Savings may mean different to me than to other people.
I came across this article that explains in a simple way What Savings Isn't, and proposes that saving is not the absence of spending. Rather, It's the intentional act of setting money aside for a specific goal or purpose.
Cash that’s leftover in your checking account after you’ve paid the monthly bills doesn't necessarily count as savings, especially if you tend to use that money to splurge on a fancy dinner or another treat-to-self in the next month.
Similarly, you haven’t necessarily increased your savings if you’ve saved $5 at the grocery store. You've refrained from spending more than you otherwise would have, but saving means that you actually tucked that money aside somewhere.
Like many of you, I save by continually adding to an emergency fund, pay towards a retirement account and life insurance, and regularly paydown mortgage.
Also I methodically set aside part of my disposable income and exchange fiat currency (U.S. Dollars) for precious metals (silver, gold, platinum).
I save in Mene 24K jewelry.
Today, being #menemonday, I am pleased to show you the recent addition to my Mene 24K gold savings!
Lucky Horseshoe 24K Gold Charm
Thank you for viewing this article.
I post an article daily, and I hope to see you again soon!
@silversaver888
@silversaver888 is a proud member of #silvergoldstackers and the #ladiesofsgs4eva
Friends and fellow #silvergoldstackers know and have witnessed me save for Mene 24K jewelry. They know that I saved these pieces, one charm at a time.
Join me in my adventure to save in precious metals.
| | ||
|---|---|---|