We know this year was completely different for everyone. It was not an uncomplicated year, we all had our losses in all aspects, it was a year to learn the value of what and whom we have each day.
We all had to learn with patience and comprehension that life is inevitable and that with it, there are countless changes. Normally, I am not a fan of the tradition of making New Year’s resolutions. First, of all, they are actually just wishes or dreams with no target date. They are usually defined in such a generic way (“enjoy life more”, “learn something new”) that do not involve any specific action you should take to achieve them. It is like trying to win the lottery without purchasing any ticket. And secondly, because even if resolutions were well defined as an achievable goal, they do not have to have anything to do with the calendar year. You should set goals when you need to achieve things, no matter the season it is.
However, this was not a normal year, this year I do have a resolution if you will. I want to improve a skill that is essential for most things I face every day, ‘SAVING’.
Learning how to save money is an important life lesson that gives us a number of benefits throughout our lives by helping us gain financial freedom. While we all know that saving money is imperative; Nevertheless, most of us are unable to save our hard-earned salaries as the idea of stashing away your cash doesn’t offer the sense of gratification which spending does. Saving is essentially setting aside money for future emergencies or purchases. From an economic point of view, saving is consuming less today so that you are able to consume more in the future.
After all, Warren Buffet did say “if you do not find a way to make money while you sleep, you will work until you die”.
Goodbye 2020, rollercoaster of a year that impacted so many parts of our lives. It took a lot out of us, but there were also some silver linings: more time with our immediate families, finding treasured spots near home that we may have overlooked in the past, and a decrease in our daily expenses which helped many of us save more money.
As we look toward better times in 2021, make good use of the money you did not spend over the past year.
If you have a financial plan, revisit your dreams and dedicate resources to start making them a reality. If you do not have a financial plan, resolve to create one in 2021. A plan can help you reach your goals while also preparing you for things that could go wrong along the way.
You no longer need to make an appointment with your friendly neighborhood financial advisor. Keep reading for our round-up of the best money-saving blogs.
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