Do not save what you have left after spending, but spend what you have left after saving
hive-167922·@adedayoolumide·
0.000 HBDDo not save what you have left after spending, but spend what you have left after saving
In my previous post, I talked about saving and Investment is the key for brighter future which I explained the best way to deal with inflation period is to invest your money because it worth nothing to buy in the market. [image credit](https://financiallyliterateteen.medium.com/saving-ebb039277975) Today, I will be talking about the effective way to save. As we all know saving money is keeping aside a particular money from our income but this should be done before spending. Saving as a Nigerian can be very difficult due to the current situation of the country and this has made me focus more and draw people's attention to savings and investment. The two of them will be a great tool that will contribute to our financial freedom in the near future when things get more difficult than this. The savings will bring a positive impact on our way of life, reforming the way we spend on unnecessary things. However, not everyone has the ability to save as I always say, I remember when I was still growing up kid, I love to contribute with my allowance, but my mind is always there in my savings, I don't know how to save and take away my mind form it with that I will end up breaking the piggy bank when I have a problem. Keeping money and have full focus on it is not saving, it is just saving money and thinking about taking it out later, even if we are saving for emergency funds Without differentiating our needs from what we want, it will not be easy for us to save. #### What we need to know about saving. Savings is not money that we should look at when we have had a problem, just as it is not money for charity. Saving is not keeping the money that remains after our consumption, which I think many people see saving as money after going to the market and buying things the change that remains should be our savings, but I will tell you that it is not a way to save money and such ideas is not classifying as savings of money it can easily refers to keep for later uses. Almost everyone has the habit of saving what is left after spending which should not be done that way, saving must come before spending and the good way is to spend what is left after saving never let spending be first. --- Today, after checking my account to verify the $150 I retrieved from the bank a few days ago, I realized that my spending had caused me to touch some of the money I'm not supposed to touch, and I've been waiting to save this for the investment in the meantime. Then I've already starting to get unnecessary things that I don't need the money for, I already bought myself a football boot and I still have a lot of things to get for myself, like change my phone because it given me some problem I think it's too old to be replaced, so I think that if I let my consumption take precedence over my savings I may not have anything to invest in the future, so I used the money to get HBD and put them on savings for 20% Apr which I think is best option for me to avoid losing all the money on buying things at high rate. Now having my money in HBD will helps me alot to get an easy access to invest, I will use the incoming money that will be generated for my consumption. --- **NB; Saving or Investment comes first before spending** ### Thanks for Reading me Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@adedayoolumide/do-not-save-what-you-have-left-after-spending-but-spend-what-you-have-left-after-saving) Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@adedayoolumide/do-not-save-what-you-have-left-after-spending-but-spend-what-you-have-left-after-saving)