Benefits of Saving your money

[Legion]

You are right. A man without savings is a man without back ups. There is an adage in my locality which is translated to mean that "it is only during emergency that you will know a man". This goes a long way to justify the importance of savings because it is only a man with savings that can overcome the emergency test. One of the measurements for financial stability is saving. A man who is financially stable is a man with savings.

That's right, therefore when you become a man you have to be smart in making money because men have a big responsibility, men have to be brave enough to take risks but have to stay on the good and right path.

[bisdak40]

1. We can save money today in our bank's and online wallets, which we can set long-term savings so that we can't take the money immediately for just any kind of emergency..

Saving money in the bank for me is a bad idea because it will only sit their with a little interest in a year at least here in our country.

On the other hand, saving money for future use is a good idea especially if there is a need for emergency use.

[DragonF]

Saving money is very good and important for living.
No matter how rich you are now, if you don't save today you will beg tomorrow; saving money is part of budget planning and if you don't plan today you will fail tomorrow.
So talking about the benefit of saving money:
*Saving money gives you financial independence.
*Saving money, have the capacity to reduce stress.
*Saving money, helps to limit debt.
*Saving money, helps at the time of emergency.
Let me drop but a few benefits of saving money.

You are right. A man without savings is a man without back ups. There is an adage in my locality which is translated to mean that "it is only during emergency that you will know a man". This goes a long way to justify the importance of savings because it is only a man with savings that can overcome the emergency test. One of the measurements for financial stability is saving. A man who is financially stable is a man with savings.

I can relate to this. Savings can save lives. I remember when my younger sis had an attack. When she was rushed to the hospital we were asked to make certain payments before treatment could commence and we did all thanks to my savings. Imagine looking for where to lend money at that critical time. Similarly, with your savings, you can be lucky to buy nice properties in distress sales.