why is it that people who save are always financially stable

[Oluwasegun purpose]

Most people who always save are most time financially stable and always free from debt.. You can never see peoples who are use to saving never go broke or poor . that is why I will advise peoples who don't use to save should try and start saving because it help a lot and play an important role in life. As a salary earned you should try and be saving part of your salary at least 10% of your income every months, and see how it be helping you in some place like,there may be time when you will need money for an emergency purpose and also when you may need money to pay up your children school fees even paying up the house rent on time, so when all these come and you don't have the money at that particular time what are you now going to do , but if you have some saving with you it will not be hard to you to take care of and it will not also make you to run into debt. So at least try to be saving out of your income and with time gose on you will see that you can run into debt.....

 

[Rubz]

Somepeople have the mentality that it is only people who earn well that should save. That mentality is very wrong. No matter how little or big one earn, one should learn to save from it. It would definitely be that saving that one would turn to when one is in need or have a financial issues. One should have a fixed amount of money one saves every month. In months when things are very good, one should try to save above that budget so that in months where things are not so good and one isn't able to save up to that fixed amount, he or she would be covered.