Saying “Take care of the pence, the pounds will take care of themselves” emphasizes the need to save money. Thrift is very important in life. You need to spend less than earn, and save some money for the future. People need to learn how to spend money wisely and to ensure that consumption does not exceed income.
In life, you need to be restrained and patient in order to properly plan your spendings. Saving is the path to success. Money savings can come in handy in difficult times, for example, when unexpectedly there are any health problems. This money can also be invested somewhere, thereby increasing the originally deferred amount. After all, saving is already earnings.
We can invest our money in various ways – buy shares, get a share in investment funds or you can come up with a profitable idea and start your own business.
Only by taking responsibility as much as possible one can be free, and only a free person can make a responsible choice – between right and wrong, saving and spending, giving and accepting. – Paul Ryan
Today we see that prices for land and gold increase significantly, and they are much more higher than prices for other goods. Thus, by investing in gold or real estate, we will double our money within a few years.
We can also double our money by learning how to control our expenses. The art of thrift must be learned, and by doing this, we will be able to earn more in our lives, in the future investing of our savings. Let’s be responsible people who do not go on wild spending sprees, especially not spending them on prohibitively expensive things that are not so necessary in our lives.
Let’s spend money only when necessary, and save the remaining money. Then we can use the savings as capital, and start our own business or finance companies that will be able to bring more profits in the future, and already with this profit to buy those things that we want to possess.
There are many ways to start controlling your expenses. For example, you can make a list of things that you need to buy before you go to the market. So you do not buy anything superfluous. You can stop visiting shopping centers, where shopping is expensive and unprofitable.
Savings can be in anything. You can start with savings on electricity and telephone conversations. This is just two things, on which you can save a lot. In the case of electricity, it is important that everyone be alert and turn off the lights, fans and other electrical appliances immediately after using them. You can, for example, install lanterns on solar panels. Similarly, in the case of a phone, you can save by buying affordable models and talking less on the phone.
Thus, we see that the phrase “Take care of the pence, the pounds will take care of themselves” still works in the twenty-first century. Savings not only give an advantage, but also help in preserving the environment by preventing losses and contributing to the economic growth of the countries.