You will have heard people saying: money burns a hole in his pocket, so you are familiar with the idea that it is always a temptation to have ready money available. There are so many tempting opportunities to spend that it is easy to find an excuse to indulge if the cash is easily to hand.
This proneness to temptation means that it is prudent to save for a rainy day by putting your surplus funds to work for you in a savings account or other investment so that you have to put in a bit of time and effort to retrieve them.
Ultimately, money is for spending but there is nothing worse than an urgent, unexpected bill you can't pay, and the tormenting thought that last week you were throwing it away on fripperies.
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