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Money Saving
Disadvantages of saving money.
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[QUOTE="Holicent, post: 240014, member: 76163"] [FONT=Verdana]There are a variety of reasons that saving money may not be the best option for you. If you're saving money in anything other than the safest forms—like savings accounts and treasury bonds—you might lose principal, or worse, all of your investment. In fact, even if you're investing in safe options, inflation and fees can eat away at your returns until you have less saved than when you started. Sometimes it's simply too late to save. If you've already racked up a lot of debt and need to pay it back as soon as possible, saving for a rainy day may not be your best course of action. If you wait until later to address your debt, it could cost you a lot more in interest alone. You may also want to invest your money rather than save it, even if it seems riskier on the surface. Investing can offer higher returns than saving, but it's important to understand what kind of return you want and how much risk is involved in getting those results before diving into any investment product.[/FONT] [/QUOTE]
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Disadvantages of saving money.
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