Before any
thing, let look at the meaning of Shopping, it means spending, clothes shopping, supermarket run, grocery shopping, bargain hunting, shop,
weekly shop etc. but it can also dictate if one will be able to get more cash available at his/her hand or
not. This is because there is no way we can do without shopping (buying items).
In everyday life we buy, in our business we 'Spend', in our private life we
purchase all this and more are the reason why we must know how to save as well.
the reasons behind this is that, it
doesn't speak well if at the end of the day we discovered that all we have
spent has not added anything to our
satisfaction i.e. getting the things we want and need.
However if there
needs to be a reason to save more the following are just some of the more
prominent ones to go by:
(1)
Having a healthy emergency fund that is
accumulated through diligent savings, is always beneficial. This will help the
individual tap into this resource when the need arises, as compared to having
to resort to taking out a loan which will only incur high interest rates, that
may cause the budgeting process of the
individual to be severely affected.
(2)
Creating a good long term saving plan
will also allow the individual the option of making huge down payments thus
eliminating the need for larger loan packages and financing help. With more
savings the individual is able to bargain better as the saving will allow for
cash payments to be made. This will present quite an advantage to the
individual when the seller is keep to transact quickly.
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(3)
Saving more will also allow the
individual to have the resources available to cash in on bargains and sudden
opportunities whenever and wherever they pop up. Often people allow
opportunities to pass them by simply because they lack the finances to
capitalize on them. Therefore learning to save more and frequently putting
aside any assess cash will keep the individual from missing out when it most
counts.
(4)
Security Purposes: it's true that where ever there is no
safety everybody in such area is living in death and unsettled mind, so also
the case of saving. When someone saves he/she will have financial security this
will help such a person to withstand any emotional or psychological sock that
comes in form of financial difficulties.
This is true because one adages says 'every day cannot be Christmas day'
this means in every point in time there
will be time when cash will be insufficient, when more power will be needed to
carry-on financially, but having a 'cash
back-up' will sustain such a person.
Making the
effort to save more will also inculcate in the individual the opportunity to be
very disciplined and focused, which is a
trait that will help in other areas in his or her life too. The sooner this
trait is cultivated in an individual the
sooner it will bear positive results. start now, and if you have started keep
the good work going.
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