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SAVING is the percentage of your income or money you set aside for future purpose in place of squandering it.

Saving has a vital role to play if you want to be financially secure but people find it hard to set money aside monthly. You can be a good saver by reducing your expenses and setting a plan in place to save for the future.

PAYING YOURSELF FIRST is a way to save money and it’s still the best way to save money. Setting a certain percentage of your earning aside which can be between 10-30 percent or even more depending on how you control your expenses. you’re saving for yourself and your future goals before spending the rest on expenses. Doing this seems tough but it’s easy when you put your mind to it. Only when your mind is focused on a particular goal and you take the necessary action that’s when you can achieve it. Anybody can pay his or herself a certain percentage of a his or her earning if the person is unyielding and ready to leave the rat race. When you pay yourself by saving a certain percentage which grows over time, it gives you a level of confidence that you have something to fall back on and you are taking a step of stepping out of the constraint   of paycheck to paycheck.

The only way to grow your wealth is to make saving and spending less your habit and that’s one of the key points that distinguish between the poor and the rich.  When you save, what’s the aim of your saving and paying yourself for? Is to buy assets or liability? Is it to plan for project, invest? Is it to plan for retirement? “Are you planning   on saving for Impulsive buying that don’t add value to you? Your saving is what you do to achieve certain goals in your life and if it’s not achieving the sets goals it’s no more saving but sowing and not reaping. It’s like planting a seed that dies with time because it’s not been watered. When its watered it achieve its aim by growing.

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When you live a life style of debt you are living from paycheck to paycheck with no documentation of where your money goes. When your money is not well managed its fades away or either develop wings and vanishes to who knows how to manage it and you have yourself to answer for it as time passes.

It can be very tempting to purchase something impulsively you want today rather than saving up for it and paying cash for it later. Delaying an impulse buying also helps you decide whether it is something you really need, or a waste of money. Denying yourself of those things to plan, live an organized and financially free life pays a lot later in the future.

Money used to purchase to any asset where there is an element of great investment will make you happy and fulfilled with time. Most times, the investment can be risky or even cause losses but when it bounces back most times the return on investment is huge and it pays off. Shift your thinking from living paycheck to paycheck to start saving and planning your finance to achieve financial freedom and plan with the saving to make it an ASSET and thank yourself later for a life of financial fulfillment and freedom.





RAWLINGS BLOG is about finance, business, short-stories, technology, biography,motivation and personal development. email:Rawlingsunday@yahoo.com FB: Rawlings okpaloafe twitter:Rawlingsunday watsapp:+2347011832778
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  1. jfree007 says:

    Learning how to work with the money you earn is so important, it’s kinda funny how they don’t teach us about money management in school

  2. miranisasmusings says:

    I am finally understanding the need to pay myself first. I just started earning a steady income and it was all spent before I knew it. Setting an expenses limit has changed that. I even have enough to contribute monthly to investment.

  3. BohoVoyage says:

    This is so true! There are too many people who just waste their money… we have to be more self aware if we want stability. Thanks for sharing ❤

  4. Rumi Mahanta Dutta says:

    Good post on saving money

  5. I like this way of thinking.

  6. constance k says:

    Thanks, since becoming a mother suddenly there was an need to save. I am lesrning everyday to dpend what i have instead og running to credit cards

  7. I read an excellent book, “The Millionaire Next Door,” that I highly recommend. The time-tested technique of paying yourself first is an important idea. So is understanding what is driving our consumption in the first place: need or want? For me, identifying what constitutes “enough” makes a big difference in the financial choices I make. Thanks for the post!

  8. Anissa says:

    Awesome I write about the same topic and can’t read enough about it! Great post!

  9. youngtoff15 says:

    Ok, now this is a simple and straightforward article that is packed with good ingredients. Thanks for sharing your experience and knowledge, I really find this piece resourceful!

  10. Theresa says:

    Great post on saving money and paying yourself first. Being frugal sometimes is really helpful, but being selfish is different. I mentioned this because I myselff, sometimes envy those people who are really thrifty and very frugal. I tend to spend whatever I have, either by giving, sharing and buying stuff that I dont really need. I have overcome that issue in my life now. I am more aware on how I spend and learned to pay myself first. Thanks for sharing!

    • Am really happy for you that could different between being frugal and being selfish and went on to become financially aware of where you are at that point in your life and made an effective change. That’s great.

  11. Davisfierce says:

    I definitely need to learn to save more, thanks for this

  12. Pato's says:

    I knew this, but reading it put so clearly is helpful to reset my mind-set and get to saving! Thanks!

  13. Sodiq says:

    I feel like the post is actually talking to me specifically. I started saving few bucks since July, thank God i made the decision then, now i have a huge opportunity in front of me that requires alot of money

  14. Chander_Ajay says:

    This is really very great article and I really appreciate your thoughts of expression. Yeah what you said here is right

  15. Ema says:

    It is hard to save money, i mean, these days there are so many distradtions in shops that you must have..But i’ll try to start saving..i’ll

  16. Leo says:

    Lord I definitely need to save

  17. shuma says:

    Being financially aware can lead to the financial freedom you seek

  18. ellypaunoska says:

    Great post, i found myself in this.

  19. Great tips on saving money.This is much-needed information.

  20. I totally agree. I am trying to save a ton of money from my paycheque so that I can invest and grow my money passively.

  21. holMedia says:

    Great insights! when a family starts growing it gets a little more difficult! nonetheless, saving is a MUST!

  22. Wow. Very interesting. I have to learn to pay myself.

  23. enjoyingthedays17 says:

    It really is important to save. Thank you for pointing out the pros and cons!

  24. Money is a very useful tool to get our necessities. We must have enough money to prepare for the worst possibilities in the future.

  25. Thank you for sharing! I understand the need to pay yourself first but sometimes I need the money I payed myself with to pay bills! I am wondering if I should just stop touching this money

  26. Fonix says:

    Yep Is quite good to save for feature expense, experience taught that lesson and i won’t neglect it

  27. LuxeBudget says:

    Thanks for the great info! Saving is so important is I don’t think enough people know how do it in a way that works for the long term. Thanks again for the great read!

  28. Sydney Meek says:

    Thanks for sharing this! It’s so tempting to splurge when pay day rolls around, but controlling our spending turns into an investment for our future!

  29. Binod Elance says:

    thank you for sharing

  30. I defitnely follow the pay yourself first rule. If I can pay all my bills on time, I can pay myself too!

  31. Investment says:

    Hay Rawlings, you have nicely put before the world the need of saving. Your article made me realize that today’s saving is tomorrow’s investment. You have taken great efforts to put things together. Thanks for sharing.

  32. Yulianna says:

    Great post! Thank you for sharing it with us!

  33. vicky says:

    Hello Rawlings. this is such a great post. if everyone is to read this, then our future is guaranteed to be bright. excellent job

  34. wetraveltoo says:

    Great! It seems you read the book “The Richest Man in Babylon” by George Clason who simply said “The secret to personal financial success is believing and practising this axiom: Part of all you earn is yours to keep. Learn to live on less than you make and save the balance for yourself.” This is such a helpful and practical book, everyone should read. And you should mention about it too. All the best!

  35. khiatons says:

    I save but have a plan to save more and get more ambitious with me retirement investment program.

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