savings plan<\/a> achieves goals.\u00a0 When we have S.M.A.R.T. goals \u2013 which are specific, measurable, achievable, realistic, timed \u2013 our plan is more like to end favourably.\u00a0 Stick to the plan and realise your dreams.<\/li>\n\nSaving is a vital money management skill<\/h3>\n
Even though it may not feel like it, being on top of your saving strategy is just as important a skill as managing monthly expenditure.<\/p>\n
Earning more leads nowhere if your disposable income increases at the same rate as your spending.\u00a0 Earning more should rather lead you to save more, which opens up opportunities for the future.<\/li>\n
\nSaving money is lucrative<\/h3>\n
Savings lead to wealth \u2013 real and lasting wealth.\u00a0 Sustainable wealth is the key to increasing living standards for future generations and securing financial comfort in your old age.\u00a0 Saving also enables new ventures, great ideas and lifelong dreams to come into being.<\/li>\n
\nSaving encourages long-term perspective<\/h3>\n
When we sacrifice now in lieu of future financial independence, our perspective shifts from staying afloat to building a life boat.\u00a0 It helps us create a long-term perspective, encouraging delayed gratification for the sake of future success.<\/p>\n
The execution of a long-term plan is a way to stay motivated and involved in the practical steps of each day.\u00a0 Focus on sustainable growth, rather than becoming disappointed when you notice no immediate improvement.<\/li>\n
\nSavings creates breathing room<\/h3>\n
When we have a savings buffer zone in our personal finances, the unexpected isn\u2019t nearly as terrifying.\u00a0 Saving creates room for the unknown, taking the pressure off disposable income.\u00a0 It is a platform from which to deal calmly with what life throws at you.<\/li>\n
\nIntentional saving is positive for the soul<\/h3>\n
Once we forget about the little things we are giving up this month in order to save, our efforts produce a sense of achievement.<\/p>\n
We feel vindicated when it comes to watching our savings grow, or when we are able to cover an emergency expense situation using some of the savings accumulated so far.<\/p>\n
Financial independence feels absolutely wonderful, especially when it has taken a measure of hard work, commitment, sacrifice and self-control on our part.<\/li>\n
\nDepleted savings make everything else more difficult<\/h3>\n
Stating the obvious, a zero balance on your savings account makes dealing with emergencies completely impossible; and stressful.<\/p>\n
Diligent saving may seem like a tedious exercise, but the extra cash will surely be appreciated in times of unforeseen need.<\/p>\n
Even if it is not enough to cover the entire cost of the emergency, it creates a buffer and ultimately decreases the amount you may have to borrow.<\/p>\n
It decreases the potential interest portion, therefore, you may need to repay over subsequent months and years.<\/li>\n
\nSaving and investing takes time<\/h3>\n
Any long-term strategy requires patient endurance before any results become evident.\u00a0 Keep going.\u00a0 Saving and investing will reap marvellous benefits for you and your family, but it needs time to grow to a level that is worth talking about, especially when contributing only small monthly amounts to the resource pool.<\/p>\n
It is easier to notice quick results when you invest a lump sum.\u00a0 Even large amounts, though, need time in the market to move in the right direction and smooth out kinks caused by unpredictable marketplace events.<\/li>\n
\nSavings create higher standards of living<\/h3>\n
Wise and intentional saving strategies have the potential to catapult an entire generation onto a higher standard of living.<\/p>\n
Suddenly, without noticing it, your family\u2019s financial position plateaus onto solid ground, even in times of a personal financial emergency or economic crisis.<\/p>\n
You will reach this point, and it will be worth the months and years of intentional saving, which may have taken sacrifice on your part.<\/li>\n<\/ol>\n
How successfully have you managed to save money in the past? It is never too late to implement a new strategy for savings and investment.<\/p>\n
Reassess your personal financial position regularly and make it a top priority to be intentional about measured savings (before deductions have eroded the money pool). Saving opens doors!<\/p>\n","protected":false},"excerpt":{"rendered":"
It\u2019s the beginning of a new month again. Payday was already a week ago and the wallet is emptying fast. … <\/p>\n
Read more10 Ways Intentional Saving Opens Doors<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[46],"tags":[],"_links":{"self":[{"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/posts\/1270"}],"collection":[{"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/comments?post=1270"}],"version-history":[{"count":4,"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/posts\/1270\/revisions"}],"predecessor-version":[{"id":1350,"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/posts\/1270\/revisions\/1350"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/media\/1336"}],"wp:attachment":[{"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/media?parent=1270"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/categories?post=1270"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/littleloans.co.za\/blog\/wp-json\/wp\/v2\/tags?post=1270"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}