Why saving is important and before that earning. Without earning there can not be saving.
Taking good care of your personal finance – budgeting, saving and investing – is often derided in young and cool circles specially if you have just started earning few years back.
First and most obvious question that comes to mind is why you should care about personal finance at all?
In one sentence: Because it’s your money.
Further you work hard, you slog like anything, you spend most of your time living time earning it. That’s why. Good enough reason?
Those who mock idea of saving and those who save prudently realize its value in the last decade or two of their lives. But you know the irony, by that time its all too late to have got this realization.
Balance between living today & saving for tomorrow is must. If you have to err then err on the side of saving more aggressively than spending aggressively.
Saving and investing for your family’s secure future is exception and tiny minority only is able to do it.
Be that minority.
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