Why You Have Failed to Adopt a Saving Culture
Saving is strenuous. I see it as a deliberate resolve by people to starve themselves for today in order to wildly enjoy tomorrow and to be honest, I just wasn’t cut from that cloth.
For the poor who live day-by-day and do not have much disposable income, saving is a luxury, a myth and a sale that’s never going to happen.
High chances are a huge chunk of your paycheck goes to bills, black tax, daily operational costs like food and for some reason, it’s not enough to drive some through until my next. Majority survive because of the gigs they do in-between that hold them together and keep them moving until their next paycheck.
Personally, for the times I am grappling with brokenness because a payment delayed, I seem to be wiser and smart on how I should be handling my finances. In fact, I know exactly how I want to organise myself and never run broke.
However, every time I eventually get hold money, it’s like the sense I had departs from me at an instant. I lose my mind, subconsciousness and a small voice keeps singing to me; “Spend all of it immediately”
Abhijit Banerjee and Esther Duflo both economists at the Massachusetts Institute of Technology found that even those who live on less than $1 per day have the ability to save. This alone suggested that each and every one of us can save something regardless of our income disparities.
Why the majority of us have relentlessly failed to be among those that religiously save a portion of their income is something I can’t seem to fathom.
We live for now
Even I can’t help it. We are at a high level of uncertainty about what tomorrow will present and we are not about to take any chances. We are not about to see our money lay idle in a savings account when we can use $100 to attend to an urgent matter or take that cherished trip to Bali, come on, you can’t really blame us.
“Tomorrow is not guaranteed” is now a motto and we are responding by distancing ourselves from anything that might insinuate that we deduct part of our earnings and deposit in a savings account. We live, for now, tomorrow will be attended to when it presents its own…