I think the pandemic and the lockdown that came with it would have thought everyone the need for savings for rainy days. Many people were only able to survive thanks to what they had put aside previously.
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Yes people who becomes old and gets their pension also need saving. To start a small business for their old age..and to use in the time of emergency. If they ll not have saving then how can they lead a happy life in old age.Of course! Saving is very important, without saving it will be frustration after retirement, though People save for different purposes.
I think saving is important in life because it sure beats not saving and been lack of money to cater for emergencies whenever they arise. But i think the most important is investing because with proper investment you will have more than the initial money you would gain from all the savings.I saw many people who earn and spend their whole earning. They don't care for difficult time and don't save money for time of trouble. But I am not in favor of this thing, I think we should save some for emergency. Because bad time can come anytime and if we don't have any saving for that time,it ll create problem.
What is your opinion ?
Saving is a life saver. What could be done without it? No investment, no tangible education, no emergency fund etc. Anyone that spends all he earns is running on a treadmill. He won't get anywhere or achieve anything.I saw many people who earn and spend their whole earning. They don't care for difficult time and don't save money for time of trouble. But I am not in favor of this thing, I think we should save some for emergency. Because bad time can come anytime and if we don't have any saving for that time,it ll create problem.
What is your opinion ?
Saving is a life saver. What could be done without it? No investment, no tangible education, no emergency fund etc. Anyone that spends all he earns is running on a treadmill. He won't get anywhere or achieve anything.I saw many people who earn and spend their whole earning. They don't care for difficult time and don't save money for time of trouble. But I am not in favor of this thing, I think we should save some for emergency. Because bad time can come anytime and if we don't have any saving for that time,it ll create problem.
What is your opinion ?