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Do you have good posture? |
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Submitted by Brianna Winters
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When I started saving, I wasnt saving much. However, I developed an important habit. Whether youve wisely saved money or received a good tax return, dont go out and blow it on more stuff. You can have anything you want, you just cant have everything you want. A.F. Bannerman once shared wise advice worth mentioning here that Ive come to agree with and respect:
Your savings affect the way you stand, the way you walk, the tone of your voice. In short, your physical well being and self confidence. A person without savings is always running. You must take the first job offer. You sit nervously on lifes chairs because any of lifes emergencies throws you into the hands of others. Without savings, a person is often fearful of the present and the future. Being in a state of constant fear is a horrible place to live. A person with savings can walk tall. You can appraise opportunities in a relaxed way, have time for judicious estimates and decisions. You need not be rushed by lifes problems or economic necessity. The person with savings can resign from his work if his principles tell him this is not the place to be. "
The person who is always worried about rent, food, bills, etc. cant concentrate on long-range career goals. The person with savings can focus on family and service to shape personality and develop character.
2 practical tips to get started: Track everything you spend. When you keep a log of everything you spend (gum, gas, latte, groceries, everything), you cant help but see patterns in your spending. Youll think twice before buying that next Starbucks. If you live on a budget for every category of expenses you have, youll be amazed at the control you gain over spending.
Savings is actually delayed spending. I didnt understand the expression pay yourself first, until my mid-30s. It means you should set aside a portion of everything you make, save it, then invest it. You should do this regardless of whether or not you have your own business (hopefully you do).
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