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Save - We Should All Try

January 9th, 2025 at 11:15 am

It’s been years since I’ve needed to borrow money. Honestly, I never had the nerve to borrow from friends—only my mom, and I always paid her back. One lesson I’ve learned along the way is the importance of saving: for every dollar, aim to save 10 cents.

 

I have a friend who never borrowed money before but recently found himself in a tough spot. Over the past few months, he’s borrowed from me and always paid me back. But I’ll be honest—I’m tired of lending money. I suspect his wife may have contributed to the situation, but regardless, when he called to borrow again, I had to say no. I felt bad, but at 50, I firmly believe it’s time to prioritize saving.

 

I’m no financial expert. I have debt, but I’ve also worked hard to build a cushion—enough cash to cover a few months of bills if something unexpected happens, like losing my job.

 

On a related note, my ex told me his brother recently faced a $1,500 emergency and didn’t have the funds to handle it. That story hit me hard and reinforced my belief in the importance of saving, even if it’s just a little at a time.

 

Though I’m still on my journey to financial freedom and becoming debt-free, I’ve learned one critical lesson: the least we can do is try to save. I don’t want to be a financial burden to anyone.

 

This isn’t to judge or bash anyone; I just can’t help but feel thankful for how far I’ve come.

 

3 Responses to “Save - We Should All Try ”

  1. LivingAlmostLarge Says:
    1736440461

    Saving into sink funds or funds you know you need really help. I could never pay for my property taxes and insurance annually if i wasn't setting aside the money monthly into a separate account.

  2. Amber Says:
    1736444368

    @LivingAlmostLarge, agree. Iā€™m so thankful for my sinking funds, I paid my HOA for an entire year

  3. Tabs Says:
    1736555334

    It's perfectly OK to say no. You work hard trying to be financial responsible and save money, and other people will not learn the same if we always enable them through lending. Especially if they're like 50 years old. They're not teenagers anymore, they need to know better.

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