Savings is crucial for everyone, regardless of their earnings, spending and life stage. People tend to be happy on the day that they get paid. What makes this so is that, on this day one gets money and gets to enjoy spending it the way he wants. He can go out travelling, eat food in the best restaurants, go out shopping for clothes and shoes but only till the time the money lasts and one has to wait all over again for the next pay day and the cycle repeats. You are at the right place if you are in this cycle. Here are some reasons why you need to start saving.
TO MEET EMERGENCIES
Who would have thought that the entire world would be suffering from a pandemic? Emergency conditions are hard to predict but can be prepared for. An emergency can be anything, we lose a job, we get sick and we’re admitted in a hospital for surgery and could be even worse. There are many such calamities which we do not have control on but what we do have in our control is the way we plan. This is why we must save.
SAVINGS FOR PURCHASE
Maybe you have come across something beautiful that you really want to buy, like a car, houses etc. Do you want to make these dreams a reality? The solution is simple: you need to save. Savings is the first step to accomplish all your bigger dreams.
SAVINGS FOR RETIREMENT
We are active now and it’s been easy to earn. But will we always remain the same? As years pass, we get old and our body may not support us the way it does today. Savings can help us in our old days.
IT OFFERS PEACE OF MIND
Knowing that you have a certain amount accumulated for times of your need, gives you the peace of mind. You can lead a stress-free life with the knowledge that you will not have to struggle if things take an unexpected route.