“A fool can earn money; but it takes a wise man to save and dispose of it to his own advantage.” If we don’t save, we’ll stay broke no matter how much we earn. And if saving money is not urgent, it just won’t get done. “Save money and money will save you,” reads a Jamaican proverb.
Additionally, what are the benefits of saving money?
5 benefits of saving money
- You’ll be financially independent sooner. …
- You won’t have to worry if you’re hit with any unforeseen expenses. …
- You’ll have financial back-up in place if you lose your job. …
- You’ll be prepared if your circumstances change. …
- You’ll be more comfortable in retirement.
Moreover, how do I save money? 8 simple ways to save money
- Record your expenses. The first step to start saving money is to figure out how much you spend. …
- Budget for savings. …
- Find ways you can cut your spending. …
- Decide on your priorities. …
- Pick the right tools. …
- Make saving automatic. …
- Watch your savings grow.
Keeping this in view, how does saving money make you feel?
The most important aspect of evolving from a spender into a saver is learning that saving money can feel as good as spending. Not only can it feel as good. It can feel better! Before you get comfortable changing your habits or lifestyle, you gots ta feel good about what you‘re doing.
Do not save what is left after spending?
“Do not save what is left after spending; instead spend what is left after saving.” Warren Buffett.
Where in the Bible does it talk about saving money?
Corinthians 16