Five(5) Reasons Why You Need To Save Your Money

By Kolawole Akinola


 Saving of money takes a lot of discipline and determination because if every human being is asked to see all their needs it would be impossible for every human being to save.


Let me discuss with you five reasons why you need to save your money. You to save money for

1. The unexpected

2. The present

3. As plan B

4. The future

5. To meet up with your expenses



1. The unexpected

Many times in our lives the unexpected usually happens but if you have been ready for the unexpected you'll be happy but if you didn't prepare for it and it's meet you suddenly it Can disorganise you.


Do not rely on your income or salary. If you rely on your income it can fail you. Sometimes when you have gathered that income you've received, something more might come up that would really need your attention and money but you could have avoided that if you have been saving your money.


One thing about the unexpected is that it destroys your budget but saving your money can help you a lot. so try and cultivate the habit of saving your money today!



2. The present

If you have something in mind to do now and you have some savings already you don't have to wait for your salary. 


What if you have made up your mind to do something now when your salary comes and something more important than what you want to do comes up. Tell me, how would you feel.


Trust me it has happened to me and I know how it feels a lot.



3. As plan B

In life we all have plans for ourselves whether it is for the future or present. If you have if you have made or strategize a plan, make sure you have an alternative to your plan because anything can come up in the future and the only way to be on the safer side is to have some savings already. 


In everything you do in life that deals with money, make sure you always have an alternative. But sincerely your savings can be one of your alternatives in case your salary is not going to go far.



4. The future

No one on this planet knows what is going to happen in the next 1 hour. This life we live in is like a risk and we all have to take it. The future is unpredictable but savings can go a long way


My friend who is now a successful businessman, told me he was once working for a company but he decided to be saving some part of his income for himself in case of any future occurrence. 


Suddenly, the company he was working for went into liquidation. They couldn't meet up and they had borrowed a lot of money. With this, the company dismissed the whole workers and close down their company. His savings was the saving grace he had. He was able to use the savings to start a business of his own which is now successful.


This is a true life story, you can also learn from this and save your money even out of that your little income no one can tell, it can go a long way in the future.



5. To meet up with your expenses

Saving your money can help you meet up your expenses. You might be living and inbalance life, but you may not realise it that you are not managing your own income appropriately. If you strategize the way you spend and save your money you will be able to meet up your expenses.


In life, I realised that not all things we spend our money on are very important. You need to let go of some things you spend your money on save that money and notice that change you've been expecting even with that income you've been complaining is not really enough for you


Kolawole Akinola is a person who is passionate about making money online. That is why he is interested in writing on ways you can also make money online and also advise you on your Financial life.

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