A little saved can add up overtime. I know, that this may sound like a very basic concept. However, it’s true! In this high tech world we live in, it is a concept many fail to achieve. We can always necessitate a need to spend with the high cost of living accompanied by many unnecessary desires. Saving is often last on our list and frequently overlooked. We make excuses and reasons with ourselves saying, “Maybe, next pay period or next month.” Saving takes discipline because it is a choice. Regardless of how rigid your budget or finances are, it is still a choice that has to be made with a purpose to save some amount. It may require you to skip going out to eat; buying that pair of shoes; or saving your coins. The bottom line is that we all have the ability to save.
WORK THE NUMBERS
Just $25 dollars saved weekly can amount to over a $1000 in a year. You may say, “So, what’s a $1000?” In reality, it is more than you had without any efforts of saving. It can amount to a considerable amount if an emergency arises. To see the results, you must make the choice today and be consistent. No matter how small the amount, remember a little adds up overtime.
Two (2) tips on saving include automatic withdrawal and interest bearing accounts. If you have the option of automatic withdrawal from your paycheck, take advantage of it. If you do not see it, it stands to reason that you will not spend it. As the old saying goes, out of sight - out of mind which means you are less likely to spend it if it is not in your hands. Interest bearing accounts; for example, saving or add-on Certificate of Deposit (CD), can earn interest value overtime.
Do not miss this basic, but beneficial concept! Deuteronomy 28:8 states “the Lord shall command the blessing upon you in your storehouse”. Storehouse in modern day terms means saving, accounts, investments or a place where you place your valuables. Therefore, we need to have a storehouse. Start today and watch your storehouse grow.
Remember, a little can equal a lot!