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When you are young and in your twenties, you are confused and unsure of what to do in life. You get into odd jobs, work hard to make ends meet and gain some money. And what should you do with this money? You do not have a family to take care of, neither do you have high expenses to be met, therefore the best thing to do at this age is to save all the bucks that you earn in the bank so that when you get a little level-headed you can use this money to do something that you love. There are three vital reasons that should give you the spur to save money when you are young.
A youngster has hardly any expense to do. You do not have to buy a large house. You can just crash in someone’s place till you have got hold of the address of any hostel or flat to be let. You don’t have to buy a large SUV for your kids and family. You can take a cab or a bus to places. Neither do you have to spend dimes on dining at expensive places. You can just eat at the roadside shack or cook something for yourself. So what do you do of this extra money? Save it!
At a young age you are unsure of what to do with life. You don’t know what kind of job you want to spend the rest of your life doing. You are undetermined of your future. At this stage you end up doing any sort of work just to keep working and earn money. So this is the right time to save enough cash so that when you switch career, all of a sudden once you have found your calling, you won’t have a lack of capital.
Once you know you have saved enough to grant your little wishes you no more have to depend on anyone. You don’t have to ask money from your parents, friends or your spouse in case you get into any kind of financial trouble. This is a great thing for people who want to stay economically independent.
Enjoy your future by saving in a calculating manner at the present.