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.
explain which is correct
The correct response is:
Saving money allows you to pay for expensive goods and services in the future.
While the other responses also have some validity, saving money provides financial security and flexibility for unexpected expenses or future goals. It can also help reduce financial stress and ensure stability in times of economic uncertainty.