How do you manage your saving goals?

[Stardom22]

For me when l plan to save for the TV for instance, l would make sure that l don't spend the money on something else no matter what. I would rather go for a loan than spending the savings on unintended expenses. What is your take on that?

 

[eLdavis]

For me there are times i do spend on my savings i have planned on something else. There are so many unplanned expenses i have to deal with.

 

[Xtynehappy]

One should really come up with some means to cater for the unplanned expenses that comes in the way without notice.

 

[freelancermaria]

I try to avoid spending my savings because it's not yet sufficient, and I want to save it for the future. I really hope I won't reach a point where I have to spend it.

 

[Springtime]

I occasionally use my savings for buying big-ticket items or travel. But I definitely will not take out a loan to buy that. Taking a loan means that you have to pay interest.

 

[Suba]

It means your savings as a priority for a specific purpose, such as buying a TV, but I don't agree if you take a loan because you have to pay interest, so it's better to find extra money with a side hustle.

 

[Morgana]

Discipline , self control, and being smart. Early on I bought an old house it took me only 10 years to pay it off. Worked hard and along with help I fixed the place up inside and out and now it is worth somethng . I never fell into the credit or finance trap and am 100% debt free. Saved until I could buy an old vehicle, saved again and bought another one that was not so old. Also no wasting money on going out, drinking, or smoking. I put about 30% of my income along with bonuses in the bank every month. My firm pays me very well because I am worth it and am under a lucrative contract. it's easy to save if you manage your life properly and are a winner.

 

[Nomad]

I save under various categories, for instance emergency funds, retirement, investment, big purchases, etc. making saving easier