Savings is income not spent. It is money you put aside for a rainy day or income not used for immediate consumption. Saving money for the future is one of the habits of wealthy people. It is wisdom to save first and spend later.
Saving money will help u face unexpected future circumstances. It enables you to lead a worry and debt-free. By saving money and living below your means you can invest in worthy ventures, become financially independent and retire early.
You can save by paying yourself first before spending your income. Dont live on credit cards; pay for your purchases and save up for them ahead of time. Limit your monthly bills; spend only on needs, not on an wants. Also, consider registering for a retirement savings plan. The ability to save may take a bit more work, but it's a habit worth having.
