Why you need to prioritise savings?

[Reedex]

It is very essential to prioritise savings by setting aside a percentage as savings in a month . It could be 10% or 20% of your income that you want to set aside as savings and it is very important that you should keep doing this on a monthly basis.

 

[Edulady]

I love saving but I love Investing more. I am more of a risk.taker.. but I do save but not as much as I invest

 

[Chibson]

Yeah, it is always very important and necessary to have savings. Even if you are going into a business you don't need to invest all your money. Saving some percentage is important.

 

[uptrendfinancialsignal]

Savings are necessary because of unforeseen occurrences.

 

[Magnus2022]

Saving is very important but my problem is that I have huge debts I want to offset first before starting to save. I find saving very difficult but I believe I will definitely start saving very soon. Before next three months I must surely start to save.

 

[Chibson]

Saving is very important and necessary. I always advise people to save at least 20% of their monthly income. This is because it can be used as a backup.

 

[Springtime]

Yes, I set aside a percentage of my income as savings on a monthly basis. For other extra money, I look into buying stocks which I think would give me good return.

 

[Niyi Briggs]

Savings doesn't just benefit the person that saves, it also benefits the economy. When someone saves, banks have money to give out as loans to manufacturers. And this would boost the gdp of the country.

 

[Golden9]

I used to emphasize savings, but I found out it was to the detriment of my physical health sometimes, or having a good standards of living. I now want to focus on earning more instead

 

[Niyi Briggs]

I used to emphasize savings, but I found out it was to the detriment of my physical health sometimes, or having a good standards of living. I now want to focus on earning more instead

So are you now investing? Either wayz you don't have to spend all the money you earn, no matter how little or huge your salary is. It is either you invest or save. All of the two is to safeguard against the rainy day.

 

[Blessed19]

It is very essential to prioritise savings by setting aside a percentage as savings in a month . It could be 10% or 20% of your income that you want to set aside as savings and it is very important that you should keep doing this on a monthly basis.

Well it is easier said than done but to be honest it is very good and important for anyone at all to plan in terms of saving money from their income on a monthly basis as that saving could actually save them some day or it could be used to make some investments that will grow the money saved at the end of it all and I believe you are doing what you post up here.

 

[Bisolami]

It is very essential to prioritise savings by setting aside a percentage as savings in a month . It could be 10% or 20% of your income that you want to set aside as savings and it is very important that you should keep doing this on a monthly basis.

There are times when emergencies will come up and we need to save for such things. It is only money that can save us from such emergencies so it is important to save

 

[Bango]

this is very important. We do not know what will happen in the future, especially people who live in tier 3 countries. Living in this countries is different and there are many economic problems

 

[uptrendfinancialsignal]

There is need to prioritise savings in order to make and informed investment decisions.

 

[eldavis]

This is very true, though they would tell you that you cannot get rich by just saving, you need to invest. While investing is very important, the same goes for saving. This is why i try my best to do both.