September 17, 2013

The Importance of Saving

Essay : [The Importance Of Saving]

English Essay on "The Importance Of Saving"

The Importance Of Saving

Points: Introduction Many little sums of money amount to a large sums – Money must be spent with method,- you must regulate your spending by your means.
When one is in the habit of spending small sums without thinking about them, it is strange how quickly money seems to disappear. A hundred rupee note seems a good sum, but when it has been changed how quickly it goes. It is no good afterwards to try to remember every little purchase that has been made; they should be noted down at the time. If this is not done, and a kind of daily account is not kept, small sums will have mounted into big ones and we will be in difficulties without realizing how it has happened. There is an old proverb in English, “Take care of the pence, and the pounds will take care of themselves”
The man with a small salary is very likely to get into difficulties unless be learn to “budget” for his monthly spending. A fixed amount should be set aside under each heading – rent, food, clothing, school fees, insurance, and so on. The ideal budget would also include a fixed sum, no matter how small to be set apart each month as “savings.” Indeed, this had better be kept in a bank, and not kept at home. Until all this has been done, nothing should be spent on luxuries, by which we mean things which are pleasant, but not strictly necessary. Only by a such method can a man live within his income and make both ends meet. A person who lives with in his means will seldom be in trouble. There is famous proverb, “Cut your coat according to your cloth”.
When there is no system, spending is sure to be a little more than income. The result of this is that a debt gradually begins and that is very difficult to get rid of.( If you earn three thousand five hundred rupees a month and spend three thousand two hundred you are all right. But if you spend more than you earn, then that is the beginning of your unhappiness.
Soon keep the right side of the line, and the only sure way to do this is to spend with method.

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