We all have goals in life, to achieve them it is necessary to get down to work, so we will tell you what is the importance of saving.
Maybe we should start with something as basic as saving. When we refer to savings, we talk about the accumulation of money on a regular basis. A basic key to achieving this is to spend less than you earn.
Although it would seem obvious, many people do not. In your monthly balance one of the weights is always more inclined than another, and no, it is not the weight.
It is very common to think that only rich people can save
It is very common to think that only rich people can save, because they have more resources that allow them to survive and therefore save. On this, the personal finance specialist Gianco Abundiz says that “he who has more is not rich, but he who knows how to spend”, in fact this is how he titled his book. And he is absolutely right, good management does not depend on how many resources you have, rather consider what is necessary and what expenses you can do without.
The key, say specialists, is the reduction of expenses and not necessarily having extra income. You can also see it as sacrificing your present consumption, for your future consumption. Saving now is to establish a reservation for later, for example, to achieve financial goals, generate money that allows you to cover credits, the hook of a house or complement the money you have for your retirement or even go on vacation this Easter.
The most important thing about saving is generating a habit
The most important thing about saving is generating a habit. Of course, at the beginning it will cost you a little work, however, little by little when you see the results you will feel motivated, and so without realizing it will become a constant in your budget.
And unlike what is thought, those who have less income are more obligated to make the most of their resources, in order to have a better quality of life. A clear example is retirement, if you do not have today, imagine what Will you do when you are no longer an economically active person? Surely the situation will be more complicated.
According to figures from the Consar, (National Commission of the Retirement Savings System), people who have an Afore contribute only 6.5 percent of their Base Salary, which means the salary with which they are registered in their social security institution.
Is that a lot or a little? If a person does not voluntarily save for retirement, with his mandatory contributions at the end of his working life he will only have a pension equivalent to 30 percent of his last salary, will he reach you?
To start saving, you must first
1. Put name and surname to your goals, that is, set goals.
2. Make decisions with people in your family, be it wife or your children
3. Reduce and distribute expenses, you just have to distinguish between your wishes and needs
4. Always separate a monthly amount labeled savings, preferably put it at the beginning of your expenses, do not consider what you have saved as savings, you will never have anything left over
5. Do not touch the savings, for any emergency you must have a special fund, you must consider them sacred
6. Be creative and look for ways to also save on your purchases, look for discounts, offers, cheap, buy in advance
7. Always, always, make a budget.
The only way to make saving a habit is to be disciplined and understand that financial education is a core part of our lives, it is not alien to us, but a way to achieve a better quality of life.