Sunday 21 July 2013

Saving Money Requires Discipline



We live in a material world that has many attractive gadgets like cellular phones to tablets that we may desire to own. These different gadgets cost a lot of money to obtain. In spending the money for these different gadget, the question is do we really need them?

Discipline
In being vigilant about knowing what we need as opposed to what we want, we can tell whether we spend on a certain thing. If we had the money to spare, then we could buy what we wanted. If we truly need a certain thing then no questions should be asked about whether or not to spend for it. It is a necessity after all.

 
Having the discipline not to act on impulse is a very important factor to consider in saving money. Shopping for things can be a rather impulsive action for others, so it is very important to install the discipline within ourselves to question whether we want or need a certain thing. Purchasing a certain thing comes after we determine within ourselves whether we need. In fact it is the only time when we should get that certain thing. 

We never know what surprises may occur in our lives that we will need emergency funds to be able to handle any situations that come. It is better to be prepared then to have a situation one day like an unforeseen car problem that will require a hefty sum of cash to afford the repair. We may also have loved ones who need to be hospitalized due to health reasons and will need the funding for the hospital bills. In disciplining ourselves, we are preparing for the uncertainties that the future hold. After all, it is better to be prepared than unprepared.