“Save it for rainy day.�? That’s my motto. When I have a choice between spending my money or putting it in my savings account at the bank, I always put it in the bank.I will have a lot of expenses in the future like my education, travel, and unforeseen emergencies. I need to have money set aside for these expenses.

Education is expensive. I can’t depend on my parents to pay all my bills. I have tuition, room and board, books, and incidental expenses to pay for. I’ll try to get a scholarship to cover some of these costs, but I know I will be responsible for a lot of the expenses. If I spend my money now, I won’t be able to pay for my education. I need to save money for my education. Traveling is also very expensive. I don’t mean vacation trip. I mean travel to get to and from school. Transportation costs a lot even special reduced fares by using an electronic pass. I first have to get to school and then, of course, I have to return to my family. Going back and forth will be costly, but worth it. I need to save money for these trips. Emergencies could arrive at any moment. I might have an unexpected illness while I am at school. There might be costs that won’t covered by the school insurance. One of my family members may need help, then I have a responsibility for giving money to them because I am the first child. You can’t predict emergencies like this, but you can be prepared. I need to save money for these emergencies.

When you are not rich, you cannot spend your money carelessly. You must plan ahead. I know in my life, I will have expenses for my schooling and for travelling to and from my home. I know that I will also have unexpected expenses related to unforeseen emergencies. I must be prepared. I need to save money for these events.