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Today I’d like to write a short blog post discussing when is the best time you begin saving?
The Best Time To Begin Saving
I believe the ‘best time’ for saving is from the moment you learn about the concept of money and what it can do for your life. In other words, as soon as possible.
If you’re a regular reader of The Journey Towards A Balanced Life, you should know by now that I am a huge advocate of living life for today to create experiences, rather than accumulating money for my own selfish desires.
However this doesn’t mean that you should ignore the health of your material wealth component, and how it can help level up your life.
Why Should You Begin Saving?
There are many reasons for why one should being saving, however I wish to focus specifically on two reasons in particular that are less talked about.
- Learning to save teaches you skills.
- Money has the power and potential to protect.
Learning So Save Teaches You Delayed Gratification
Learning how to save money and budget effectively teaches you how to delay gratification to an incredible degree. Research continually reiterates the benefits of learning delayed gratification as a prerequisite for success.
Those who are able to delay gratification are more likely to be more mature, self-assured, confident and will have the ability to make sound decisions in all facets of their life.
Becoming comfortable with delaying gratification for greater returns instils resilience, perseverance and patience in an individual. By continually partaking in as many activities where the focus is on delaying gratification, you will begin consciously and unconsciously teaching your body and your mind exactly what you want from it, resulting in an effortless and well-developed habit.
With Great Money Comes Greater Responsibility
I am a believer that money as a concept is not inherently good or bad, rather it is the way we think, use and treat it, that determines its true colour.
I previously wrote an article a short while ago on whether wanting to be rich is a pointless ambition and how it is your opinions and beliefs about money which determines how far it can truly go.
What I’m trying to say is that money has the potential to both protect and destroy.
This is the main reason I feel it is important to begin saving as soon as you can. You need money to eat and survive, as perfectly described in Maslow’s Hierarchy of Needs. However, you also need it in order to protect the people you love and care about.
Let’s be honest with ourselves, money may not guarantee happiness but it sure can influence it. I save up money so I can use it to do two things.
- Protect and help create prosperous lives in the people I love.
- Make the world a better place.
Without money, this website wouldn’t exist, I wouldn’t be able to continue doing what I do without active subscribers and supporters buying my products and services.
If I can do just this with $20, what do you think I could do with $2,000 or $2,000,000?
Think about the ‘why’ with regards to your actions with money and material wealth. Once you have a strong enough ‘why’ – the ‘how’ will take care of itself, and you’ll have found your own real reason for why saving money is truly important to you.
About the author
David Johnson Oragui is a balanced life practitioner, gathering people together to undergo a journey towards a balanced life that brings about ever-lasting happiness and excellence. His mission is to motivate and inspire as many people as possible to live their lives to the best of their ability through the idea of a balanced life. You can find him on Google + and Twitter.