Saving from your income never come with ease, but it is all to your individual benefits and in order not to regret in the future.
Every Individual who has a income to earn have to save in order not to regrets in the future , and different benefit moreover especially for foreseen expenses , but here are some reason below why you need to save from your earned income.
1. To Avoid Future Regrets.
Future regrets is simply a disadvantage and unbenefits that cannot be seen but only few time to come and it is in two perspective as explained below.
Many people who are retired , sacked or who has resign from their job which is their source of income are majorly regreting now , because there was no savings during the time they are working and earning their income, but In some people's case it is vice versa , many have avert the future regrets by saving from their income during their service in work , time of earning big income and so on.
2. To Settle Unforeseen Expenses.
Unforseen expenses is simply money spent out or services in return when you cannot predict , emergency need and so on.
Your savings is like your financial power house and a income saved is just like a income earned , and it mostly in likely cases that your power house should be charged and this is when you cultivate the habit of good savings , but it will be in vice versa if the power house is low because your saving habit is bad , however the cases might be , you can only settle unforeseen or unforetold expenses when the financial power house is high , when you can dip hand into your saving to settle it , and this is one of the reason why you need to save from your income.
3. Freedom To Live Well
Regular saving is the way of building gradual wealth , saving has helped a lot in my life journey and this is simply because I have cultivate the habit , the freedom to live well is in the power of savings and below is the practically example.
Mr Kola has saved up to #3,600,000 (Three million & Six hundred Thousand Naira) at Age 45 from his earned income of 100,000 for some years now , he started the work at age 35 , and no he couldn't predict as something unfortunate happened in his place of work , eventually he got sacked , he took his money from the bank , where the end of every month he saved #30,000 , after he took the money he started a Good business with the Three million Naira and made some end meet renewals & bought some life suitaining provisions with the remaining 600,000.
The business he stared deliver an earn as little as #30,000 to #50,000 on it , probably now he has a freedom to live well.
Now the main point of this little story is that , if he didn't have saving , where will he had put his hope in? and what has this saving done to his life , let me live you with that question.
