Many people often frown upon the very idea of saving. To a lot of my friends, saving something is being equated to the process of being suffocated. They feel constricted when they save – they believe that saving does not have any value – that it often “adds wrinkles” since it is a constant source of worry.

This is very laughable, isn’t it? Why do they detest saving so much? How very ironic!

I, on the other hand, take pride in being able to save. Now don’t get me wrong – I do not earn that much per month. But I still manage to save for my emergency fund.  This is so that I can sleep better at night.


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Buy a cute piggy bank and watch it get fat!

How do I manage to save, though?

I go by this magic formula:

Income – Savings = Expenses.

This means that upon receiving monetary benefits and/or income, I immediately subtract my savings from it so that the remaining would be my expenses. Most people do the opposite: they subtract their expenses first before saving – I think that it is unwise to do so.


What if I have debts?

Then take care of the debts first before you are able to save. High interest debts will only drown you in the future.

What do I do with my savings?

Personally, what I do is I am right now in the process of building my emergency fund. I have about 2-3 months’ worth of expenses right now. When I reach 6 months, I will then invest the savings in a diversified portfolio. I am not in such a rush – I am still young, so I have plenty of time to be able to do so.

When is the best time to save?

Now. I can’t emphasize how the financial books I have read overuse this word. Save NOW. 

Learn NOW. Invest in yourself NOW.



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0 thoughts on “3 Questions to Ask to Get Started in Saving!”

  1. Now that's really wise, i admit i don't save up not until i have family of my own. I set aside small portion of my earnings for future expenses. My goal is to came up with a college fund for my child as early as possible and not to be distracted investing with gadgets.

  2. @ EINz:
    Thank you so much. I started saving up right now as I don't want to be overwhelmed and hassled in the future. Very good decision – gadgets are flashy and tempting but I try to control myself and think of my and my family's future. 🙂 thanks for leaving a comment!

  3. great to know… The idea of saving extra money is big help afterwards. We don't know what tomorrow may bring in our lives. Better prepared now than nothing at all. Have a nice Monday to you and enjoy ^_* . By d way I followed you , hope u follow back as well 😉

  4. @ Lea:
    Thanks! I agree. That's why saving is really important. It helps us sleep better at night. 😉 thank you! Consider yourself followed. Er, that did not sound right. 😉

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