Out of savings

Saving money is a really beneficial habit for every human. I learnt to save from my parents, especially from my mother. I recall my mother reserved a handful of rice before she prepared our meals. I enquired as to why she reserved a handful of rice each day. She explained that gathering a handful of rice every day makes a large rice bag. She used to give part of that rice to the beggars who came to our house to beg.

In this way, she saved money too. My parents gave a till to each of us to save money. Therefore, among us, there was a competition to fill this till quickly. We used to put every penny we got into this till. That is how we learnt to save.

This savings practice helps me to save a considerable amount from my salary. In those days, I didn’t have a gold necklace; so I used my savings to buy a gold necklace. Not only that, but I could also use my savings to buy multiple expensive items.

I am a retired person now, so my only source of income is my part of our small business and interest on my savings.

Today I am using the interest of my savings for my entertainment. Next month, I am going on a foreign tour; for that also I use my savings.

Therefore, my dear friends, when you receive your monthly salary, please use 50% of it for your essential needs, 30% for your other wants, and 20% for savings. For example, if you get 1000 rupees, spend 500 on your essential needs such as food, house rent, medical expenses, etc. Another 300 rupees for your wants, such as entertainment, enhancing your beauty, etc. The balance of 200 rupees is for savings.

Remember, you are safe with your savings, because you can use those savings in any emergency.