saving is meant to make more money not to pay bills

I was chatting with a friend of mine today concerning savings and my whole point to her was, you shouldn’t be using your savings to pay bills. My friend did not get the statement then I asked her “How did she normally spend her savings?” she said she normally spent her savings on bags, food, and house rent, and apart from that she doesn’t have any savings and that is the major thing she spent most of our savings on, but I wasn’t surprised by a response because so many people are in this situation.

People save so that their money can save them later. What I mean by that is they save for emergencies to buy whenever they want and to pay bills. The main reason why this is bad is because not everybody is strong enough to resist temptation of the money. Most times people use their savings to buy what they do not need and pay for things that don’t make sense, to them It might make sense but they are buying and paying for that thing simply because they know that they have money somewhere and no because it is important

The thought of having money alone can make everything around us look like our needs

I had found myself in a situation of buying things I did not need because I had some money looked away somewhere and I noticed that this also happened to a lot of people around me and this isn’t as a result of a bad decision, it is as a result of people allowing their emotions take over their spending habit. Immediately we allow our emotions to take over we are mostly going to buy things we don’t need and also pay bills that we can avoid. The craziest part about everything is that it will look like a norm to us and our emotions are at work trying to make us feel better after spending.

Over time, people have programmed their minds that their savings are meant to be spent on bills, the things they want and desire. The truth is, if we continue like this, we might not be able to change our financial status, we might remain the same for the rest of our lives and this is because when an opportunity comes to invest or to buy something at a cheap price, you won’t be able to purchase them. After all, you spent all your money on your bills and your needs. Sometimes you might have the money with you but you are scared to spend it because you programmed your mind that the money is meant to pay bills.

I’m not telling you not to be responsible, I’m only telling you to be smarter with your money.

You can be smarter with your money by having a budget because most people have increased their liability with the more money that they have thought that they don’t have enough money left to invest. Budgeting makes us cut off so many unnecessary liabilities and the money we can save through budgets will be put into an investment. I know that what I’m saying is not easy, but it is better to make the sacrifice now and enjoy it later or enjoy it now and pay for the consequences later.

Our savings should be used to make more money and this is a way we can pay ourselves first. Our remaining money should go into an emergency fund to pay our remaining bills, the main point of this post is to make us understand that we should pay ourselves first by using our savings to make more money. If you want to buy any liabilities you should invest and use income from that investment to pay for liability, we shouldn’t do the other way around by buying liability first before planning to invest, this is what most people do and this is why they think the remaining money with them should be spent on bills and nothing more.

Thanks for your time.