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.
It is important to save money so that you have funds available for emergencies, to make large purchases, or to cover expenses in the future. Saving money also allows you to achieve financial goals, such as buying a house, going on a dream vacation, or retiring comfortably. By saving money, you can also reduce financial stress and have peace of mind knowing that you have a financial safety net.