It is not how much you earn but rather how much you keep that matters. A person may be earning $5,000 per month but saving only $100 each time compared to another person who earns $3,000 and saving $1,000 every month! So, don't splurge all that you earn on unnecessary stuffs but do try to save up as much as you can for your retirement down the road. This is to ensure that you retirement years are golden and not woeful with hardly enough to feed yourself or pay for medical bills.
So, it takes a lot of delayed gratification will power to save up and enjoy later and not think of instant gratification like purchasing things on impulse. I used to buy and go shopping every week and purchase things that I don't really need and have to live from pay check to pay check every month. There is not a single savings each month and my bank account may go to single digit at the end of the month. This was when I was working in Singapore, splurging on things that I could barely afford to keep up with the Joneses. Since coming back to Penang, I have saved up quite substantially and no longer squander my money on unnecessary stuffs anymore.
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