On Savings: Letter To The Ordinary Person.

“Do not save what is left after spending, but spend what is left after saving”

Introduction:

• The plan is to examine our mindset and and spending habits
• The goal is to understand the inner motivations that cause us to spend
• The takeaway is to identify our spending behaviours, know differences
  between needs and wants, and prioritise over spending.

Consumers often get caught up in financial rules, believing they need a certain amount of money to retire or that they should have a specific amount saved by a given age. But money management isn't just about the numbers; it's about the emotions and attitudes behind our decisions to spend, save or invest.

"You're not managing money as much as you are managing your choices," says financial behaviourist Jacquette M. Timmons. "How do you make your choices? How do you evaluate option A versus option B? You'll begin to see that money is no different from any other domain," she explains.

There are a number of common mindsets that could be sabotaging your wallet, along with strategies for reframing these thoughts in a more positive way. Please follow the link “https://money.usnews.com/money/personal-finance/articles/2016-06-29/common-money-mindsets-that-hold-you-back''

I believe that the ordinary person cannot borrow to invest, therefore Investment can only come in play when there is enough money in the saving box. So in the long run your saving would be equal to your investment. Having good attitude to invest helps you to save and cut down unnecessary expenditures.