I hope you did give yourself a treat for being able to begin a real serious savings account.
No matter how little just so you start to feel rich.
Each time I buy myself a few magazines on travel I feel like some globetrotter on my way to some exotic destinations!
I did say in my previous post never to touch your savings until it is time. May be you have enough now to go on your first international travel.
But don’t go just yet.
Sister, let’s take saving to the 3rd level, first. See, we are moving towards getting a little money-savvy here.
Take a look at how much you have stashed away in your real serious saving account. Do you have enough to open a new one?
Yes, another account.
You may have enough in your savings to buy that pair of Prada shoes you’ve been itching to lay your hands on. Yes, oh, yes you saved for it and you deserved Prada no less but just give me a moment please.
What if you did go ahead and bought those shoes and then the next day your refrigerator broke down and needed a replacement. Or somebody got sick. Or something happened that is compromising your job?
I don’t want you spending money you save for the things you want for the things you need. They are two separate things. And those need to be dealt with separately.
So, come on. Let’s open another account. This one is your emergency fund. If something unforeseen happened you are covered.
