Why You Should Save Money

It's time to start saving money and reduce spending it. Some might argue the point that it's hard to save money nowadays, but if a person does not begin to put some money away for them and/or their family, there can be some unpleasant consequences. Just $10 a week can add up to a nice little sum at the end of the year. You may think not, but it's more than you had at the beginning of the year. Why should people make an effort to save money? There are financial, emotional, and physical benefits to saving money.

• For sanity sake. Having money saved gives some comfort and can relieve mental stress. Mental stress has adverse affects on the body and can cause aches, pains, and other physical discomfort. Having some money for back up can lessen worry as well. People suffer from migraines because of money problems. Saving money can improve a person's disposition and make them much more pleasant to be around. People with money woes can become complainers and less likely to see clearly enough to make good judgment concerning how they handle their money and/or how to make changes in the way they handle their money. If people don't save money and find themselves in need of it, they can become depressed and/or suicidal. Not having the money to support a family can cause other family members to be depressed and worried. The home atmosphere is not the same when money is scarce - it can be tense.
• Just knowing that there are some monies put away can make you feel better physically and put a little pep in your step. Believe it or not, colds, the flu, congestion, rashes, and other diseases are linked to money woes. Saving money and seeing it grow is a high for some which is a good thing. Saving money teaches others in your household to do the same - I know, for some, you can lead a horse to water, but you can't make him drink. Saving money provides a sense of pride and confidence about yourself. Once you begin to save you may say, "Saving money is easier than I thought it would be."
• Increased productivity at home and on the job. Saving money helps with a person's productivity - how? Not having to concentrate so much on the lack of finances can allow a person to concentrate on other things he or she would like to accomplish. A person can be so focused on their lack of finances, they can stifle or completely halt other activities in their lives.
• People do stupid things when they don't have enough money, like rob banks, embezzle, cheat, steal things, look for quick fixes to their money problems. They participate in clandestine activities that they would otherwise not have even pondered. Having some money in the bank significantly reduces the risk of behaving badly to obtain money. For some individuals, as we've seen, acquire more money by behaving badly, but this is not the norm.

• Saving money and having it on hand reduces the chances of you having to borrow from friends and family, and when borrowing money you can make foes out of your friends and family which is something you need to avoid. If you are one who is constantly out of or low on money it is hard to keep friends. They don't want to see you coming or even hear from you, because the only time they hear from you is when you need money.
• Saving money opens up opportunities for a person to invest their money and just not save it. A person might begin to think of ways to make their money work for them in order to earn more interest. There is a difference between saving and investing, and the investing piece might bring some appeal now that saving money seems so easy.
• Saving money allows you to make decisions that you would not have otherwise made. Saving money gives you the freedom to do what you want to do when you want to do it.
• Saving money can place you in circles of friends and/or acquaintances that you would have not otherwise met. How? Suppose you join an investment group because you have the money to invest? Suppose you decide to visit a financial advisor who introduces you to other like minded people?

• Saving money will also allow you to give to those who are less fortunate.
• Saving money will allow you to pay cash for items instead of using a charge card.
• Saving money gives you that emergency fund.
• Saving money can improve a relationship. Couples fight over money problems and sometimes even split up. Improve your relationship by having one less thing to fight about, i.e., the lack of money.