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

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If you have money in savings, you won’t be charged interest on your loans.
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
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 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 provides financial security and stability for unexpected expenses, emergencies, and retirement. By building up savings, you can avoid taking on debt or relying on high-interest loans to cover financial needs. Additionally, having a savings account can help you achieve long-term financial goals, such as purchasing a home, starting a business, or funding your children's education. Overall, saving money helps to ensure your financial well-being and provides peace of mind for the future.

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