Why save money?

 

Money plays a very important role in our life. We need money to sustain our living. We use our money from day to night. When we go out from the house, we must pay for transportation fees, petrol fees, groceries, food, and the list goes on. We live with money. 

                We work hard to earn more money so we have money for a living. When you received your monthly salary, most people will be trying to spend all of the money to enjoy life. Work hard, play hard right? But have you thought about your work?  Is it the work you like the most? If you wish to change to your favorite job, do you have any concerns about your financial status? Think about it.  Some of us don't dare to change because financial status is the biggest concern.

      It is undeniable that money is attractive because it brings happiness to us. we have to travel around, eat good food and enjoy our life with money.  But one day we decide to quit our job, do you have money to sustain your lifestyle? No.Why? Because we are dependent on the company. If one-day company decides to close down or reduce its business, then you may lose your job. It takes time to find a new job and sometimes the waiting time is too long. 

How to live when we don't have a job? Use our savings. Therefore, we should start to save money by investing! 

    Why save money? We save money so we have money to invest. Investment is important because now the inflation rate is high. The price of the products increases by 3% - 4% every year. If we put money in the bank, our money value decreases with time. 

As a result, our spending power decreases significantly. 

We must invest so that our money value can grow higher than the inflation rate and have more money for retirement and travel around the world. 

        There are many types of investments such as property, tangible products, stocks, and funds. If you are a full-time worker, I recommend investing in a mutual fund. Why? This is because you can have a good return on investment and at the same time focus on your favorite job. It is good when compared to the stock market because less learning curve and more time for your family and hobby. 

In conclusion, Saving money is important because it can protect your money against inflation. Investing in mutual funds is suitable for working adults because we can earn a good return with less learning curve. 

Happy reading!