Saving money is not a matter of math. It’s a matter of urgency.
- You won’t save money when you get that next raise.
- You won’t save money when that car is paid off.
- You won’t save money when the kids are grown.
You’ll only save money when it becomes an emotional priority.
We all know we need to save, but most people don’t save like they know they should. Why? Because they have competing goals. The goal to save isn’t a high enough priority to delay the purchase of that pizza, DVD player, new computer, or china cabinet. So we purchase, buy, and consume all our shillings away or, worse yet, go into debt to buy these things.That debt becomes monthly payments that control our paychecks and make us say things like, “We just don’t make enough to save any money!” Wrong, wrong, wrong! We do make enough to save money; we just aren’t willing to quit spoiling ourselves with our little projects or pleasures. It doesn’t matter what you make—you can save money. It just has to become a big enough priority to you.
Make Saving a Priority
If a doctor told you that your child was dying and could only be saved with a Ksh 15,000 operation that your insurance would not cover and could only be performed nine months from today, could you save Ksh15,000 between now and then? Of course you could! You would sell things, you would stop any spending that wasn’t required to survive, and you would take two extra jobs. For that short nine months, you would become a saving machine. You would give up virtually anything to accomplish that Ksh 15,000 goal.
The secret to saving money is to make it a priority. But that happens only when you start to feel some healthy anger—or fear—and then focus that emotion on your personal decisions. Harnessing that emotion will make you move yourself to the top of your creditor list. Then ask yourself which bill is the most important. After tithing, who should you pay first this month? The answer is you! Until you pay God first, then yourself, then everyone and everything else, you will never save money.Advertisers and marketers are touching our emotions every day and taking every Kenyan Shilling we have by making us see our wants as needs.
Emotions make great slaves, but they’re lousy masters. It doesn’t matter how educated or sophisticated you are—if you aren’t saving money, you’re letting your emotions control your actions. You need to take charge!So whether you need to save for college tuition, House/Land Property, Vehicle, a plane ticket to the family reunion, new school clothes for little Ethan or Emma, retirement, or anything else, start now! It’s never too late!