Saving

Saving means putting aside some of your money for the future.

Think of your money as a box of your favourite chocolates.

You could eat them all at once, but then they'd be gone. Now, imagine setting aside a few of those chocolates. Later, when you're craving a sweet treat or facing an unexpected chocolate emergency, you'll be relieved that you have some left (emergency fund). It's like giving your future self a delightful gift.

Saving is important for achieving your goals and handling unexpected situations - enjoying some of your chocolates (money) today while also reserving some for times when you'll truly appreciate it.

Previous
Previous

Budgeting

Next
Next

Investing