We all know we need to save if we hope to have a great future, but for some reason there are still a lot of people who don`t do it. Things can change in a split second and not being prepared can make the problem worst than it really is.
Retirement for me is such a far ways away that sometimes it`s hard to think about saving for it. I still think about it since I know I need to put money aside for it, but I much prefer to think about other reasons to save that will bring me more enjoyment sooner than later. Check out some other reasons why I think it`s good to save.
Life is full of wonderful experiences that should be savored. From the day-to-day stresses, the overwhelming pressure at work, and everything else that comes with living in today’s hectic world, vacations are a must. Taking several vacations in a year is great if you have the money. Saving for vacations is the way to go, so your credit cards don`t get racked up. Opening a high yield savings account could be a great option to save those dollars for your next vacation. For more information about high yield savings accounts click here.
You know I couldn’t talk about saving for the future without bringing up emergencies. I`ll be brief here since I know you’ve heard this one a thousand times. I am a big believer in being prepared as much as you can for what life throws at you. Since certain things are bound to happen if you`re human, such as repairs to the house, medical emergencies, job loss, accidents, or substantial car repairs, why not have some extra cash in a liquid fund so you don’t have to borrow the funds to take care of those emergencies.
As I mentioned earlier, retirement is a long ways away for me. But it is never too early to start saving for it, so you don`t have to worry about money when you`re old. Retirement should be a time to do whatever the heck you want whenever you want.
A Dream House
It rarely happens that you get the house of your dreams the first time you buy a house. In most cases, the dream house comes later in your life when you are financially prepared for it. This is another fantastic reason why you should save for the future. If you put aside a small percentage of your income every month, you`ll have enough for that dream house in no time.
What are you saving for?