Why is it important to save money? (1 point)

Responses

If you have money in savings, you won’t be charged interest on your loans.

If you save money now, you will have multiple bankruptcy options in the future

Saving money allows you to pay for expensive goods and services in the future.

Saving money is a requirement once you start earning a regular salary.

Saving money is important because it allows you to have financial security in case of emergencies, unpredictable expenses, or changes in income.