Save for it

Save for it. 

Don't sell your future for a plate of food today! Eating is necessary for living but so is forward planning. You need to realise that savings come in two types. You need to have Short term savings like an emergency fund, savings for health and education or for Christmas etc and Long term savings on the other hand include retirement savings, savings for building a home, children college funds, savings for children weddings and house down payments etc. 

The thing is you should not be cashing out long term saving to meet short term needs and neither should you liquidate short term savings to fund long term goals without a clear plan to replenish them. 

When you are still fighting the food war, you arebmost likely to have no savings. If you make a bit of economic progress, then you get to have some short term savings and when you get to live well below your means, then make sure that you properly align your finances to fund short term and long term goals.

Livingstone Mukasa
Sponsor, 
Mazima RBS
0772459167

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