Saving Money 101
As we learned in the Compound Interest section, it is important to stick to a steady disciplined strategy of continual savings. Why? Because you cannot predict the future. So, it is important to save money to prepare for unexpected expenses. It is also important to save money for financial security. The amount of money you save depends on your goals, income, and liabilities. But whatever your savings goals are, you need to do that before everything else, which includes eating and paying your cell phone bill. Keep reading to learn about the importance of savings and paying yourself first.