Why Save?

We instantly get the urge to spend as soon as the revenue is created. Why is that? With Amazon, Craigslist, and Facebook Marketplace right at our fingertips, how is a person supposed to save? A wise man once said,” Save your money because one day it might save you.” I never really knew what he meant by that quote, but I did start saving like the Wise Man suggested. There are so many different ways to save money, that I don’t understand why more people don’t do it. Anyone can open a bank account, and if that’s not for you can always put a small amount of money in a secret spot every so often and just let it accumulate. As young adults we naturally want to spend but I’m telling you saving can be just as exhilarating

So, let’s talk about your spending habits to mold your saving habits. The second you get some form of income, you instantly think of something to buy. It’s not your fault! We are constantly advertised to buy something almost at all times and on top of that, we have the technology to buy something anytime we want to. We all have bad spending habits. That’s the problem but saving is the solution.

  There’s is as many ways to save money as there is to spend money. I personally have multiple savings accounts, including stock apps and the usual bank accounts. According to google there are atleast 10 apps that can help you save money. I deposited 20 dollars into a savings account on this app called acorns on May 24^th,2019 today that 20$ is worth roughly 170$.  Acorns is an app you can download on your phone and it helps you save your spare change and take the spare change and invest it into the stock market. Another one of my favorite saving tools is Robinhood. With the right research and timing you could get rich on Robinhood. Just like the younger generation is being targeted to spend we should be targeted to invest. We know whats going to be popular before the main industry because we set the trends that we follow. That’s what fluctuates the falls and rises of stock prices, popularity and progress. Lets be honest. Who knew that the trillion dollar company Apple was worth a trillion dollars in 2007? We did. The young generation who embraced the touchscreen, and religiously embraced every Iphone ever. What about Facebook, Amazon, Microsoft? If we all knew of the money we could have made if we bought 20$ worth of Apples’ stock 5-8 years ago, don’t you think you would have saved something. Just think, what if you bout 10 shares of apple when the first Iphone came out instead of buying a Iphone? You’d have more money than you do right now.

You never know when its going to rain but your going to be stuck in the weather whether you like it or not. This is where saving that little 20 here and 20 there comes in handy. Or that 20 that you put on Acorns or Robinhood and is now worth 50$, will come in handy big time when you’ve used your last bit if pocket change on an unforeseen life crisis. You need to have money put up for insurance. Anything can happen where you could instantly need 50$ or you could need 50 thousand dollars. If you spent your money as soon as you got it, well what would you have? A wise man once said save your money because one day it might save you,” and that’s my advice to you, save your money because one day it might save you!