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Having Savings Is Important To Protect Your Wellbeing

Money can’t buy happiness but saving helps

There is a famous saying that money can’t buy you happiness. That may be true, but having money sure can help in gaining happiness. If there is one thing that the corona pandemic has shown us, is that saving for a rainy day isn’t such a bad idea. It can prevent a lot of unhappiness.

It is also no secret how we feel about ourselves and the world, in general, is connected to how much money we have, and savings play a big part in that.

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Falling Money

Managing a small windfall: my grandmother’s inheritance

2nd May was a day I will never forget. I married the love of my life. Eventhough this was during the Coronavirus pandemic and we were in lockdown resulting in not having any witnesses, we were still able to make it our own and have a day that we will remember fondly. Unfortunately, a week prior, I experienced something I won’t forget either, the passing of my grandmother. This was a sad moment but my heart skipped a beat on Friday seeing a small windfall on my account.

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The Bitterness Of Poor Quality Remains Long After The Sweetness Of Low Price Is Forgotten

Frugal with a twist

Just like most people trying to achieve FIRE, I encounter the occasional jab regarding my way of living or at least how “I’m being cheap”.
I just don’t like throwing my money through the window every day and if I can save money by being more mindful I will do, i.e., being frugal.

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Banknotes And Coins On A Table With An Hourglass

The Most Important FIRE Ratio: FIRE Savings Rate

The FIRE Savings Rate (SR), is probably one, if not the most important concept you must understand when you try to reach Financial Independence and Retire Early. It’s also the perfect place to start if you are wondering how to get into FIRE. So, let us see what this FIRE savings rate or simply “FIRE ratio” actually is.

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