Why is saving important?

From a psychological perspective, saving reduces anxiety and gives you a sense of control over your life. Studies show that people with adequate savings report significantly lower stress levels regardless of income. It's not about how much you earn, but what you keep! Even small, regular savings create positive financial habits that compound over time. I recommend the 50/30/20 rule - 50% for needs, 30% for wants, and at least 20% for savings. If that seems too ambitious, start with 5% and increase gradually. What matters is starting!

Saving is like giving your future self a gift! Here's why it matters: Emergency cushion - Life happens! Car repairs, medical bills, or job loss can hit anytime Financial freedom - Savings let you make choices (change careers, take a sabbatical) without money stress Retirement security - Social security often isn't enough to maintain your lifestyle Opportunity fund - When great investments or experiences come up, you'll have the means to grab themI started saving just ₹5000 monthly at 25, and thanks to compound interest, it's grown to over ₹15 lakhs at 35. The peace of mind is priceless!