Financial management is a great skill anyone can learn as a earning adults even better learnt earlier before one starts to work. This knowledge is very important because money has a language and ***the language of money is value*** i.e. money respond to value. Value comes in form of skills (acquired knowledge), refined talents, solving problems, innovations etc which all translates to products or services which are need-meeting and beneficial to us as humans. ***"Time is money" is a popular saying, but i believe "Productive time through value addition is money" not just time as it were.***

By learning and experience, ***i have found out a secret i termed "3 S" which stands for savings, spending and sowing as a proven productive financial management principle.*** This works across board either as an entrepreneur, a career person, a civil servant, a student and whatsoever legitimate endeavor one is into. Once a better/rounded understanding of the language of money is known, then maximizing it will be easy. For every money a person earns either as salary, income, profit, commission, dividend or whatsoever, it contains these 3 "S" in it.

![](https://images.ecency.com/DQmRLzH4AGpiv2jUkFjd9G62F5u7qmPYKPgH4EXFg6FoqMR/money_2724241_1280.jpg) [Source](https://pixabay.com/photos/money-coin-investment-business-2724241/)

The first "S" stands for savings. ***Savings is what we keep for future reference or for unforseen contingencies.*** It's good to have a saving either as a single, married or as a family. For some, it is saved in a bank, for another a cooperative society, for some an insurance saving, for some a fixed deposit and so on. Once the purpose of the savings is clearly understood, this will help determine the time frame of saving and the amount. I will say it is good to have a certain quota (percentage) of one's income to be saved. Like the adage says; "we saved for the raining day" and also, for some, investment is a form of saving especially the business minded individuals.

The second "S" stands for spending. ***A quota of ones earnings should be saved to meet the current needs.*** This should be well planned for using a financial plan called budgeting. The greatest mistake is to spend everything and leave out the other two "S". It is good to know that spending should be done based on scale of preference and not extravagantly or far below which are the two extremes. 

![](https://images.ecency.com/DQmWeMDBwzUDvkSqtTQ8U6umPrw1fYmQVi7TekMBuqWjwJn/istockphoto_1528694185_612x612.jpg) [Source](https://www.istockphoto.com/en/photo/turkish-currency-gm1528694185-525009097)

The third "S" stands for sowing. Sowing can be likened to agriculture where a seed is out into the ground which brings forth many after a time. Therefore, the ***sowing stands for investing in something valuable that can generate or multiply or yield more money.*** Please note that I'm talking of productive business, assets, shares, investment and not money doubling schemes which are bad financial involvement to me. Money has a flow and hence, hoarding money is breaking the flow of currency which is not advisable. 

I am working in a healthcare facility and i haved applied this principle which is actually working for me and please note that i too learnt it from seminars and finacial experts who is working for them too. ***As an individual, i dislike the two extremes of been extravagant and been a miser, the more reason to go for a balanced knowledge of good financial management.*** I hope this has helped someone. Thank you for reading as comments and contributions are welcomed. 

*This is my entry to @Hivelearners weekly featured contents, week 116 Edition 01 on "FINANCIAL LITERACY"* ![](https://images.ecency.com/DQmfCWxgvTTCxjdVq7MADM8ngmNzvitJ6hzbLMJjF6VtUyY/_blue_white_modern_marketing_strategy_blog_banner_20240120_050504_0000.png) Thumbnail designed using Canva.