We all work hard and usually work at least forty hours to make ends meet. Depending on your expenses, some are working two jobs. You get your paycheck and earmarked to spend before you get it. Being able to save a little is not easy on a tight budget. Most people don't have any money saved at all. The less you make, the more it's essential to save money for emergencies. One you make saving a goal, it will happen.
If your income stops, what would you do? If you get hurt and can't work, you need to have money saved to pay your bills.
Budget for Saving
The rule for saving is to have at least three month's amount to pay living expenses. Calculate all your bills for one month, and that's what you need to save for three months. This may be $1,000 or $3,500. Whatever the amount, you need to have at least 1-3 months worth saved. This savings nest egg is very important to start. Putting in $20 per pay period is also good. If you save $20 for one year, you have $480 saved, but your most important goal is to have three months of expenses in your savings account.
Remember how important it is to have some money saved to cover unexpected events if your income stops. The habit of saving works best if you start small and don't miss putting the money in. You don't see it, and then you forget about it as it grows. It's like a seed you plant. It starts to grow. Once you begin to save, it will become easier to do. You will find yourself automatically saving a portion of your money. Saving like this is a great habit that can start young. Teaching your kids how to save is an excellent start for them.
There is a strong connection between being organized and saving money. When you and calculate expenses and income for your budget, you are organizing. You have to be organized to make a budget and start to save. Another benefit of learning to save. Being organized can also improve your life.
The Benefits of Giving
In addition to being able to save money, you need to use your money to help and uplift others. One of the ways you could help someone is by giving them an award. You can give someone recognition for their hard work, a teacher you remember, or a nurse who took care of you. This shows them your appreciation of their kindness and hard work. You can buy them flowers and give them a card with money inside. You could actually get them an award with something engraved on it. Crystal awards from edco.com are beautiful, and the recipients love them. This is a great way to reward that person that has helped you.