Why is it important to save money?
a
If you have money in savings, you won’t be charged interest on your loans.
b
If you save money now, you will have multiple bankruptcy options in the future.
c
Saving money allows you to pay for expensive goods and services in the future.
d
Saving money is a requirement once you start earning a regular salary.
c. Saving money allows you to pay for expensive goods and services in the future.
Saving money provides a financial cushion in case of emergencies, helps achieve financial goals such as buying a house or going on vacation, and provides security and peace of mind. It also enables you to pay for unexpected expenses and avoid falling into debt. Additionally, having savings helps build wealth and financial stability for the future.