February 14, 2019


I know we all fancy to have a wealthy life. Often, people desire and relatively stress-free financial status. It is such an ease to have such a financially stable lifestyle. Although, it can be hard to tame, I still believe that we can do this!

There are a lot of reasons to save money. Saving makes us predict our future commitments. The need to save is vital, if you ask me. Some people fail in terms of this because of several factors like stagnant wages, rising expenses, emergency fees and the general lack of knowledge about financial stability. These things are often the reasons why they are unsuccessful to save money. However, there are still some people disciplined enough to their hard earned cash. These people held so many reasons to save money, and here are the following:

  • Saving for your happiness – According to the survey from Ally Bank, saving money is one of the best habits to achieve happiness. Being financially unstable will certainly cause you depression and stress, which is the reason why your serotonin production decreases. Saving money will affect one’s happiness because you feel empowered having the thought of controlling of your money.
  • Saving to avoid debts – Most people at this generation use credit cards and loans because they are not financially independent. They think that having these cards will help them buy they want; they feel supported and dependent from these cards. These things are mainly the reason why we go seriously deep in debts. You must always avoid debts, so to do this, you have to save money. What cards holders don’t realize is that saving can help them fund fees of their desire. Saving money on a daily basis will help you afford your expenses, expensive things of you want, or even events like holiday, celebration, vacation or wedding.


  • Saving for emergencies – Life has a lot of surprises. With that said, the surprises that can occur may be good or bad. If you are financially prepared and have saving cushions, everything will be under control. As stated by a study, 44% of American households have less than 3 months worth of savings, which is why it is unable to cover unforeseen expenses. This will surely result to debts.


  • Saving to be financially stable – Money is a great crux of life. Everything you see is subjugated by money. This is the reason why you should be financially stable. Being financially independent lessens burden to your parents. It is important that you can buy your own or your family’s needs by yourself. Whether it is a luxury or necessity, we all need to be financially stable. We need it not only to be responsible, but also to be empowered and have strong foundation in case we are starting or supporting a family of our own.


  • Saving for your dreams – There are a lot of things you can do with your savings. You can have a vacation, you can have retirement, you can support your family’s  needs if ever they have money problems, you can start your life with a business or investment, and many more. Saving is a great foundation during your golden years. If you start  saving now, you will avoid regrets later in your life. People of all ages are encouraged to plan and save for their future dreams.

The importance of saving money is enormous. It can transcend your future. It can recompense one day and help you live financially stable. We all know saving money for long-term can be difficult; but with the right mindset and discipline, this could be achievable. Think about the kind of lifestyle you want and think about how you would be able to afford and pay for it. You need to sacrifice a few spending now for the more important things heading your way: the future. Money is your financial protection. Don’t let your cravings over petty things get into you. Be wise enough to think about tomorrow and start saving now.


Mam Miriam    


About the Author

Dr. Miriam Jumalon

Dr. Miram Segudo-Jumalon is a graduate of Bachelor in Elementary Education. Served the private educational System for more than 2 decades but opted to avail of an early retirement and decided to enter in the public school to know the real world of the educational system in Philippine Settings.
At the same time discover and venture the online business industry from being a full-time teacher to a Teacherpreneur in the Philippines. Her new journey of sharing new opportunities on E-Learning  as the best avenue to be Innovative and Creative teacher in today's world of technology.

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