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Money Saving
How Saving and Investment Help us Reduce Financial Consequences
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[QUOTE="Jasz, post: 253477, member: 61772"] It's possible for us to take measures to reduce the financial consequences that arise and cover ourselves financially. One of the ways by which this is generally done is with the help of savings and investment. We would have seen or learnt about the need to save for the future. By saving or investing money, when accumulated can be used to manage the loss. Still, analogous savings can only give back our own capitalist plus some returns. What would be if a life is lost or a person is disabled permanently or temporarily? A person dies suddenly. Where would the person’s family get the means from to support itself? How would the person’s family meet the various living charges after his death? A person suffers a paralyzed stroke that leaves him permanently bed- ridden. Such an event would result in loss of income to the ménage and put the family in a lot of difficulty. The loss suffered is so large in all analogous situations that one’s savings may not be sufficient to take care of the financial burden. We should never ignore the importance of saving money! [/QUOTE]
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