It is nice to have buffer room in your budget or savings account.
Sometimes things pop up or life gets busy.
Other times there are special or once in a lifetime occasions.
There could even be a one time sale that is too good to pass up.
If you don’t have that buffer, things probably won’t go over very smoothly.
A Buffer Helps Relieve Stress
If you have no buffer in the bank or your monthly budget, the lack of money can cause a ton of stress when something unexpected or bad pops up.
Whether it is a flat tire or a last minute weekend trip to visit a sick relative, if you have no buffer your stress level will be through the roof even more than it would be normally in a bad situation.
Luckily, even a small cash buffer could allow you to avoid the stress of trying to round up some money at the last minute.
A Buffer Allows You To Take Advantage Of Opportunities
The same buffer that will allow you to get through the bad times can help you out when a can’t miss opportunity throws itself at you. Your neighbor might have an awesome sofa that you’ve always wanted but it was way out of your price range.
If you find out your neighbor is moving to another country and is selling all of their furniture for rock bottom prices, you’ll wish you had that buffer. It’d be a perfect time to pick up that awesome couch at a reasonable price, but if you don’t have the money you’ll miss out.
Otherwise, you could get stuck trying to get interest free furniture financing which I believe is a bad idea.
A Buffer Helps You Enjoy The Moment
While some people think saving sacrifices living in the now, it can be argued that it actually allows you to be able to live in the moment more than those with no savings.
You may have to sacrifice a bit in the present when nothing special is going on, but building that buffer will allow you to enjoy those once in a lifetime moments to the fullest.
Whether you’re on a one time trip to an exotic location, graduating from college or getting married, having that buffer will allow you to be able to think a little bit less about money when an opportunity for a splurge pops up.
As long as you know your limits, you can spend within reason without having to worry about how you’re going to have to pay off a small splurge on an already planned for event.
It’d be a major bummer to be in Paris, but not have the money to go up the Eiffel Tower like you have been dreaming about for your whole life.
It’d suck to be at your wedding and be worrying about how you’re going to pay off the little details you’ve dreamed about. Save your money today to have that buffer so that you can use it when the time is right. I’d hate for you to miss out on that once in a lifetime thing.
What has your buffer allowed you to do that you would have otherwise missed out on? Was it worth savings a little now to be able to afford it?