1. It Feels Great
Even though it might sound silly to you, saving money actually does feel great. It gives you a feeling that you are doing something important for you and your family, which you actually are, and that makes you feel really good about yourself. It is also a constant reminder of what you are saving for.
Whether you are saving for new shoes, a great vacation or a summer camp for your children, every time you put away some money for that cause there will be a smile on your face. You’ll know that you are one step closer to getting what you want.
Once you save enough money and you are actually able to buy what you wanted you will feel just amazing. You will cherish the things you bought from your own money. They don’t say that ”the sweetest dime is the one you earned yourself” for nothing.
2. It Teaches Your Children to Follow Your Example
You probably remember how your parents taught you to save money. You also know that the best way to learn is from examples. So, if you want to teach your children how to save money – start saving yourself.
This is a great benefit of saving money, because you will not only be able to get something you need or want from the money you saved, but you will also be teaching your children a very valuable life lesson.
Of course you hope that your kids will never have to be in a situation to need to save money, but learning to save is learning how to respect money and it teaches your children not to be spoiled and to respect the value of a dollar.
3. It Takes the Load of Your Chest
All of us probably fear that one day we might just not have enough money to pay for some emergency. This is why you should save even when you have enough money. It is a cruel world out there and your luck might change in a blink of an eye and you might find yourself in a situation when you’ll need money immediately. So, if you save, you’ll feel safer.
Most of us probably can’t save enough to never feel threatened by the bad economy again, but if you know that at a certain place in a house or a at a certain bank account number there is a small amount of money you keep for “dark days”, you will feel less burdened by any economic crises.
4. It Let You Treat Yourself and Your Family
This is the greatest benefit of saving money and the main reason people save. Whether you are saving money to buy something for yourself or to surprise a member of your family, once you are actually able to do it, you will be so happy.
Just imagine the look on your children’s faces when you tell them that yes, they can go to a summer camp. Or a look on your husband’s face when you give him that beautiful watch he wanted for his birthday. Or just think about it, if you save just one dollar every day, next month you’ll buy yourself that cute top you saw in the store.
Saving money has both physical and psychological benefits, so start saving now. The sooner you start the better. If you decide to save money in a bank and negotiate a good interest rate, you’ll even earn some more just by saving.