Every person on this planet, whether educated or not, successful or just making it, living an extraordinary life or a common life cannot and should not skip this most life-changing concept of having savings in life.

There is a saying that, “The person who stores for future lives lives like a King, and the person who doesn’t store is a fool.”

Having “savings” means keeping aside a part of your income or what you have as protection for meeting the unpredictable needs in the future.

 Life is always a chain of unpredictable things. Based on my experience, every human should have the habit of always putting part of his or her income in savings.

Life sometimes throws us into situations where putting everything we have on the line doesn’t manage to meet the necessities or the emergencies of those situations.

Having inadequate savings is a curse to people in the time of their need and absolutely in the situation where it’s all they need.

Inadequate savings leads you to a place where you would do everything you are not supposed to do. It makes the poor brilliant student take a job that pays less or have to work at a young age, because the money he or she has doesn’t meet the costs of graduation from one of the top colleges—where he or she would’ve excelled and achieved more if there had been enough money for the fee.

It breaks the hearts of a young couple, because what they have is not enough to get the house they’ve always dreamed of; and now it is owned by someone else.

Here is the hard truth; the people who committed suicide, who turned into thieves, or who murdered people are the once-sane people who became insane because their inadequate savings or the pennies they have never met their needs, which is all they wanted in their lives.

It kills the emotional strength, making a deep hurt on their souls. The impact of inadequate savings is almost always indirect rather than direct.

Inadequate savings impacts a person both positively and negatively depending on the person’s mental strength. For the person who didn’t get something because of inadequate savings, having positive mental strength may make the person become more determined. No matter what the situation, mental strength helps him or her go further; and that wouldn’t have happened if he or she had gotten “the something” in the first place.

But as far as I’ve known or seen, inadequate savings has always destroyed people, their lives, their hopes, their futures, their wishes, their dreams, and their love.

How much do you have to save in order to avoid all emotional trauma or the above-mentioned circumstances?

There is a saying, “All the money in the world is not enough.” But earn as much as you can; save as much as you can. Make it a mandatory part of your life. The money saved will always come in handy, maybe not to get exactly what you wanted but to get what you need.

I hereby conclude: save all you can, invest wisely, spread your wings, and grab every opportunity to make it. Fulfill the saying, “Save it for the Rainy Day.”