Don’t Save to Save

Don’t save to save. What does that even mean?

Saving is good. Saving a lot is even better. Saving with goals in mind is ideal.

The word saving can have negative connotations at times when people start thinking about how saving can keep them away from things they want in the short-term. Excessive clothes, lavish vacations, expensive cars, jewelry…these are all short-term wants.

Let’s get one thing clear. Saving money is meant to get you closer to what you want, not farther.

That being said, it is easy to stash away some cash.

But doing this mindlessly can be dangerous.

Besides the obvious reasons to save money-emergency fund, retirement, etc.-it is important to know what your goals are and how you can make your savings work for you, which in turn will allow you to get closer to where you want to be.

I am personally a big believer in saving for your dreams.

Now you’re probably wondering, what are my dreams?

My dreams include helping educate millennials on money by teaching them how to budget, save, and invest.

My dreams include traveling the world while building a business around MY morals.

My dreams include using my unique skill set to help others in need by putting THEIR needs first.

Unfortunately, dreams don’t always get magically funded. Most dreams are self-funded. That’s why I save.

What are your dreams? Where do you see yourself in 5, 10, 20 years from now? What is important to you?


If your dream includes teaching code in Africa for a year for free, put your savings somewhere you can’t touch them and put some money into a coding class to better your skills. Some of your money is better off being used to learn, rather than staying in the bank.

If your dream is to pay for your children’s college expenses, start 529 plans and invest the monthly/yearly contributions into something that will at least keep up with inflation. College is expensive now. Prices will be insane in 20 years.

If your dream is to write a book, save money for marketing, editing, cover designs, and formatting. Saving for these expenses will allow you to have the freedom to express yourself. Don’t let money come in the way of something that can change the world.

If your dream is to retire at age 35 (it is possible), save the majority of your income and invest it into something that will grow. Compound interest will work in your favor.

Don’t save to save.

What happens when you save but don’t know why?

You see an excess in funds in your account and you begin to tell yourself that it is okay to splurge on a large, short-term purchase.

You buy that purse because you don’t know what else that money will/can be used for.

You buy that BMW because your savings account looks too large for a Toyota.

You begin to spend in excess because your dreams are non-existent.

Creating goals and dreams for yourself. 

I try to follow the smart and accomplished when it comes to goal setting and dreaming. They know what they are talking about.

I like what Warren Buffett has to say.

Follow the 5/25 rule. Write down a list of the 25 things you want to accomplish. Pick the top 5 out of that list. NEVER think about the other 20 again.

Thinking about anything but the top 5 will take time away from the others.

The purpose of this post is to encourage you to continue to save big while dreaming big.

Align your savings and goals by taking the necessary steps to make your money work for you.

Most importantly, dream like no other.

Notes: Don’t forget to take The Money Quiz from last week! Start!