Money Saved is Money Earned.

India
October 9, 2010 11:57am CST
Money saved is money earned. In fact, Saving money is the key to financial success. It seems obvious, In order to save money, you need to have extra cash. Right? This is a common belief or misconception. Having a budget and spending plan, can help you creat money for savings. I suggest you to create an Income and Expense Register and put down all your Monthly Income, Daily Expenses and Monthly Expenses and find out how much savings you make each month. Once you create your actual Database of Income and Expense over few months, analyse your income and expenses and see where you can increase your income and where you can reduce your expenses and how much more you can save from your existing resources. THIS SAVINGS WILL BE YOUR EXTRA INCOME YOU EARNED FOR THE MONTH. Always remeber, money saved is money earned.
4 responses
@gabbymg (127)
• United States
12 Oct 10
This is very true, however it's important to once in awhile spend some of that money on something you don't need. I think you need to save in order to have earned money, but if you save every last nickle and don't enjoy life, you're not going to stay motivated to save.
• India
15 Oct 10
Saving money does not mean, you don't enjoy life. You can cut excess expenses or budget your expenses to save money. After all, if you don't save and don't have enough money, would you be able to enjoy?
@douwie (83)
• United States
9 Oct 10
sounds good but if you save on all the fun things in youre life you will have a really boring life , youre maybe rich but youi dont have fun... so i just do what i want and i have fun!
• India
9 Oct 10
Remember, there won't be any fun without money. If you exhausted your resources, you will also lose your fun. One has to optimise everything.
@puccagirl (7294)
• Israel
9 Oct 10
I do agree. Especially if you make your savings automatic. This has worked wonderfully for me. I never even see the amount that is taken from my salary to my savings account, so I do not miss it at all. I also save change, and this really adds up for me! So I can highly recommend both these ways to save!
@vbpujara (646)
• Rajkot, India
10 Oct 10
I think Saved money can be a real income,If we earn money and spend all amount there is no meaning we have earned money.