Why should I save my money?

Question

Business

Answer 1

There are no age limits to save or invest money and there are variety of reasons that make people save rather than spend the extra and the need is to cater for future needs. The future cannot be predicted precisely based on unexpected needs and wants, if we could then there is no need to save which makes it vital for the future. In the absence of it, debt risk is high, for example, not having enough money to pay for emergency health funds and other bills. Those who are wealthy have the attitude of saving which helps in making smart choices for investment. Savings assures one against fear, expand options and allows you to be in control of your destiny.