Saving Can Have Important Impacts

    benefits of savings

    Saving Money at Home, the Office and For the Future

    No one can fault you for saving where you can. Whether you have a habit of saving at home, at the office, or putting away for your future, saving is a good habit. How often have you been to an office and seen new paper being thrown away or post-it notes used for personal instead for office use? Knowing where the office supplies are doesn’t mean that they have to be used whenever the urge is there to open a new box of ink pens or rubber bands. As most office managers know, there is a difference between having the supplies on hand for employees and seeing employees have several of the same types of office supply strewn across a desk. One lesson we can all learn more of is frugality. Do we need to spend three times as much for a pencil sharpener than one third less that will perform the same function?

    Advantages Of Saving

    There are many advantages to saving in an office. First, saving allows the money to be used used for more critical equipment for the office in case a need arises. Secondly, when an office saves, it helps the whole office become more thrifty and reliant. Thirdly, developing the habit of saving in an office will build confidence among office members. Knowing you work with people who care about one another brings confidentiality and security. Then there are other reasons to develop thriftiness in an office setting. Whether we are practicing thriftiness by saving at the grocery store for a family or purchasing wholesale surgical supplies for our business, it is still a principle of life. When an office can create the habit of keeping track of how they use office materials prudently and efficiently, it makes the entire office run more economically.

    Empowering the Individual

    In this age of sustainability and being socially conscious, being frugal in an office can empower the individuals in an office. When we work together to become careful, we can save the planet form running our of clean energy. One minute of electricity may not sound like much but when multiplied by a million offices across the world daily; it does amount to a lot. The same can be applied to waste of food items or a few pieces of paper at the printer. It’s like the school that chose to go green on the amount of paper it used every year for teacher copies. It began having the teachers use overhead projectors and internet assignments delivered through pdf files and saved more than 100,000 sheets of paper a year. That is a small middle school, and it just saved the lives of 40 trees. Last year the United States cut down 55-110 million trees to produce the paper it needed. By going entire paperless, forests could be saved, along with the whole forest ecosystems saved from extinction. Simple actions don’t have to be big to have a significant impact. It is in doing things together as an office, a community, or a nation that these small habits begin to show tremendous results for the entire planet.

    Solar Energy

    In a recent survey carried out to measure the amount of money a family could save in 25 years by converting from electricity to solar energy, the amount is staggering. State prices for kW of power calculated the figures. A regular family in San Francisco was measured to be able to save $40,000 over a 25 year period by using solar energy rather than consistent electric power. If we calculate that to every office space in San Francisco or family, it amounts to $3.2 billion over 25 years and a cleaner environment.

    Saving For Needy Causes

    Saving isn’t just about saving the environment or living sustainably; it also helps to distribute necessities across areas where they are needed. By giving just one can of food to the local food bank every day, millions of people can be fed. Even if each person in America gave one can of soup to a local food bank per week, millions of hungry families do not have to suffer food insecurity. The USDA calls food insecurity not having enough food for a household to survive on. Over 40 million in America suffered food insecurity last year. If only 25% of Americans donated one can of food or a bag of rice per week, the entire country could eradiate food insecurity in America by that one effort alone.

    Saving For Our Future

    Frugality and saving have many meanings, like saving in a small office setting can have immense effects when applied to other things in our life. We can also save for our future. There is the person who started their savings for their retirement and was able to retire by the time they were 29 years old. Conservation is a good thing, and the savings can make other lives better because of a little effort on our part.