What motivates you to make the personal savings?
- Thread starter Stardom22
- Start date
I am motivated by my desire to be financially stable and independent. I never want to depend on anyone in future for money especially when it comes to basic needs and small wants. I want to be able to afford what I need and have money to make more money.
I save for many reasons. I save for traveling, buying something I want and to prepare for rainy days. I also want to be financially independent.
I think the biggest thing that motivates people to undertake personal savings is the goals that they have set to achieve. For me, I desire my personal house and that is why I am aggressively saving.
While I was in the hospital, I made a decision to start saving money. When I asked my family for help, they got upset with me. After that, I made a promise to myself that I would not ask for any more favors. Instead, I started saving and investing for the future.
When you save money, you have the option to invest your savings in the right manner. This is something many people should realize and this is what motivates me to save more and more money.
My biggest motivation for savings is because I want to use the accumulated funds to expand by business.
Well, first it’s about creating a financial cushion for any emergencies and second it’s about being able to pursue interesting opportunities without worrying about costs. Plus, saving for future endeavors such as vacation goals or new pastime goals helps to motivate me.
