Parenthood: SAVING a portion of your paycheck each month will have a BIG payoff in the FUTURE

Having your own savings will make you feel more secure, knowing that you have a fund that will tide

you over in cases of emergency. Parents should start saving and teaching their children to save portion of their monthly income. Start saving 5% percent of your income, then gradually adding it. You can save your money in the bank or having an insurance. Start cutting your expenditures a little, then continue removing expenses that are not necessary. Identify your needs and wants, put priority to your needs, postpone buying your wants to decide if your really want it, otherwise they will be just waste of money. Stop from being an impulse buyer if you're one of them. Never follow a route that will lead you to spending. Plan before spending your hard earn money. And remember that, it is not how much you earn that matters, but how much save for your future spending.