Why Savings is Important?

 Why savings is important? It may be common to talk about saving money but it is crucial to have savings in life. Though money is the root of all evil. Money is like our human organs which synchronize and circulates in our life, eventually makes people healthy as well as wealthy. Now let's look at some reasons why savings is important.

Savings is Must

I. Helps in Emergency

Mishap

House Fire


 Savings helps us during emergencies such as mishap, house fire, and natural calamities. Likewise, savings can rescue people at once who are in financial crisis.

Natural disaster

II. To Achieve Goals in Life

Wristwatch

Laptop

 Your savings can also aid you to claim rewards in the form of accumulated money. To achieve short term goals such as to purchase jackets and wristwatch. In addition, to reach medium term goals like to buy laptop and computers.

Build/Purchase House

Moreover, the accumulated money can even help us to attain long term goals such as to purchase house and to even build house  your savings can help you a lot.

III. Eliminate Debt

Eliminate Debt

 The money that you have saved will help you to pay debt instantly but it is not really a good idea to use saved money. As your interest on Savings will be affected. However, if you have savings habit. I bet you, you will not be in debt because before saving, all we have to do is clear the debts that you have been carrying on your shoulders.

IV. Reduce Financial Stress

Financial Stress

 If you have been in a financial crisis for several times. It's better to get out of financial crisis than doing nothing because once you have build a very strict habit to save money. Instead of spending unnecessarily, it will help you to reduce your financial stress level.

V. Financial Freedom

Financial Freedom 

 Once you have strongly agreed and begin to save money according to your plans and your income. You will get the power to attain financial freedom where you can help your parents, relatives and friends who are in need because being Giver is much better to Receiver.

VI. Increase Your Money Volume
Your Money

 Every end of the month, you will get interest on savings along with your principal amount. For instance, let's say you have principal amount of $2000 and in return you got $2009. $9 is your interest on savings. Each month your savings gets benefits that is the Interest on Savings.

VII. Reach Your Ultimate Dream

Attain Your Dream

 In your life, you will struggle the way adults have struggled earlier. We strive for our living and stabilize our health alongwith wealth. By the time, you reach at certain level. People will highly recognize you and also look up to you as one of the riches successfully fulfilling your dreams.

VIII. Inherite Your Property

Inherit Your Property 

The properties that you have earned can be inheritated to your sons and daughters as a gift as well as your children can be rescued from financial crisis without breaking their sweats. Indeed, your children can further multiple the amount through proper investment.

IX. Aid Your Grand Old Age

Help out Your-Self During Retirement 

 In today's generation, God will help those who help themselves meaning money will not grow on tress. Nevertheless, money can be multiplied using your head properly in various fields and certain portions of money you have saved can be used again in future which is as same as buying security beforehand especially after your retirement.

X. Help out Your Vacation & Education

Blissful Vacation

If you are planning to study in a renowned universities. Your Savings can help you to pay the College fees on time and let you even carry on your high studies.

Upgrade Education 

Additionally, if you are planning to hangout with your family and loved ones. Your Savings on your vacation will give you confidence to enjoy your vacation more blissful and fruitfully.


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