The advantages/benefits of saving money
It is not by default that money permeates every facet of our lives. Money, as you already know, affects all the decisions we make as human beings. Money influences the kind of home we build or buy, the kind of car we drive, the kind of career we ultimately pursue, the places we go to vacation, the kind of food we eat, the street we live and so on and so forth. Lack of money can lead to immense stress and this explains why some people are willing to go to whatever lengths to acquire lots of money. However, unfortunately, the quagmire we found ourselves in as regards money is more often than not a total summation of our money spending habits.
Most of us use money haphazardly without giving much thought to what might happen tomorrow when you don’t have the luxury of the money we have today. People who are financially secure tend to have peace of mind, sleep better at night and generally have less stress levels. With that said, what are some of the benefits or advantages of saving money?
Saving money is a fun activity
While getting started might be a difficult endeavor for most people, there is no denying that the very act of saving money is a fun activity in itself. 81% of consumers find it fun seeing how much they can save with loyalty cards or coupons. Saving money reduces stress levels and accords us piece of mind in the knowledge that should anything happen, we are safe.
Saving money makes us feel empowered
How are your confidence levels when you know you have money tucked away somewhere? Now think of how confident you are when you are broke and with not a single coin in your bank account. The truth of the matter is that having some savings makes you feel empowered. It gives you the confidence and the peace of mind that should anything happen, you are cushioned and therefore have nothing to worry about.
Saving money makes you feel somewhat saner
The truth of the matter is that having no savings to cushion you in case of anything can make you go berserk. The situation is further compounded if you barely have enough to make ends meet. In this regard, with all the stress levels you could go through, saving money makes you feel somewhat saner and the feeling that you are on top of things. It gives you a better grip on things.
Saving money keeps you from serious medical disorders and conditions
What do you think will happen if you are constantly worried and stressed? The fact that you are living from hand to mouth can be quite stressful to say the least. It could be the catalyst to developing some health conditions such as depression, anxiety, insomnia, heart problems just to mention but a few. To avoid such health conditions, having a safety net in terms of savings is of essence. It is one of the biggest reasons as to why you need to start developing a saving habit.