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Why Do You Save Money?
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[QUOTE="Abigael, post: 239875, member: 25357"] [SIZE=18px]That is some very good advise from the old man about saving. Having money earns you so much respect from people. This is because money enables you to afford your needs and so you look decent. It also prevents you from relying on anyone and so you are not a liability to anyone. That makes saving and spending money wisely to be very important. Now, there are so many reasons why people choose to save money. Some if them include; [/SIZE] [LIST=1] [*][SIZE=18px]Saving for a particular thing you want to buy - people have desires that they want. So they decide to save for it, which is so much better than taking a loan for your desires. So you can decide to save to buy a car, build a house or to buy some shoes and clothes. [/SIZE] [*][SIZE=18px]Emergency fund saving - people know the importance of having money during emergencies. It prevents you from so much agony and having to take abrupt loans. So people save for such emergencies. [/SIZE] [*][SIZE=18px]Insurance is also another form of saving. There are so many of them; health, property and life insurance among others. They come with so many benefits. [/SIZE] [*][SIZE=18px]Saving for retirement and old age - this can come in form of pension but some people just specifically create an account for this. Which is so great because you won't depend on anyone when you are old and retired. [/SIZE] [/LIST] [/QUOTE]
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