About Savings

When a person is talked to about saving, they immediately think about the debts they have, and it seems absurd to do so if those funds can be destined to getting out of those debts. But we still anyways tell ourselves, “if at the end of the month, after having paid off all the bills, the expenses for the house, and if no emergencies come up, then, if there is any left over, I will place it into savings”. In most cases this method had never worked because new attractive and “obligatory” situations will arise for one to spend it all and the results at the end of the month is negative. It is very common to behave this way. The big problem is that one can spend their entire lives waiting to pay off their debts, since they will always have new ones while they are alive. For a number of years we will have tried different methods and systems with the objective of controlling our spending, in order to achieve putting away a certain amount towards savings. It would not even be weird that we would have tried to do the math on the computer, to only find out that at the end of the month, with impressive exactitude, how even the last cent was spent, but we are never able to make this system work for us to generate an amount towards savings. A system that brings about results in the practice consists in putting aside the amount that one wants to start saving at the beginning of the month, since in this way we face ourselves with the weakness of our human nature, that will try to betray the proposed objective, going through and exceeding expenses that were destined to savings. A person is mentally programmed to first pay off the debts, at the moment of receiving the salary at the end of the month, since the “system” will not give him truce, forcing the person to keep up with the every day payments of acquired commitments, or else, be expelled from it. When we receive our payment, this fear causes us to pay everybody else except ourselves, and we are precisely the ones who worked so hard to earn that money. Remember that it is legitimate that a part of what one has worked for remains with one so that he or she is able to save it.

Beginner Money Investing The Trap of Spending & Accumulating Debts Choosing to Save or Spend Money Having an Appropriate Dimension in Life Gaining Control of Your Debts Paying Off Credit Card Debts About Savings