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Money Saving
Disadvantages of saving money.
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[QUOTE="Kendy, post: 228395, member: 63869"] Saving money might not be seen by some people as a way out of poverty but in its technicality, saving money is definitely a way out of poverty. Before anyone makes the decision to save money, he or she has a target to achieve either in the short or long run. It could be to start a business, purchase a real estate property, paying of house rents or investing in other profitable ways. Now, this is only made possible because of the ability to save. If the savings was not available, an individual would either have the alternative to loan money from financial institutions or money lenders and face whatever challenges comes with it. Saving money is a practical way of finding your way out of poverty. If I am able to save money and I utilize it in starting a business, it means I have been able to put the money into effective use and I would not be pressurized because the money is solely from my pocket whereas if I did not have any savings, I might have to loan money and I do not have any assurances if the business I engage or whichever investment would be profitable. In summary, saving money is a necessary step to eradicating poverty. [/QUOTE]
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Disadvantages of saving money.
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