Saving money is a discipline. Discipline with saving up isn’t something I automatically developed as my parents taught me the ins and outs of personal finance. Truth is, I took after my dad who has almost zero skills in saving money. It was my mom who really knew how to handle finances and save for a rainy day. She helped me open my first bank account, which I ended up closing just because I used up all my funds. Mom would literally nag me into opening new accounts but I was always short of cash and could not maintain a bank account’s minimum balance. When I started my own business, money kept going out of my checking account but not in. I lost again. I was spending exactly what I was earning with absolutely no concept of trying to turn a profit out of a business or saving a small portion of a salary. Everything cash went somewhere else — away from any bank account or even piggy bank for that matter.
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