The #1 Rated Source for Credit Card Information
Low Cards

Why Save Money?

If you live paycheck to paycheck with the help of credit cards, you probably feel the grip of financial stress. Financial difficulties are also a large factor in divorces. It is also likely that you are working in a job that you are not crazy about just to pay the bills.

During this age of layoffs and bankruptcies, very few people have true job security. What happens to your family if you are laid off or become injured and can’t work? The good news is you can take control of your money if you are willing to have discipline to stick to your budget and get out of debt.

Money is not the meaning of life. However, wise money management will make your life easier with more peace and security. Travel and entertainment are much more enjoyable if you have saved and budgeted for them.

Having an emergency fund means you are not wiped out when the unexpected hits. Reaching financial independence means you can work at a job that you enjoy. Saving enough for retirement means you can enjoy your retirement
years doing what you want to do. An increasing number of senior citizens are working full time to pay the bills. Saving for purchases and paying cash means you don’t have to pay twice the purchase price. It does not make sense
to pay $1,000 for a $500 television.

You are the only person that is responsible for paying for your retirement. Not the government or the corporation you work for. If you depend on them for your financial future, you may find yourself without enough money to even pay the bills.

Most importantly, budgeting and saving is one of the most important values you can pass on to your kids.

Frequent Contributor to: is an independent, for-profit website. participates in a paid affiliate network and receives compensation from most of the credit card issuers whose offers appear on the site. This compensation helps support our website and enables us to write insightful articles to help you manage your credit card accounts. This compensation, as well as the likelihood of applicants’ credit approval and our own proprietary website guidelines, may impact how and where the cards appear on our site. does not include all credit card companies or every available credit card offer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Every reasonable effort has been made to maintain accurate information, however credit card offers change frequently. After you click on an offer you will be directed to the credit card issuer’s secure web site where you can review the terms and conditions for your offer.

In some cases, LowCards has partnered with CardRatings for our coverage of credit card products. LowCards and CardRatings may receive a commission from card issuers.