Saving money is not all about having extra cash for later so we can boast to our friends that we have some money.
Saving money enables you take new opportunities when they show up in the future.
Saving money enables you achieve some certain goals you dream for.
Saving money helps you fix challenges that may occur later on the future.
Ealier last year I started a habit of saving $3 to $5 every single day from the money I was making.
I told myself that no matter the deal or business I do, I was going to save some percentage in my savings account.
This habit continued for more than 6 months and by then I was participating in a lot of ponzi schemes.
Few months later I lost over 60% of my money to ponzi schemes. I was so sad and promised myself not to go into ponzi schemes.
What helped me recover was my savings. I was saving in BITCOIN. When I got my 12 phrase from where I saved it, I realized that I had over $1000 saved up.
The little habit I started some months ago, became a life safer
when I started saving money, I had no specific plan for saving. No goal was pegged to my savings. I just saved because I was told saving is a food habit.
Your savings should be be pegged to a goal or some goals.
What are you saving for?
Do you want to save so that you can get yourself your dream house?
Do you want to save so that you can go for that dream vacation?
Do you want to save so that you can finish college?
Having a goal pegged to your savings will help you know when you'll likely hit your target.
Having a goal for saving helps you know if your current saving plan is the best plan for achieving your dream goal.
Don't just save , save with a GOAL
Saving money shouldn't just end in saving money in your bank account or saving some cryptocurrencies in your wallet.
Your savings account should be a different account from the account you use for every other spending.
You should endeavor to make proper research on the right saving scheme that will help you achieve your desired goal.
Personally I divide my savings into two 80% is in CRYPTOCURRENCY and the remaining in the bank.
Some people look down on small money and this sometimes make them broke.
Remember my story? How did I get over $1000? It was from saying small money.
if you save 6$ everyday, you'll have over $1000 in 6 months
You can also save some your earnings from steemit.
