Saving for a rainy day

SaveAs they say, when it rains, it pours.

Usually, when a sentence starts with “We need..” or “I need..”, it’s something that you have to take seriously.  “Need” is a very strong word. The only problem is money doesn’t grow in trees.

Nowadays, saving money is rather difficult. When you are spending more than you earn, you end up with no money at all. If you think you have no control over your expenditures then think again.

Differentiate between a want and a need.

For example, if you will purchase a mobile. Do you want to purchase a smart phone at a higher price or you can buy any phone which can perform your basic mobile needs- call and send SMS?  If you do not need to spend a lot of money on a mobile phone, then don’t.  Same goes with eating out and ordering take-outs. Eating out is great if done occasionally. It is still a lot cheaper and healthier to cook your meals at home. On branded items, do you really need to buy Chanel, Dolce, Prada, Louis Vuitton, Versace?  You can buy non-branded products with the same effect. Note that with these high-end brands, you buy the name not just the product.


Spend only for what you need. It’s that simple.


Those extra pennies and loose cents that you save will be useful when you need it the most.