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Why do you have to save?

Written By: admin on March 30, 2009 No Comment

Beside the most obvious reason (more money!) there are also many other reasons why we should save:

1) Extraordinary circumstances – bad things happen to good people. If you have some savings, the time of emergencies is exactly the right time to reach for them. If you don’t have them, start saving as soon as possible in order to avoid future financial difficulties.

2) Avoid debt – savings enable you to purchase during the sales without the headache that will follow if you go into debt on your credit card in order to buy on sales. Debt costs money, and it is much better to buy yourself something that you will love, instead of paying huge interests and fees.

3) Plan your future – buying a new car, providing great education for your children, early retirement – these are all goals which can help motivate you to save for your future

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