Why is saving money so important? Why can’t we all just live paycheque to paycheque?
Its simple. Because living paycheque to paycheque doesn’t give you the opportunity to dream. When you live paycheque to paycheque you’re always worried about the future. You worry so much about the future that you can’t think about what you want for yourself in the future.
Money doesn’t buy happiness but it does provide a way for you to fulfill your dreams, your goals, and your desires. Cultivating your inner dreams are important because we don’t strive for achieving our goals and fulfilling our dreams, we may unintentionally go through the daily grind and wake up one day to realize we are depressed and unbalanced. As humans we NEED to hope and dream. Without dreams, our life may feel like it has no meaning.
I Want to Be ______ When I Grow Up
We all grew up dreaming- I dreamt I wanted to be an archaelogist to study dinosaurs and dig up fossil bones. I also wanted to be a novelist (no, not a Harlequin romance novelist).
When we “grow up” we realize that these dreams could be achievable, but are they practical? We lose touch of our dreams and desires. We need to find meaning.
What gives me meaning now? Traveling gives me meaning. Traveling is my passion. Experiencing new cultures, setting new goals for myself, and conquering difficult treks like the highest mountain in Africa is my passion.
Putting Savings into Action
I’m a big fan of saving a small amount of money to into a savings fund with a purpose. These small monthly savings may seem insignificant month to month, but it adds up to fund my dream. It gives me inspiration and hope that my dream can be achieved and it provides delayed gratification. For example, it is my lifelong dream to climb the highest mountain in Africa and each month I set aside $100 to my Kilimanjaro fund in a high interest savings account. The $100 has purpose and determination. I am confident that I will enjoy this trip so much more because I have sacrificed the $100 a month (that could have been spent on material goods, lattes, or other daily indulgences) for this trip of a lifetime.
My other savings goal a few years back was to save enough for a down payment on a home. I worked hard at it and sacrificed a lot, enough to come up with a 20% down payment (combined with my boyfriend’s down payment) on our current home. It was a savings goal that we achieved. Now that we’ve achieved this goal, we need to set our sight on other joint goals.
I once read in a book as a child (I think it was Obasan by Joy Kogawa but don’t quote me on that one)- that each decision in life represents a dot. With time, these seemingly insignificant dots combine to form a picture that represents your life. This quote often reinforces my thinking that we need to make good, conscious decisions in life or else it will pass you buy without you realizing it. Most days I let life pass me by because I’m caught up in the daily grind of life. Some days I let myself dream. When I look at my savings account with money set aside for my hiking dream, I smile because I know I worked hard at making sure this dream is fully paid off before I started it.
Readers: Do you dream? What are your personal goals? What gives you meaning?