxes, the main areas where we spend a lot of money are often on rent, other utility bills, and groceries.
You will see that the size of the big paycheck you received has significantly decreased by the time you spend a few pounds here and there. It becomes clear at this point that no amount of money is ever adequate. This is another area where the value of conserving money is clearly seen.
You should be aware that you will still be required to pay taxes if you reside in a nation with strict tax laws. You will always be responsible for paying the rent if you live in a leased flat. You must undoubtedly plan for the payment if you have a mortgage.
Saving money does not automatically imply that all of your costs will disappear. What helps in this situation is to reduce those costs. Use a preference scale to determine what should receive the most money.
Make a budget as well. Set aside a specific portion of your income in that budget for savings. You will benefit much in the long run.
Although it's never simple, saving is a habit. Never give up, even when it's challenging. Consistently try to save money. small by little.