A proverb in Tamil Language says "A house without savings is equal to a house without ceiling"
Expenses are important for daily livelihood but savings are even more important to meet the expenses of future, which cannot be incurred yet. For this very reason, it is...
Expenses are important for daily livelihood but savings are even more important to meet the expenses of future, which cannot be incurred yet. For this very reason, it is a smart decision to first allocate a certain amount of income to savings and then only use the remainder part of the income for expenses that are to be incurred presently or in near future. This was a person wouldn’t have to worry about earning insufficiently and would be able to minimize unnecessary expenses, while building up income for the future.
