We’ve all been there, right?
You deprive yourself good things of life to save up some money. but you end up spending it anyway.
Who will blame you? Having all that money sitting there in a bank account doing nothing while there are beautiful clothes to buy, expensive gadgets to buy, even quality time to spend with friends in a very nice place.
And so long as that money is in that bank account, it will itch at you so bad that one day you decide that enough is enough, you need to enjoy life while you still can.
You spend the savings until you realize the mess you are putting yourself into.
But because you want to save; you really really want to save, you force yourself to begin to process all over.
Saving money is a good thing if you want to build wealth, but savings alone will not make you wealthy.
However, savings can provide you the leverage to grow your income and get credit worthiness.