There is a lot of talk about saving and saving money, but it is important to save money for important purposes that will help you when you really need it.
Which ones are they?
For the off-white days. What to do when your washing machine breaks down or you need the tools to repair your car or a new car? Consumer credit can be useful to individuals if you are confident that you will be able to repay it on time, but saving money is and always will be the safest option.
But what if you are out of work and don’t know when you can get back to work? How to pay bills, buy food in such a situation? This is precisely the reason and the first goal that should definitely save money.
It is not possible to predict what will happen in a month, a year or two. Maybe the company will be made redundant, but maybe you will choose to move to another area where there are no or very few jobs in the area. In order to make sure that you can survive at least for a while, you should save at least 3-6 monthly salaries.
For old age
Many people are waiting for old age, because then it seems that you can finally relax. And even though we are currently working to achieve our goals, such as buying our house, renovating our apartment, traveling or so on, we are mostly saving money for the purposes we are doing right now, but don’t think that after ten, twenty, thirty years we will already be retired, but we may be short of money because the amount of pensions is still less than the current salary.
It is important to put money aside for old age now. Of course, this does not mean that you have to pay a third of your salary, but the sooner you start, the more you can save with a small monthly deferred amount.
For children’s education
There are parents who also spend money every month for their children’s needs, often for education. And this is truly a great goal, because everyone wants their child to have the best, including education. As not all educational institutions offer budget places, even some savings will serve as a great stepping stone for a child’s education.
For example, if you postpone 20 euros every month, after 5 years you will have 1200 euros to cover, or at least part of, your first year of tuition. The young student will certainly be grateful for the financial aid and will be able to find, for example, extra work after having familiarized himself with the existing system and regulations at the college or college, without any worry.
Even if you have health insurance, it’s good to have a back up
If you are injured and have serious health problems that are not fully covered by health insurance, your savings will definitely come in handy. It should also be borne in mind that not all health insurance policies cover, for example, the cost of dental services or medicines.
It is possible to save money on almost any income. It is often the bad habits that prevent and save money. Shop smart! Before making big purchases, think about their necessity – wait at least around the clock and only the next morning make a decision on whether to buy a particular product or service!
Also think about whether you can’t cut down on everyday expenses like making coffee at home instead of buying it at a gas station; go to the store with a shopping list to avoid buying unnecessary snacks and products! Changing habits can help you achieve bigger goals, so appreciate what you can do for it!
Want to know how to easily get a loan online from Camila’s Personal Loan? In the loan calculator choose the amount of your loan and the desired repayment term. Moving the slider will automatically show the repayment date as well as the loan fee. Then click on Apply for a loan and you will be taken to a page with a simple registration form. If you are not a Camila’s Personal Loan customer, you must first register and transfer 0.01 EUR from your bank account. If the registration is successful, we will send you access details to your client profile.