moonchild
VIP Contributor
The reason why savings is encouraged for students is that you may be juggling various expenses such as tuition fees, accommodation, textbooks, and daily expenses. With so much to manage, it can be tempting to spend all your money as soon as you receive it. it's important to realize the significance of savings.
Having a savings plan can provide you with a sense of security and peace of mind. It can act as a safety net during unforeseen circumstances such as medical issues, unexpected expenses like purchase of course textbook, or when you lose a job. Without savings, you may find yourself stranded, which can lead to anxiety and it is not a good spot to be in.
Savings can help you achieve your long-term financial goals like pursuing higher education, or running a business after graduation. By setting aside a certain amount of money each month, you can slowly work towards achieving your financial aspirations.
It's important to note that savings do not necessarily mean you have to deprive yourself of everything enjoyable. Instead, it means being mindful of your spending and identifying areas where you can cut back on unnecessary expenses. By doing so, you can achieve a healthy balance between your short-term desires and long-term financial goals.
Having a savings plan can provide you with a sense of security and peace of mind. It can act as a safety net during unforeseen circumstances such as medical issues, unexpected expenses like purchase of course textbook, or when you lose a job. Without savings, you may find yourself stranded, which can lead to anxiety and it is not a good spot to be in.
Savings can help you achieve your long-term financial goals like pursuing higher education, or running a business after graduation. By setting aside a certain amount of money each month, you can slowly work towards achieving your financial aspirations.
It's important to note that savings do not necessarily mean you have to deprive yourself of everything enjoyable. Instead, it means being mindful of your spending and identifying areas where you can cut back on unnecessary expenses. By doing so, you can achieve a healthy balance between your short-term desires and long-term financial goals.
