Financial Freedom: Build Up a Reserve Fund

I want to encourage you to get into the habit of saving. 

You can replace your bad habit of being in debt with a new habit of building up your savings. 

Trust me, once you are committed to saving, you won’t even miss the amount you put aside each month. 

If you start saving, you will be surprised how quickly your savings grow.

You might think you don’t have ‘spare’ cash to save. Simply review your budget. Make savings a priority and you will be able to fit it in. You may need to cut back on some other expenses. A little short-term pain will lead to long-term gain.

It may be difficult at first, but it is doable. 

“The wise man saves for the future, but the foolish man spends whatever he gets.” (Proverbs 21:20)

I want to challenge you to build up a reserve fund. Can you save up one month’s salary over the next year? How about building up three months’ salary?

If you can do this over the next year, you can set yourself up for a brighter future. You can also alleviate a lot of money-related stress and you will be able to build towards financial freedom if you make it a long-term habit. 

If you can build up a reserve fund, you will have cash available for those emergencies and opportunities that happen. 

Your car has a reserve tank, why don’t you?

If your car didn’t have a reserve tank, you could get stranded in the middle of nowhere if you run out of petrol (gas). Your car’s reserve tank ensures that you can still get to the garage if you are running low on fuel. In the same way, you need to build up your savings, your reserve tank, so that you have money available when a need arises.  

“Take a lesson from the ants, you lazybones. Learn from their ways and become wise! Though they have no prince or governor or ruler to make them work, they labor hard all summer, gathering food for the winter.” (Proverbs 6:6-8)

If you want to build toward financial freedom, you need to get into a habit of saving instead of creating debt.

If you save before you spend, you will build up that reserve fund, and you will have money available for unexpected storms and the special surprise opportunities that will arise in the future.

Happy saving!