domingo, 21 de marzo de 2021

 

Why is it important to save from a young age?

Do not save what is left after spending, but spend what is left after saving. – Warren Buffett

 


It is never too early to start saving money. If we start saving money since we are kids, this will become a habit as we get older. The earlier we start saving, the more money we will earn over time. Starting to save is not easy, but if we are disciplined, we will be successful saver. Saving money is important because it can help us in an emergency. In addition, can let us achieve many things in the future, for example: this can help us avoid getting debt, you could buy more things and of better quality, you can visit many places, you can start your own business, among many other advantages.


As we grow, we will understand how difficult it is to make money. Now, we may think that we don't need to save because our parents meet all of our needs. However, that will change later. That is why it is necessary and important to save at an early age, since we will have more time to save, compared to older people. On the other hand, if we do not start saving money now, it is possible that in the future we will have many obstacles to achieve our goals due to lack of money. Also, when we make the decision to start saving as soon as possible, it will become a habit of not spending money on unnecessary things.

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Take Charge America. “Our 5 Favorite Quotes About Saving Money”. (2021). Recovered from: https://www.takechargeamerica.org/our-5-favorite-quotes-about-saving-money/

Sources:

Be the budget. “The Importance Of Saving Money: 15 Reasons to Start Saving”. (2018). Recovered from: https://bethebudget.com/the-importance-of-saving-money/#:~:text=First%20and%20foremost%2C%20saving%20money,greater%20sense%20of%20financial%20freedom.

 

Show me Cape Town. “The importance of saving at a young age”. (2008). Recovered from:  https://showme.co.za/cape-town/business/business-finance/the-importance-of-saving-at-a-young-age/#:~:text=Spending%20less%20money%20and%20trying,be%20able%20to%20retire%20early.

 

The balance. “Top 7 Reasons to Save Your Money”. (2020). Recovered from: https://www.thebalance.com/learn-the-most-important-reasons-to-save-money-2386123

 

Prudential bank. “The importance of saving money”. (2020). Recovered from: https://www.psbanker.com/importance-of-saving-money/

8 comentarios:

  1. I agree with You, I think uf we sabe money un a young age, we can have a lot of money for the university ir yo Buy something that we like, thanks for the information, I love your blog.

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  2. I like totally this blog, because if we save money in a young age, when we become bigger we can take that money to buy something we always wanted.

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  3. I agree with you, is a realy good idea, because save since we are young since that money could serve us in the long term as for the University, also there are some people that save money since they are young until they are old and that money helps them not to depend on someone else and so on They have money for their old age, it also helps them prepare for emergencies or future risks, cushion the variations in income and consumption and save what is left over in the periods of abundance to use it in those of difficulties.

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  4. I agree with you, saving from a young age is one of the better ways to make us responsables for the money that we have and the one that we spend, it makes us think in our future and how that money can help us in an emergency of also for our university.

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  5. I agree with you, since saving money is a very good idea if you want to buy things on your own and not always wait for your parents to buy it, and by saving from an early age we will get used to saving our money responsibly and so when we grow up we handle it well. Interesting blog.

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  6. I agree with you because I think that if wesave money in a Young age we could have a lot of money and we could safe a lot of money yo buy anything that os important to us.

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  7. I agree with you, saving from an early age is a very good option because you can get to stay with that same environment and that often can lead you to a better future, love this blog and very good.

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  8. I agree with you, because even if it doesn't look like something really necesary, it will be very important for our future. And I think that is not really easy to start saving money, that is why people should have dicipline like you said. Well, in my opinion is a really useful blog, because it give advices for the future.

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