Why saving money is important?

Saving money is not easy to do but if you have goals, you will surely save money. A lot of us don't prioritize saving money because we only focus on spending,which is not a good habit.

Saving should be part of your budget, think of it like you are paying yourself. If you don't save money, you are just paying other people; like paying your favorite restaurants, movie house, coffee shops, groceries, electric bills, cable, rent and a lot more but you forget paying yourself.

By saving money, you are thinking about your future and your goals must be clear for you to be motivated to save money. Think of long-term goals as well not only short-term goals. Long term goals will make you keep on saving money like your Retirement, Education funding for the children, health care funding and a lot of more.

But, saving money is not enough for you to reach your financial goals for long term, you have to learn also to invest your money. You cannot invest properly if you don't have a habit of saving money. So, start saving money then learn to invest.

Thank you reading my blog today!

Archie Yuki
Financial Adviser