Saving tips

THE Easter weekend just went by and many of us spent a lot of money on buying necessary items and also spent money on not so essential things.

Many would be short in finances after that.

It is most important to save money. During these hard times, saving money becomes paramount. But saving is so hard sometimes with escalating expenses and new expenses adding while income remains same or has decreased. Added to that is the attractive pull of special deals and temptations.

Unexpected events can put a strain on any person and if it requires spending, the burden gets heavier. So it is better to save even if it is a minimal amount. Even saving a little bit is big. The simple practice of setting aside any amount of money has the potential to enrich our lives in ways later on in life.

One saving tip is to collect $2 coins. When you go shopping or spend money, you may receive change; and in the change maybe some coins. Try to put the $2 dollar coin aside and into a 500ml Powerade bottle wherever possible. Keep putting the $2 coin into the bottle as much as possible whenever you can. You will be amazed that when the Powerade bottle is full to the top, it contains a total of $500, which is a large amount. You may try with other coin denominations of 20 cents and 50 cents also.

Try this saving tip and it may help you when you are in need of money sometime later in life.

T. T. Munger, a research scientist, has said very aptly:

“The habit of saving is itself an education; it fosters every virtue, teaches self-denial, cultivates the sense of order, trains to forethought, and so broadens the mind.” So save money and it will save you someday.

BHAGWANJI BHINDI

Nasinu