Start Saving Now!!

me just finished read an article from Jusco Pearl Magazine Issue Nov 2009. So, here i would like to share interesting notes regarding topic S-A-V-I-N-G

• It's all good and well to be great in making money, but it's just as important to know how to save money
• A financial crisis should not be the only reason driving you to save, a healthy saving plan should be part of your way of life
• Saving as distress cushion : the comfort of knowing that the money saved would come in to good use should unforeseen circumstances suddenly crop up. this allows anyone involved to concentrate on the crisis on hand without worrying about the ability to meet their regular financial commitments.
• Aim to have six months of your living expenses saved up for emergencies.
• Saving as financing education : savvy parents should start planning for their children education very early on, putting in place a savings plan that will leave them with enough funds when the time comes to choose a course of study at university. (read: UT is one of the options ere -big grin)
• Saving as Endless possibilities for Retirement:  Prudent people who save earlier in their lives are normally those who enjoy more of it in retirement as they have the means to make ends meet.
• Saving to increase your personal worth!
• In materialistic world, saving money somehow become harder as more and more people chase after the ever increasing list of wants.
• People who are not financially savvy often fall into the credit trap by spending beyond their means.
• The most basic thing would be to get a clear picture of our financial status:
  -how much did we earn?
  -how much did our money goes towards necessities
  -how much money left at the end of the month?

Ily Note:
yes everyone (no matter how old are you) should start saving now!
to those who have started, WELL DONE!
to those who have started invest in Unit Trust, double WELL DONE! hihiks

when we talk about UT investment; people always think they need to save a lot of money to begin with, this is not true; we can develop our saving skills through cash investment with UT.
start your initial investment MIN RM 1 000 only - this is compulsory to open the account
next strategy, additional investment ANYTIME for just MIN RM 100 - if you can commit for monthly saving, that would be better!

Remember you can start small and move your way up!