10 Reasons to Love Saving Money Spending hard-earned money often seems so much easier -- not to mention more exciting -- than saving it. But saving money is well worth the effort. Here are ten reasons to love saving money: 1. Savings reduce your stress. I know from experience that living paycheck to paycheck can be extremely stressful. Extra expenses can feel like a crisis, consuming your mind during the day and causing you to lose sleep at night. Having an emergency fund in place can do wonders for your stress level. Knowing that if your car breaks down or your furnace needs repaired, you can pay the bill without worry is priceless. An emergency fund allows for options. Recommendations for emergency funds vary wildly, but generally range …show more content…
You may be eligible for a tax credit for saving. In the U.S., savers with low to moderate incomes who save for retirement through IRAs, 401(k)s and a few other vehicles may be eligible for a specific tax credit known as the Saver’s Credit. This can be a credit of as much as 50 percent of your contribution for those on the low end of income eligibility. The Saver’s Credit had a maximum adjusted gross income of $61,000 for couples married filing jointly in 2015. For more information, check out details from the IRS. 6. You can more easily say “yes” to new opportunities. Another way savings increase your options is by allowing you to pursue new opportunities. If you want to live closer to family or to accept your dream job, moving may be a doable option with savings and a non-starter without. 7. You can enjoy the anticipation of spending your cash. While this might sound strange at first, a major part of the fun of experiences tends to be the anticipation. Saving money is not really an exception. Once you start saving towards your goal, you think about reaching it. If planning for a big trip, you may get a thrill out adding to your savings each month, imagining the sea breeze and sand beneath your toes. Or you might envision all of the ways you could spend the cash you’ve
If I did that it would be like a awesome gift. Easy money that you "forgot" that you had, when you do get it. It could really help when your income isn 't as high as it used to be when you were setting this money
401K Retirement Savings Account is needed for the employees and their families. It is needed because it helps the employee save money towards their retirement before taxes are taken out reducing your tax bill for the current year. As our employee, you have the option to control how your money is being invested through a spread of stock, mutual funds, money markets and etc.
Do you ever see a penny on the ground but don’t pick it up? That’s because many people believe that it’s not worth the effort of stopping and bending down just for one cent. The value of the panny has stayed the same, but nowadays people see it as much less, almost to the point of uselessness. Getting rid of the penny could cut back on the usage of valuable resources, such as copper, and it could reduce time wasted every day when cashiers and business workers count pennies at a cash register. I believe that getting rid of the penny could eliminate problems that the near- worthless one cent piece has created.
Four years later, I am still an avid couponer. Over the years, I’ve accumulated tens, maybe even hundreds, of receipts recording how much money was saved on each trip. I often look back at these receipts and feel good about all the money that I had managed to save and deposit into a savings account for college. It gives me a sense of responsibility that not many people my age can say that they have experienced.
Works Cited Bradley, Elizabeth H., Lauren A. Taylor, and Harvey V. Fineberg. American Health Care Paradox: Why Spending More Is Getting Us Less. 2013. Print. This book is interesting.
Others say, saving up pennies for a considerable amount of time can lead to a decent payout in the long run. The effort to carry this large amount of pennies
Many people did not save because they had jobs that paid little, and all the money they made barely made it so that they could pay all the needs they needed to live for. On document 2 (DBQ) it states that “a regular saving of fifteen dollars a month” can help you in the long run, “at the end of twenty
Our family has been saving up for a Disney World trip when our daughter gets old enough to really enjoy it. To make this happen we have committed to cooking at home instead of dining out like we usually do once per week. We set the money aside that would have been spent on dinner and we put it in our savings account. We also have decided to cut our shower time down by a few minutes to save money on our water bill. One other sacrifice we’re now accustomed to is saying goodbye to cable television.
I started taking saving money very seriously. I eventually had a stable bank account from working more and didn 't spend money on just anything. In the past year I became a young adult. I learned about the responsibilities of a mature, working, teenager.
rough draft when i was little, i didn’t care about spending money, but now that i 'm older i am more careful about my spendings. when i was young, my parents gave me all i wanted and i didn’t have to pay for my own things which was really great for the longest time. my parents got me the things that i wanted like clothing,games,toys and they gave me money every now and then for school and other things that i wanted so i got money easily and i can spend it on anything else i wanted. now that i 'm older my parents rarely gave me money and if they did it’s because i’m going somewhere or doing something . they want me to make my own money and make me feel more responsible about it which at first i thought it was a stupid idea and there
Aside from using money for basic needs, money can also buy happiness by allowing one to buy time, live life to the fullest, and live freely without having to worries. First of all, money can buy you time, time is definite and stubborn, meaning that time time is constantly moving forwards and does not stop for anything. There is only so much of it, and no matter how long we complain about not having enough, it will never give us a 25 hour day even when we turn in our request for more time to finish a project before the deadline. According to an article in the Time magazine Dan Gilbert, Harvard University psychology professor said, “ Use your money to buy moments and not stuff, the key is to spend your money on experiences and not material things. Memories of people, places and activities, however, never get old.”
What money can do for you is what is really important. Money gives you freedom and choices. What I learned from my investment classes is that investing is important. If you keep your money in your back pocket instead of investing it, your money doesn't work for you and you will never have more money than what you save.
Going to college may not be the best choice for everyone, but it can provide many great opportunities for the future. Young adults who attend college could potentially earn more money, have better job opportunities and learn some responsibility while living on campus. Life is not all about having or making a lot of money, but it can make life better. Money is used in our everyday lives and is needed to support us. When students decide on their major, the choice may come from how much money is made in that job industry.
There must be things laying around your house that you have no clue why you bought them and there must be other important things for which you need to save your money. Follow these tips to save yourself from doing unnecessary expenses and protect your earnings. 1. Set savings goals-
But even when our economy gets better, wouldn 't it be nice to save money on all the things we need? Wouldn 't it be nice to have an a few extra thousand dollars in our pockets each year? Well, you certainly can! The best part about it is it 's incredibly easy to do!