Why Do We Save Money?

[itsmejob]

Make sure to make savings an automatic action. Save at least the 10 percent of your salary or what you earn from your business.

We save money because it is the right thing to do. We save money in order to secure our saving account is healthy. Of course we don't want to have financial problems. If we encounter such, we can have peace of mind that we have an emergency funds.

How much do you save? If you say you can't save money today, watch for your expenses. If possible learn to cut expenses. Do not buy stuff that you don't need. Stop buying that you want - buy those that you only need.

 

[eLdavis]

When it comes to reasons as to why we save, there are so many reasons and each and everyone of us have our reasons. For me, one major reason is cause I do not want to be broke, so I can have extra to invest on other things.

 

[Starmix]

I started saving years ago but ceased to save during the pandemic. There was no banking and there were series of lockdowns. For 3 years, I missed saving, but during the new normal I resumed saving.

 

[freelancermaria]

I only recently began saving, amid the height of the pandemic. I used to indulge in unnecessary items, but I've realized that it's not practical, especially as I become older and need to save.

 

[Suba]

Of course there are many reasons why we save money, first we can train discipline and differentiate between wants and needs, we will also have money when the need is urgent, we can also use savings to buy expensive items, such as motorbikes, cars, houses. etc.

 

[klassicdoll]

I save money for future emergencies, travel, and other expenses. And also, I don't like having no money in case of an emergency, as I hate to ask for it.

 

[Starmix]

It is good tp save money if plan to travel to a favorite country. I plan to travel to Japan this year which is why I have a separate saving for that purpose.

 

[Sanjeev]

Yes I save approximately 30% of my salary every month. Its always essential to save your money as today there is always an uncertainty when you require money and when at some stage you don't have money when you require it , it feels bad

 

[AruneBend]

People save so they would have more money in the future a lot of people save money for pension and things like that I also save for the better fature

 

[Stardom22]

ln the truth of the matter l do save money for the purpose of future use and probably for investments

 

[itsmejob]

When it comes to reasons as to why we save, there are so many reasons and each and everyone of us have our reasons. For me, one major reason is cause I do not want to be broke, so I can have extra to invest on other things.

That is a good reason to save. Not wanting to be broke. And also, another is you are able to put something for investments. Which is another good thing for you.

 

[neku]

In some countries, experience is not valued, and older citizens do not get any paid work at all or are exploited, especially if they are from poorer communities, So it is necessary to have savings to lead the life you want.

 

[Augusta]

Saving money is good you would be able to live above debt as you can easily reach out to take from your savings during emergencies

 

[King Belieal]

Some people save money to use for a particular project they want to undertake. It is easier to save bit by bit for projects than to use fire brigade approach to source for funding.

 

[Starmix]

Saving money means saving lives. No money no chance for a happy and debt free life. Saving makes sense. We can not easily borrow money from our relatives. To avoid dismal feelings start savings while there is still time.

 

[eLdavis]

That is a good reason to save. Not wanting to be broke. And also, another is you are able to put something for investments. Which is another good thing for you.

Yes especially with our current economy that is no where near stable, it's better to have something to fall back to in the future.

 

[Augusta]

people save money to use for a particular project and they do not stop until they have completed it

 

[Springtime]

There are many reasons why we need to save money. To name a few, we save for emergency use, we save for retirement, we may also save to travelling or buying a big-ticket item.

 

[riberet19]

I save money in order to invest it at some point, it is my main reason for saving, I think saving for the sake of saving is not a good idea, money loses value quickly.

 

[Fire&Rain]

I save for the future. I depend on online pay to survive so best option is to save any amount I can so that I may not struggle when I get old.