“Save it for rainy day.” That’s my motto. When I have a choice between spending my money or putting it into my savings account at the bank, I always put it in the bank. I will have a lot of expenses in the future, such as higher education costs, travel, and unforeseen emergencies. I need to have money set aside for these expenses.
Education fees are expensive and still going up. I can’t always depend on my parents to pay all my bills. I have tuition costs, rent, books, and incidental expenses to pay for. I’ll try to get a scholarship to cover some of these costs, but I know I will be responsible for a lot of the expenses. If I spend my money now, I won’t be able to pay for my education. I need to save money for future expenses.
Emergencies could occur at any moment and in any situation. I might have an unexpected illness while I am at school. There might be costs that won’t be covered by school insurance. One of my family members might need help from me. You can’t predict emergencies like this, but you can be prepared. I need to save money for these emergencies.
When you are not rich, you cannot spend your money carelessly; you must plan ahead. I know in my life, I will have expenses for school and for travel. I know that I will also have unexpected expenses related to unforeseen emergencies. I must always be prepared. |