I heard or rather read about this idiom ‘saving for the rainy day’ a long while ago, when I was still in primary school on my father’s project dedication. His project was dedicated to Sussy Onyeleonu (my mum and now Sussy Hundeyin) ‘for teaching him the concept of saving for the rainy day’ and that idiom stuck since then.
Saving for the rainy day is to save money for a time when it might be needed unexpectedly.
Everyone who has access to some form of income (pocket money, salary, wages, etc) really needs to have this as his/her motto as unforeseen circumstances can occur and at that point in time, we might not be expecting our source of cash at that moment.
It doesn’t matter how much you earn or how well you plan things out in life, bad things happen from time to time and even the best laid plans could go terribly wrong.
Your phone can get bad, your car might break down and need a lot of money in repairs, illnesses can come( they really don’t give notices)in any case, these things would cost money and you can’t always be prepared but you can be prepared if you save money for the rainy day!
The fund is not the one in your main account, no! I get tempted to take my debit card and withdraw ₦1000 per day and ₦1000 for 30 days is ₦30,000! You get my drift?
Our family and friends no matter how caring they are, also have their responsibilities and trust me they won’t neglect their obligations just to help you! You see why you need to save for the rainy day?
The amount you decide to set aside each month or day if that’s what is convenient for you is up to you to decide based on your income but it has to be substantial in order to have something tangible.
Now this account that you will use for saving should be one that would not have a debit card attached to it because that urge will come for you to withdraw and ‘pay back later’. I’ve been there so I know.
Asides saving for the rainy day, you can save for stuffs like a vacation, a new gadget (I did it), etc. you can even save for the sole purpose of splurging on shoes, clothes instead of buying on impulse.
So what are we waiting for? Start with your piggy bank (an old empty bottle can do) or just go straight and save it in the bank!
Save something today no matter how little.