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CHILD OF SUCCESS
(A guide on how to save money)
Several years ago I do remember how I spent money foolishly, and sometimes I wish I could get back all the wasted monies
and use them for something good. Then there was no one to advice/lecture me on how to use money wisely, and as I grew older
I realized that I have been a fool.
Money shows up at a particular time of someone's life, and if it is properly used it remains, but when misused it will
disappear in the same manner it came. We all know how important money is in this modern life, which is why a lot of people
go through great extent just to get hold of it.
One of the best ways to spend money is to use it on something that will give birth to more money, and this is done by
investing it, starting a small business etc. When such is done you have already taken a first step to success in life. But
you cannot start well if the money is not enough to make the dream come true. And one of the ways to make money sufficient
so that you can achieve such desires is by saving of money. This guide will help you, not only to save but how to be a child
of success.
Before I proceed, let us take a look at the word 'save' in terms of money aspect. Save means to economize, or to reserve
for future use. That means when you start saving money you have an intention to use it for something in the future, and that
something is a target. The previous sentence explained that before you start saving money there is a target you want to meet
inside you: for example, you want to start a small business which will require $1000, so the target of your savings will then
be $1000. And this target is what will help you to save because if you don't have a target you will find it difficult to save,
also you will find it difficult to stand the challenges that may come your way while saving.
There are three methods of saving which I labeled: weak savings, strong savings and merged savings.
Weak savings is common to those that do not have a target, because of this there is no progress in the account. The money
keeps increasing and decreasing but remains on one stage, and in no time the account will collapse. This person spends money
extravagantly; today he will put money into his account, tomorrow he will withdraw. And when tough time shows up in which
he will need some little money to address it he will check his account and he will find no money, then he will start complaining
with himself what happened to all his money.
Strong savings is common to those that have a very strong target. This savings is the complete opposite of the weak savings.
Once the money is kept into this account it remains there and constantly increases from one stage to the other. This person
suffers a lot from the laymen because they will hate, criticize and paste the wrong picture of him. But when success comes
to stay at the end, those that criticized will come and wine with him. This person sacrifices a lot of things just to fulfill
his target, he does not spend foolishly and flashy things do not capture his attention.
Merged savings is common to those whose target is not really that strong. Though he has a target but he can do very well
without it. He wants the money to be there increasing constantly while he concentrates on other issues in life. But this person
does a funny thing, he divides his account into two, one is for weak savings and the other is for strong savings. He constantly
puts in money into the two accounts but he depends on the weak savings account for his withdrawing because the strong account
is very important to him. Such person is a worker in any rich/poor company, a youth from a wealthy background, some wise bachelors
etc.
The fact is that one gets used to saving of money; the beginning may be rough and tough but if one is determined the end
result is always handsome. When I started saving, there was a time I went to one of my banks to check the money in my account,
and to my greatest surprise I saw more than what I thought, the money increased higher than my expectations and I was happy.
When you have saved some amount of money you will be able to meet to your needs. You will no longer depend on your parents
or your spouse. You will always have some change to give to the needy (if you are that type that love giving), and it is a
pride when you come around and the poor sings joyful songs. You will be a good adviser - when you see someone spending money
in the wrong way you would want to correct him, and when you start talking he will listen attentively. You will not be carried
away by someone's wealth. There will always be a hidden smile on your face, knowing very well that you are capable of meeting
someone's need. You will have a bright hope for the future, because when you meet your target there is 100% sure of success.
The advantages are so many but one may encounter with some problems while saving. In other to meet your target you might
sacrifice a lot of things by letting many things go. NOTE: It is not all things you will let go. The money saved is for future
use and there may be some critical situations in which you have no option than to withdraw some money from your weak/strong/merged
accounts. If you let go some things it may cause emotional problems (regrets), but you must try to see if you can address
such critical situations without withdrawing from your strong savings account. People may say all sorts of things about you:
example, they may say you are selfish, your hands are very tight etc., but as long as you have a target such words will not
bother you. You will find yourself doing things you don't use to; like being too careful with how you spend your money. May
be you always spend some huge amount on fashion every month-end, and now you are no longer doing that. You may loose some
friends, especially those that benefit from you always, and I tell you the truth it is better to loose such friends.
I believe with this brief message you have been enlightened a little about saving of money and why it is necessary to
save. I want you to locate which of the category you are and place yourself on the right one. But before you do that, it is
good for you to know where to save.
You can save money by giving it to trusted person (a friend or a member of the family), but it is not advisable because
you may be disappointed/betrayed by the one you trusted so much. You can save money by hiding it in a secrete place in your
house or somewhere, but it is not also advisable because someone may find it and steal it. You can also save money by using
the saving box -My mother taught me how to use the saving box, thus I started saving by using the saving box, but because
it was close to me I find it very easy to withdraw money and I couldn't save good amount of money. Though I did not have a
target then, I think that is one of the disadvantages of using the saving box - somebody might find it and steal it. If you
have a big target it is not advisable to use the saving box. You can also save money by using the thrift collector, but the
best means is by using a good bank; when you save your money in the bank you are assured that your money is in safe hands.
When you meet your target there will be a bright smile on your face, but it does not end there, you must continue to save
for the nest target. And when success is come to stay everyone will want to shake hands. But deep down inside you know that
uneasy lies the head that wears the crown.
May the good lord help us even as we save money for the future in Jesus name.
Endurance Ubogu
This work is originally done by me, and if you have any question or suggestion you can write to me.
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