When it comes to saving, it's a skill or character everyone should learn. This holds great benefits which makes me consider that the reason many haven't come to a level of financial status is that they couldn't save when they needed to for a necessary and intended purpose ahead. It's a different thing when such money was used for investment and the like. Other than that, saving should be the route to take.
Of course, it's easier said than done. Our world is full of many attractions. The money that could be saved for a purpose in the future could end up being spent on these attractions. This makes me understand the need for discipline when it comes to saving, which I consider to be the first step towards an individual's savings journey. But I tell you, it can be difficult.
My effort towards savings starts with my attitude towards financial discipline. As mentioned, it could be difficult, especially when one is an avid spender and doesn't have restrictions on themselves against these attractions that flash around. Maintaining this discipline is a big deal, which somewhat tested my resolve last year. There was this interest to get what I wanted not really what I needed, which is one of the things to consider when saving.
What could make saving impossible or lacking of discipline is when there's no intended goal attached to it. Even if there's no major project on ground, savings should be tied to a reason. Why? It's that reason that keeps you hooked; coming back to save, spend wisely on needs not wants and seeing the necessity to save, because there's that intended future purpose at hand. We're creatures of reason, and sometimes we need reasons to do some things. I set goals for my savings then.
Putting all these in place, how do I save my money? Well, I currently use a savings medium called Piggyvest, which I guess you are familiar with. What I like about it is the diversity of options it offers and the interests that come with any of such options. They are designed for several purposes, allowing the saver to have one or more savings options based on their needs. It has really been handy, especially last year.
This year, I'm still saving. Maybe with more discipline, because I have huge goals and those goals would take me through some major purchases. As a result, I'll have to be frugal when it comes to spending. One of the major purchases is getting me some good gadgets, of which a beautiful, sophisticated, well-working laptop with good RAM, processor speed, graphics card and more specs is what I look for. What I wish to use it for demands such. So, I'll need my savings game.
I see this major purchase making a grand effect on my professional and digital skills learnt. It's one of the tools I need. I do hope that by God's grace I will achieve that. Not just that though, I'm hoping to make some investments also. And this would mean saving as well towards that from the income that comes my way. With financial discipline, clear goals and the process in place, I hope to achieve my savings goals this year.
Find the prompt here.