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Importance of Savings - Why To Save

Saving is important to plan for both fixed and undetermined future expenses. People should save for expected life events like marriage, recurring costs, and illnesses, as well as unexpected emergencies that provide no warning. Proper financial planning involves budgeting for contingencies from the start to avoid being unprepared for costs down the road.

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ykbharti101
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78 views1 page

Importance of Savings - Why To Save

Saving is important to plan for both fixed and undetermined future expenses. People should save for expected life events like marriage, recurring costs, and illnesses, as well as unexpected emergencies that provide no warning. Proper financial planning involves budgeting for contingencies from the start to avoid being unprepared for costs down the road.

Uploaded by

ykbharti101
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Importance of Savings – Why to Save?

Certain things are fixed in our life, and some are undetermined and we
have to plan for both.

Events such as for marriage, incidental, recurring expenses etc. That is,
along with savings, we also have to plan for our future. For example, if we
have an elderly person in our house, then we also must keep in mind that
he may also fall ill at some point in the future. So, save for them right from
the beginning or the crop is wasted. It is a contingency expense that
comes without informing. So, planning for this is to be done in advance.

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