There are times when we will all be faced with a choice
, to save our money for the future or to spend it for today.
So, let us take a look at these options really fast.
What do you get when you buy something you don't need by you want?
You get whatever it is that you were able to buy with that money. However there is a problem here, and that is that it just doesn't last. When you spend money you don't have that money any more.
Whatever you buy is probably not going to retain any value. There is no value to eating out every day as opposed to eatting at home. That extra money might as well be flushed down the toliet.
We are creatures of habit, so spending will only lead to more spending. As we run out of money we need more to buy new pointless stuff so we have to work harder and harder to satisfy our needs.
On the other hand if you save that money instead of buying something that you don't need what do you get?
If you do decide to save your money instead of spending it then you have the advantage of having some extra money on the side to help you out during hard times. You can even decide to invest your money into things like dividend paying stocks and grow your money over the long term.
Being creatures of habit works for us in this sort of circumstance. Saving and investing your money leads to more saving and investing which can lead to a lot more money and eventually it can even lead to financial freedom, which is a great thing.
I'm not saying that you should live like a bum on the street but with a big bank account. No, take care of your bills treat yourself sometimes. But don't make it a habit, saving money should be the habit to reinforce.
Generally saving money helps you to build your wealth and to get yourself to a much better place. Spending your money on pointless stuff works against that purpose and in most cases is just as bad as throwing it out the window or flushing it out the toilet.