In the house of the wise are stores of choice food and oil, but a foolish man devours all he has. (Proverbs 21:20)
One of the most basic and important principles of financial stability is this: save some money for a rainy day. Too many of us are ‘runnin’ on empty’… insufficient funds in the savings account and mountains of debt. This is a recipe for disaster because when a rainy day comes (car gets totaled, house needs a new roof, etc) there is nothing in the bank to cushion the blow.
When we use all we have… there is nothing left for tomorrow, and tomorrow DOES come!
Much stress and worry and hardship can be avoided with a disciplined commitment to saving money each week for the sole purpose of ‘cushioning the blow’ when a rainy day comes.