Many often struggle to save a decent amount of cash over the years because of household expenses. Nevertheless, saving can allow one to put away a lot of money in a safe for twenty or more years.
Think of saving 30 dollars each month for twenty years. That is equal to $30 x 12 x 20 = $7200 without talking about cumulative interest added (interest that earns interest on itself over the years).
Well I think one can do something with that money. Imagine saving $50 or $70, $100, $1000 or more per month.
Usually, most people can hardly save $5000 a year. As you can see, cash is a valuable commodity, and it is always nice to have some stuck away. Every person understands saving, and tries it few times may be without success. My opinion is that one must save. It does not matter how much one is earning one must save even if it is $10 per month.
Typically, one should not spend more than one third of a salary on the rent. Something one must check and rectify.
So in general, one is saving and earning interest year by year. It is straightforward.
Right?