What’s The Importance Of Saving Money?

[OzoIgboNdu1 of Igbo Defender]

So, we often hear that people should save money. But what are the benefits of saving money?

[pink]

We save money for present and future purposes. And also for emergency sake.

[Aysha]

It’s important to have an emergency fund set aside to cover unexpected
expenses. That emergency might be an unexpected car repair, expensive medical bills, or a
sudden job loss. If you were to lose your job, you’d be thankful you socked away a
good amount of money into your emergency fund to tide you over until you found
a new job.

[Aysha]

That emergency might be an unexpected car repair, expensive medical bills, or a
sudden job loss. If you were to lose your job, you’d be thankful you socked away a
good amount of money into your emergency fund to tide you over until you found
a new job.

[Potal]

[quote quote=58788]We save money for present and future purposes. And also for emergency sake.[/quote] on point. We save for present and future purposes.

[Potal]

[quote quote=58796]That emergency might be an unexpected car repair, expensive medical bills, or a
sudden job loss. If you were to lose your job, you’d be thankful you socked away a
good amount of money into your emergency fund to tide you over until you found
a new job.[/quote] yes,for emergency sake too.

[Omaonu]

[quote quote=58788]We save money for present and future purposes. And also for emergency sake.[/quote]you make a very sensible point here

[Omaonu]

[quote quote=58796]That emergency might be an unexpected car repair, expensive medical bills, or a
sudden job loss. If you were to lose your job, you’d be thankful you socked away a
good amount of money into your emergency fund to tide you over until you found
a new job.[/quote]you are absolutely on point here

[Omaonu]

[quote quote=58795]It’s important to have an emergency fund set aside to cover unexpected
expenses. That emergency might be an unexpected car repair, expensive medical bills, or a
sudden job loss. If you were to lose your job, you’d be thankful you socked away a
good amount of money into your emergency fund to tide you over until you found
a new job.[/quote]This is a fantastic point thanks

[Pheranmi]

We save money for future use

[Pheranmi]

For Future use like.

[Yamcybab]

Normally we save money for the future use, that’s we do not spend all the money we earned at once

[Yamcybab]

People also save money to help others who are in need

[Yamcybab]

Saving money enable us to pay the children school fees, 🏠 rent,utility bills(i.e. electricity, water etc).

[Yamcybab]

Saving money enable us to pay the children school fees, 🏠 rent,utility bills(i.e. electricity, water etc).

[Author]

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