Money helps to build a financial grid of safety for the unexpected and expected situation that life brings. In a time like this, there is no better time to begin this process. The Purpose of founding this society are numerous.
1. Understandings sense of Financial Security
Saving money offers financial protection. Who wouldn't want that? No one knows what the future may bring. A healthy savings account helps to prepare for that. Having an extra Rs. 50,000 or 1 Lakhs makes a huge difference. It helps to have enough put to the side to prepare for life's surprises. In the case of the loss of a job or unseen disability a person can have the safeguard to make it through. A handsome amount of savings can also help a person purchase assets or land. The point is, saving money opens the door to many opportunities.
2. Helps your money grow
When money is invested, it is working as you do. Not saving money is actually causing you to lose it. When you wake up in the morning and go to work, you are selling a product - yourself (or more specifically, your labor). Realize that every morning your assets wake up too and have the same potential to work as you do
3. Developing an Understanding of the Power of Small Amounts
People think that if you aren't making Rs 5,000 or Rs 2,50,000 investments at a time, they will never become rich.
Remember entire armies are built one soldier at a time; so too is their Fund.
Conserving currency is about investing in your future. Times change constantly and it pays to invest for the future of it. Time is money. It is wise to use the time wisely to save for the life you want. Time cannot be replaced. Once it is gone, it is gone. Use it to your advantage and save money while doing that. Do what you need to do to make saving it a lifestyle. Read books, put up signs, watch television shows related to it. Listen to tapes. Let saving money become like second nature.
Shakti Shukla
SBI Life & Mutual Fund Distributor
good work! keep it up
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