Everybody ought to work to survive, but many people are lucky enough to make more money than they instantaneously need. What should they do with this extra income? While it is tempting for people to spend it all on things they desire, I believe it is better to save at least a portion of the extra income for the future.

Africans and Rwandans in particular are rated top on the list among people who don’t give priority to saving, a thing which puts us and the next generation in a position of living poverty stricken lives.

Saving is a very important aspect of everyone’s tomorrow, because the amount of money you put into the savings today, determines and streamlines your life and the lives of your off springs tomorrow.

Saving money imposes great advantages for your Personal Finance in the long run. Think about sustainable living, that eco-friendly communities apply.

They are trying to reduce consumption in order to save our environment from further destruction, thus providing good living conditions for the next generation.

The same principle should apply to your money saving. If you reduce your unnecessary expenses today and live minimally, you will be able to save something you can use in the future which really makes sense.

Every penny you get to save will grow. It may not look big now, but if you start saving soon enough, and practice self-discipline, it will certainly rise.

Saving money has its own advantages, like peace of mind. You have peace of mind when you know that you have something in your pocket, if some health emergency arises.

Saving money also provides fulfillment and security, especially when paying debts and liquidity as a whole.
You also have to save for rainy days.

After all, you will never know when it will happen. People lose jobs everyday, and even if you are confident about your income today, you are never sure what tomorrow could bring.

It is much easier to draw from your own funds, than knock on your neighbour’s door when you need some money.

But if the need never arises, lets say, luck is always by your side; your money saved could benefit you immensely by compensating you big time for a job well done. With lots of money saved, you could provide yourself education or it can send you off to a relaxing vacation.

It is always best to have something in excess than living insufficiently.

Most people would like to enjoy their money immediately. Nobody likes to wait for the things that he wants. However, if we learn to save our money, we can gain more advantages in the future. We will lead more secure and, thus, happier lives.

We will also be able to buy the things we truly want but cannot afford right now.

But, most importantly we need to save in order to be able to secure our future and the future of those we love, and also be able to use the savings to develop our beloved society.

This is true because by saving money, you will have ability to get into the most profitable investments hence development.

We need more capital accumulation for productive purposes, which will make our projects reach a goal of mobilizing financial resources in our society.

Many of us will give several reasons for not being able to save which range from earning little to having many responsibilities, but financial experts say that saving starts from that little money whose utilization you manage to forego at the moment.

It is this little money which will accumulate over time and benefit you in the future.

They also say that cultivating the saving culture, is also a process like any other. As time passes, you become used to it and in the end you feel the urge to save since it will have become a habit.

As we conclude the savings week, let us develop the culture of saving within us and also teach our children the same from a tender age so that they can grow with it.

Remember, if you don’t save money at all, you really don’t have any chance to get rich.

charlesprinc@gmail.com