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None of us know what waits for us around the next corner tomorrow or the next day and so it makes perfect sense that you would want to make plans now for your future. Life can throw many surprises in front of us and not all of them are good. Many people talk about having ‘rainy day money’ and this is something that our parents and grandparents have always told us about. They have encouraged us from a very young age to always have some money put away for emergencies so that when the time comes, you can deal with the problem head-on.
If you are someone who is currently working in Thailand and you have a considerable salary that allows you to put some money aside then the good news is that you can send money from Thailand to your home country in a very short space of time and with minimum fuss. This has been a real game changer for the many people who work abroad and if you’re not sure why it is that you should be putting money aside for a rainy day then maybe the following reasons can help to illuminate you.
- It keeps you out of debt – As was touched on briefly before, life does throw some curveballs at us and we always want to have money so that we can pay the debt and move on. If you have emergency money put away then you have peace of mind knowing that it is always there when you need it the most.
- Backup if you lose your job – Unfortunately, no one can say that their job is for life nowadays and so you need to put things in place to make sure that you have money in the event that you do lose your position. Many businesses are reducing the number of employees that they have and replacing them with AI and robotics. You need to be ready for something like this and so having some money tucked away for an emergency like this can help you to carry on until you find your next position.
- It gives you essential peace of mind – If there is one thing that we all worry about here in Thailand, it is the fact that we might not have enough money. This takes its toll on our physical and mental health and it can lead to depression and anxiety. Knowing in the back of your mind that you do have money put away for a rainy day can provide you with the security and the peace of mind that we all require. It also allows you to have a certain amount of flexibility as you can pursue your hobbies and maybe take more risks.
It might be the case that you love living in Thailand and so if at all possible, you would like to buy your own home and remain there with your family. Rainy day money helps you to put this into place.
Pedrovazpaulo Business Consultant for Your Success
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