Saving Money – Need and Importance : Essay, Speech, Article

Saving Money – Need and Importance : Essay, Speech, Article

“500 and 1000 notes made me realise the value of money”
-Today’s kid

Meaning of Saving Money

Importance of Saving Money : Money is something very much valuable and required for the survival. It’s not just one piece of paper but it holds some value, a value that has to be understood by every individual. If we quote it into a particular definition then money is, “A measure of value, medium of exchange and means of payment consisting of notes,coins and paperless payment systems like smart cards.” It is not about some class of people but about everyone, be it the lower class or the richie rich. Money holds so much that we even fail to anticipate. It holds power, ability to create jealousy, manipulation, greed and what not.

Saving Money - Need and Importance : Essay, Speech, Article
Saving Money – Need and Importance

Need of Saving Money

Money by far is the most necessary thing required after basic necessities i.e. food,shelter and clothing. It is the fundamental requisite for a middle class person to meet his ends and for the higher class to get his luxurious demands fulfilled. The fact that shouldn’t be forgotten is that that you need to save for future crisis, for the business problems, for travel, for any sort of urgency, for fulfilling a long cherished dream or for anything. Money is a prized possession though it’s worth is subjective but anyhow it is needed in every next step and for that you need to prioritize your needs and also understand how much savings play an important role in securing future.

Importance of Saving Money

The time you spend your money you may forget your limits but you got to plan first and be rational before you just give your money to something that is just as good as a scrap. This is for a generation existing right now. We argue and claim that we understand the worth of it but well we don’t. The day we start earning then maybe we might turn out to be good savers. As we say we don’t understand things until we ourselves face it. Besides this being secured by parents is great but depending on them is not happening so we need to pour senses and start saving.

Saving maybe a tough task though but you can always have alternative plans like for instance this is for someone who cannot keep cash on hand for long as he’s going to spend it, then buy a piggy bank or get yourself one bank account. You can give it to your parents or let’s just presume that you’ve good self control then you start saving ten percent every month from your expenses. So this is how you manage your finances.

The old school generation or the one who are not the nineties kid then they very well know the importance of saving and it’s perks. They have had grandfather or grandmother who would have given better techniques for that. But we as in everyone not just one particular age group; the one’s who aren’t successful in saving we need to work from scratch. We should start asking prices, compare them, stop running behind brands, go for discounts and sale, use coupons, avoid spendings on junk food and last but not the least try bargaining even when we fail n number of times; surely we will master that art.

So well it definitely is important to save as crisis never come with alarms. There is a crowd existing with a thought that we have one life so why think twice but well this doesn’t hold true in case of money. You always should think twice before spending it. It’s not about restricting yourself from living blissfully but prioritizing the needs. The saved money may turn out to help you some day when it’s the vital need for your life and then you would be thankful to yourselves. Obligations can help but being cautious is more helpful.

Save Your Money, Maybe It Would Save Your Life!