January 11th, 2010 by dee

In the past years, saving money each month has become one of my habits, not for any particular reasons such as buying a house or a car. All I want to do is just in case of some potential crisis in the future. I would rather call it a way of self-insurance. For my part, saving money really has a lot of benefits besides my original intention. In the following part, I will tell you some of my own personal experiences to show you the goodness and also the hardness to save money.

I do not know why I always seemed to have less money than my friends around had. And that definitely not stem from my being paranoid. Several years ago, I went to Paris for a short holiday with some of friends. And I will never forget the moment when one of my friends asked how much money each of us were taking on the holiday. We all answered one by one and to my horror not only did I have the least amount but I had around two hundred pounds less than the next lowest person. It was not because I was being mean, but it was because I did not have anymore. It had actually been a real struggle to save up this much.

So when I arrived back from that holiday, I made up my decision that I need to change my attitude on financial matters. I read a few books and spoke to a number of people about the best way for me to move forward. I did not want to have to struggle next year if there is to be another holiday for example. I believed the answer was to start saving an amount every month which would leave my account via direct debit. I was the type of person who would basically spend whatever I had or earned. If it was in the bank therefore I would spend it. It was to leave my account via direct debit I would have no way of course to spend it.

In life you never really know when something is going to go wrong, for example your car breaking down, the washing machine packing up or the need for some improvements to your house. By saving in the way that I know do makes these issues far less stressful to deal with as I have the funds readily available to remedy the situation.

Tags: benefit, Saving Money