Importance Of Saving Money

Written By Ravinder Kumar on Friday, January 21, 2011 | 9:35:00 PM

Importance Of Saving Money


You want to realize the significance of saving cash. It’s a good idea to have some cash stashed away, as in life, we don't know what the future might bring, what emergencies are inevitable that require us to splash some cash. By putting money aside, you’re insuring yourself against any unexpected event.


When you do start saving, and have a reasonable amount saved, even if just to cover a months worth of expenses, you’ll feel an excellent sense of accomplishment and a drive to save more. Gradually building this up gradually, you’ll feel more at ease with your life, as you’ll be aware that if for whatever reason you did happen to lose your job, you'd be prepared for a certain period of time, rather than panicking, wondering how you were going to pay the next upcoming bill.

An important factor in saving cash is identifying why you’re saving money to start with. Maybe, it’s as I suggested in the earlier paragraph, you’re saving as you would like to be able to cover yourself in an emergency, or maybe it’s something entirely different, e . g ., saving so that you can go on holiday to a destination you’ve only dreamt about. In spite of the reason why, stating it, writing it down, and keeping it fresh in your mind will help you in staying on the right track. When beginning to save, I’d highly recommend before saving for any particular item, that you save for you first, so saving for an emergency fund, which acts as your safety net. In my opinion, you really want to aim for about 6 months worth of bills, that ought to offer you ample time so that you can find another job.

Once you’ve reached your safety net, I then personally recommend to start saving for your retirement, together with anything else in which you desire to save for. I save for both at the same time. I have my emergency fund already sorted, so I’m now splitting my salary, and putting some of it aside into a retirement fun, and some of it towards my holiday to America.

Once again, it’s also vital that you set realistic expectations. There’s not any reason for stating you will save 50% of the next wage, if you frequently find yourself broke a week before the next pay day. Doing this is setting yourself up for failure. Instead, set a target that you know you can actually keep, yet which assists you on your way. Not too small a goal, however, not too big either. Each pay check I receive, I automatically take a 10% cut off and put into my retirement fund. I then take another 5% and place this into my holiday fund.

A combined total of 15% month after month in savings. This is a low figure, and when you factor in that I’m saving money elsewhere, i.e. I will no longer buy a coffee on the way to my job, after just a few months you’ll notice a large improvement in your financial situation.

My Final piece of advice when endeavouring to save is to pay yourself first. Paying yourself first basically means that before you spend money from your pay check, before you decide to pay any bill, or buy any item of food, the first payment from your account needs to be going out of your account, into a savings account.

An effective way I've found of managing it is to setup an automatic system with my bank. I performed this by creating another account, then letting them know that by the end of the month, that's the day where I get paid, I would like some money to go out of this account, and to be sent to my new account. This takes place each month automatically. Therefore, I’m saving my money every month automatically.

I really hope you’ve found this short article a fascinating read, and that it may help you on your route to financial freedom.
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Lake Huron is one of the five Great Lakes of North America. Geologically, it comprises the larger portion of Lake Michigan-Huron. It is bounded on the east by the Canadian province of Ontario and on the west by the state of Michigan in the United States.
Lake Huron is the second largest of the Great Lakes, with a surface area of 59,596 km2 making it the third largest fresh water lake on earth. It contains a volume of 3,540 km3, and a shoreline length of 3,827 m.
Like the other Great Lakes, it was formed by melting ice as the continental glaciers retreated toward the end of the last ice age. Before this, Lake Huron was a low-lying depression through which flowed the now-buried Laurentian and Huronian Rivers; the lake bed was criss-crossed by a large network of tributaries to these ancient waterways, with many of the old channels still evident on bathymetric maps.













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Tottori Sand Dunes: A Mini Desert in Japan

Tottori Sand Dunes: A Mini Desert in Japan

Who would have thought there is a desert in Japan? Well, not quite a desert but a huge sand dune that looks nearly a desert to me. It’s the Tottori Sand Dunes located near Tottori City in Honshu, Japan. The dunes stretch along the coast east of Tottori City for 16 kilometers and extend up to 2 kilometers away from the coast. The dunes are spread over an area of 30 square kilometers – not like the Sahara, but not small either.

The Tottori Sand Dunes were created by sediment deposits carried from the Chugoku Mountains by the Sendai River into the Sea of Japan. Sea currents and wind help bring the sand from the bottom up onto the shore, where the wind constantly rearranges their shape. The highest dunes reach around 90 meters above sea level and can reach 40 degree slopes. Technically, its not a desert but the temperature of the sand can easily soar above 50C on sunny summer days. A number of hardy species of plants and animals also thrive in sections of the dunes.

The dunes have existed for over 100,000 years, but the area of the dunes has been steadily decreasing due to a government reforestation program following World War II. Additionally, concrete barriers erected to protect the coast from tsunamis have disrupted the currents responsible for bringing the sand to shore.

The Tottori Sand Dunes attract some two million visitors each year, mostly from within Japan and East Asia.












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