What is saving money?
Saving money refers to the act of setting aside a portion of your income or resources for future use, rather than spending it immediately. Saving money can help you achieve various financial goals, such as building an emergency fund, purchasing a house, or saving for retirement. By saving money, you can also avoid debt and reduce financial stress. Saving can be done through various means, such as utilising a savings account, investing in shares or real estate, or simply keeping cash in a safe place.
Saving money can be a huge struggle for many individuals in today’s society. These struggles may be due to many contributing factors such as minimum wage, rent, bills and cost of living. However, there are many different ways that you can save money, no matter what your current financial situation looks like.