The World Savings Day was established on October 31, 1924, during the 1st International Savings Bank Congress (World Society of Savings Banks) in Milano, Italy. The Italian Professor Filippo Ravizza declared this day the “International Saving Day” on the last day of the congress. In the resolutions of the Thrift Congress it was decided that ‘World Thrift Day’ should be a day devoted to the promotion of savings all over the World. – Wikipedia
Saving goes a long way in strengthening the finances of an individual (even a corporate body).
The first step towards effective saving is to truly evaluate your lifestyle off excesses by structuring your personal financial life to easy savings. A productive way to do this is to keep a piggy bank or likes (don’t conclude in a haste, it’s childish), those little cash crumbs that seems to be next to nothing, you’ll be amazed the huge loaf the crumbs will turn out to be at the end of your savings season.
Are you ready to make some little big savings? Then develop good savings habit, learn to cut down on unnecessary spendings. Are you a low income earner or a student?, then learn some tips that’ll help you save amidst your low income.
Spending less than we make is often cited as the most important personal finance goal. It helps us get out of debt, save for emergencies, and stash money away for retirement. It’s the primary habit that enables us to achieve some level of financial freedom.
Remember, at the end of the day, the goal is not just to use the savings to solve needs and go back to start afresh to solve upcoming needs. The main GOAL at the end of the day is to save for investment, then your investment will solve your needs!
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