Going to the ants VI (Lessons on Savings from the ants)

 Spirit Breakfast 🍞☕

8/8/2020 

Text: Proverbs 6:8 (New Living Translation)

[8] they labor hard all summer, gathering food for the winter.

Continued from yesterday.

Ants are avid savers. They save for rainy days literally. Ants know that there are times when they won't be able to work and they make provisions for such times.

The principle of savings is not a new concept to us. The only problem is that many of us do not practise it. 

If there is anything the lockdown should have taught many of us is that there is a need to save. Many were stranded because there was no savings anywhere. 

In a country like Nigeria, many complain that the income of the average Nigerian is too small to save anything from. While it is true that many people's income are low, it doesn't negate the principle of savings. 

Savings should be made from the little you have. In fact, many have advised that you have a fixed percentage that goes into savings. 

One reason many cannot save irrespective of their income level is lack of a budget and financial plan. Many spend money as they see it. This shouldn't be so. 

Apart from aiding you in times of difficulty, having some funds saved affects you psychologically. 

Savings gives you the feeling that you are not broke. It gives you a sense of financial security. It also enhances your self-esteem as opposed to when you have nothing saved anywhere. 

We will encounter winter periods at certain stages of our lives. One of the ways we ensure our survival during such winter periods is the savings we have. 

So, when the next paycheck comes in or when the next profit is made, take a percentage (from at least 5%)  out of it and save it. Then keep practicing it. 

"Do not save what is left after spending, but spend what is left after saving." ~ Warren Buffett

Have a graced day...

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