6 (worthless) excuses for not saving money

I'm an advocator of saving money. I always remind people whenever possible to save as much money as possible for a rainy day or for their own retirement. Hey, you can't work forever right? Sometime, I see old people toiling away when they should be resting at home, playing with their grandsons or daughters. Even going for a holiday etc. At our golden age we should be enjoying ourselves. We work hard almost everyday and it's time to taste the fruit of our labour. That's my plan anyway. I don't want to be still working when I'm old. I'll rather enjoy my golden age doing the things I love. You should too!

So, to me, savings means a lot. I also know people keep giving me excuses about how hard it is to save. When, it should be easy. All of us can save. Even if it's a small amount. When you add it all up or when the time come to retire, you'll have enough to enjoy it for the remainder of your life. Ok, you might not get to enjoy your money if you die young. But, still putting aside $50 - $100 per month won't hurt right?

Let's do some simple calculation base on the savings of a $100/mth.

$100 x 12 mth = $1200

$100 x 24 mth = $2400

$100 x 120 mth (10 years) = $12000!!

Hey, not bad right? Of course, it will be good if you could save when you're young and healthy to work. It will also be great if you could save more per month. The more money you save, the more savings you'll have by the time you're ready to retire. Think about it.

A friend once told me how he scrimp and save about $1000/mth so that he could save enough to get married. Let's see how much he saved within 2 years!

$1000 x 12 mth = $12,000
$1000 x 24 mth = $24,000!

Within 2 years he would have $24,000 in his bank account! Wow!

Of course, he had to scrimped and saved like mad to earned that amount but hey, sometime we waste our money on useless things anyway which we do not need and always buy on impulse. I know, I'm one of them. Recently, I only thought about savings. If ahem, I had started a bit young I would have saved so much more. Enough, to go for holidays every end of the year.

What's more even if you spend there's still so much more left in your bank account and you're entitled to enjoy part of your money right? It's important to budget your account every end of the year. So you know where you stand in regards to your financial.

That's my take on savings. I decided to type about this subject when I read the headline "6 (worthless) excuses for not saving money" in my mailbox. So, I decided to share it with my friends and to those of you out there that keep holding off saving money. Now, there's no reason!

Do yourself a favour and Click here to read the article!

Have a good read!

Oh yeah, happy Deepavali to our Indian readers and Happy Hari Raya to our Muslims brothers and sisters. Two more days till we finish fasting for the whole month of Ramadhan. Hope you achieve your target for this year ramadan.

Peace is the only solution to our world's problem today. Salaam..