Saving a percentage of your income is very important. You should always give some money to yourself. What I mean by this is, well a lot of your income goes to things like expenses such as food, clothing, housing, charity, and etc, but before paying for all these things pay yourself. In order to pay yourself you have to give up on certain things; these are the things I would have to give up in order to save 10% of my income.
I make an estimated 3,800 dollars a year, most of this money comes from my job, extra chores, and babysitting, if I save 10% of this I will be saving 380 dollars per year. I really don’t have to give up anything to save 10% of my income since I budget myself regularly. I never buy anything 50$ or more, but I still believe that there is room for improvement and that I can still cut some things off.
The thing I would have to give up in order to save 10% of my income is, jewelry. I don’t spend a lot of money on jewelry, I never buy jewelry that is over 30$ at the most, but lately I have been buying a little more jewelry than average since I got my ears pierced. Now I realize that I really didn’t need to buy those extra earrings since one pair of earrings will work for a long time as long as you don’t lose them. So from now on I will be limiting my spending on jewelry.
Spending money on jewelry is something I have to give up in order to save 10% of my income.