Saving - a Way To Improve Peace

How often do you feel worried and anxious? Have financial security to feel safe.

Saving money is not easy, especially when you don't have a spending plan and you're not tracking your outcome and income. For example, in 2019, 69% of Americans had less than $1,000 in savings. In Europe the situation is similar, 29 % of people have no savings at all.

What are the main reasons why people don't save?

  • 38 % of people say that having a bigger paycheck would help them save more.

  • 18 % of people say that lowering debt would make it easier to set aside cash.

Therefore, what would help us save is either more income or lower debt. Do our living costs increases with the amount of money in our account? What I mean is when there is money in our pocket, the first thing that comes to our mind is spending.

After 6 months of working, I started earning twice as much as before. Even though I was earning twice as much, I was also spending twice as much, so I saved zero for the first 9 months of my work for the government. After I realized that my expenses were increasing with the availability of money, I decided I need to change it. Over the next 9 months, I saved 15,000. I did not start eating inferior quality products to save money, I did not stop going out, but still, I managed to save money. I will not tell you now how I managed to achieve it. Join the Club, it's free. You will receive the online course - Time Management For Beginners and in the near future I will also send an ebook to club members on how to effectively save money without increasing your income.

What are we saving for?

  1. Retirement.

  2. Emergency found.

  3. A home.

  4. Vacation.

  5. A car.

  6. Education.

It's good to have a reason why we want to save money. It's even better if we achieve our goals. In this post, let's focus on why everyone should have savings. What gives you saving, besides having enough money for retirement, emergency found, home, etc.


  • Saving provides you psychological security and boosts your overall sense of well-being. It's not that being rich equals being happy, but for some people, especially those who are prone to worry, having savings can reduce stress. If, for example, you are worried about what will happen if the shower breaks down, you always have savings that you can use.

  • The savings can prove beneficial in difficult times. If your source of income ceases to exist, you always have savings that will allow you to survive without taking out loans until you find another job.

  • If you have the money you can invest. In this way, by saving and investing, you can multiply your fortune and improve the comfort of your life.

  • Get out of debt. If you want to get out of debt, you need to save some money. You don't have savings because you are in debt, or maybe you are in debt because you have no savings? When unexpected problems arise and you need money, you can use the savings, but if you don't have them, you have to borrow money and incur debts.

  • Allow yourself to make better financial decisions. If your fridge breaks down, you can buy a new one that you can currently afford, or if you have savings, you can buy a better model that will last longer and over the years will be a better financial investment, even though you will pay more at the beginning than for another model.

Read more:

  1. Survey: 69% of Americans Have Less Than $1,000 in Savings

  2. You don’t have to be rich to save money: On the relationship between objective versus subjective financial situation and having savings

  3. Beyond Money: Toward an Economy of Well-Being

  4. Will Money Increase Subjective Well-Being?

  5. Big Money: The Effect of Money Size on Value Perceptions and Saving Motivation