Having Money Saved for a Rainy Day – This might be the greatest advantage for a person to have should they find themselves in a difficult circumstance such as an unexpected job loss. You will not have to feel extra stress if you know that you have money set aside for such a situation.

Pursue Opportunities Having money put aside will give you the opportunity for more options in your life decisions, such as selecting the time of your retirement or what you want to do during your retirement. You will not have limited options due to a shortage of money. Money that is set aside for some needed purpose will allow you to have more control over your life and the things that you choose to do.

You will have lower stress levels. It is an established fact that amount of money that you have certainly does have a correlation to how much financial stress and pressure you feel each day. Money problems simply cause stress in relationships and in individual persons. Having money saved will provide you with a piece of mind that nothing else can. You will be certain that if financial crises were to arise, you are fully prepared and capable of dealing with it.

By having money saved, you will have a level of independence that you cannot have if you are struggling to find money. If you do not have your own savings, there may come a time that you need to turn to someone else for assistance. This can often be a humiliating and embarrassing situation.

Saved money will allow you to be able to travel freely as you wish. Traveling is an exciting benefit that you can experience if you have saved money. You can get to wherever you want to go to, and go there whenever you choose to do so. You will also have the means to travel the way that you want to and make the most of the experience. In the event you have saved enough money to travel, your holiday time should be even more enjoyable in comparison to one without savings.

There are many benefits to save money. Each person has their own ideas of what they want to do with saved money. The most important aspect of having a certain amount of money saved is that it gives you freedom to choose where that money will be spent. Having this feeling of freedom is unlike any other.

Do you know someone that’s a “yes” person? Someone that’s always saying yes to other people until they are completely exhausted? Most likely, if you’re reading this, that person is you. On the other hand have you ever known someone that’s a “no” person and everyone around them is afraid to ask for anything. In life it’s probably best to have a happy medium in this area and give what you can (when you can) and say no before you hit your breaking point. Saying yes to someone feels good and saying no feels bad. This behavior is wired deep into our brains and we hate telling anyone no. But what about personal finances? Well, we’ve been trained as consumers to say yes to everything. Would you like a mortgage? Yes, please. Student debt? Don’t mind if I do. New car? Absolutely. Consumer debt? Oh yeah. Shinny new iGizmo? Heck yes! Popular culture hates people that say no to all these financial traps. People that say no are labeled misers, penny pinchers, tightwads, and usually considered crazy to some degree. When everyone is drinking the kool-aid it’s easy to make fun of people that don’t have a goofy kool-aid mustache. But we know better. Being laughed at by people with dysfunctional brain wiring doesn’t seem so bad, especially in the long run.

Saying no takes courage and vision. Living in a house you can afford and driving a car that’s paid for isn’t glamorous. But either is feeding a fat little monkey on your back until your 70 and putting off retirement indefinitely (that fat little monkey is interest by the way).

Saying no means you’re in control. Instead of living paycheck to paycheck you control your money instead of your money controlling you.

Saying no means you stand out as a target for ridicule and as an inspiration to others. The more radical your actions the more people get nervous. They like the idea of them having everything equal as everyone else and acting differently means you’ve changed the rules and they can’t judge you easily, which makes them feel threatened.

Saying no means you get to spend your retirement doing things you love and doing it when you’re still young.

So dash that kool-aid to the floor and say no to senseless spending and mindless consumption.