As a man we need to know how to save money and how to spend money. A man needs to have money saved up and no man with a job should be broke because saving money is a responsibility. It can be very hard, but saving money is supposed to be a sacrifice. I encourage all men to save money and have money available when you need it. As a man, you never know when you’ll need a lump sum of money and fast.
There are many different reasons why you should save up. Maybe you are trying to save up for a new car, home, engagement ring, vacation, retirement, or maybe you just want to have money in case important situations come up where you flat out need cash. Whatever your reason is for saving, you can do it! Having money saved up eases your mind and you won’t have to worry about the “what ifs” as much. Living paycheck to paycheck is not a good thing to do because you never know what situation might happen where you will need money.
The first thing I recommend is opening up a savings account if you do not already have one. Having a savings account is a vital step in trying to save money. It does not matter what bank you go with because every bank provides savings accounts. Choose the bank of your choice and open one. The next step I recommend you do is have money transfered from your checking account to your savings account either once or twice a month. If you’re really trying to save I say
you do it twice a month. Depending on how much you make a month, or however much you are willing to put aside into your savings account, depends on you because some money is better than no money. A simple $25-$100 dollars every two weeks can add up to a nice lump sum of cash at the end of the year.
The second vital step is not to fall into temptation. Leave your money in your savings account. Do not be tempted to take out your money just because you want something that is not important like a pair of tennis shoes or some rims that might make your car look better. Stay focused on the task at hand. Remember why you made this commitment in the first place because constantly dipping into your savings account can be a huge setback. When times get tough it can be very tempting to use your savings account as an easy way out–but only dip into it if you really need to. Only go to your savings account for the stuff you need not for the stuff you want.
Lastly, just let your money stack up. Do not be afraid to add extra money to your savings account here and there. Saving money can greatly benefit you. Never worry about being broke because you will always have some money saved up in your savings account. Remember, it’s still your money, you’re just saving it up for when you need it at a later date. Keep your money dapper my friends.