Importance of Saving

Importance of Saving

Importance of Saving

200 Words

Habit of spending small sums without thinking about them it is strange how quickly money seems to disappear 100 rupees note seems a good sums but when it has been changed how quickly it goes it is no good afterwards to try to remember every little purchase that has been made they should be noted down at the time.

There is an old proverb in English.” take care of the pennies and the pounds will take care of themselves. The man with a small salary is very likely to get into difficulties unless he learned to “budget” for his monthly spending. Fixed amount should be set aside under each heading, rent, food, clothing, school fees, insurance, and so on. The ideal budget would also include a fixed sum, no matter how small to be set apart.

Each month as savings is better to kept in a bank, only by such a method can a man live within his income. Saving money can help us to become a financially secure and also provide safety net in case of an emergency.  If you intend to retire someday then you will probably need savings  to take the place of your income that you’ll no longer get from your job.

300 Words

Habit of spending small sums without thinking about them it is strange how quickly money seems to disappear 100 rupees note seems a good sums but when it has been changed how quickly it goes it is no good afterwards to try to remember every little purchase that has been made they should be noted down at the time.

There is an old proverb in English.” take care of the pennies and the pounds will take care of themselves. The man with a small salary is very likely to get into difficulties unless he learned to “budget” for his monthly spending. Fixed amount should be set aside under each heading, rent, food, clothing, school fees, insurance, and so on. There is famous proverb cut your coat according to your cloth. If you spend more than you earn results of this is that a debt gradually begins and that is very difficult to get rid of.

The ideal budget would also include a fixed sum, no matter how small to be set apart. Each month as savings is better to kept in a bank, only by such a method can a man live within his income. Saving money can help us to become a financially secure and also provide safety net in case of an emergency. If you intend to retire someday then you will probably need savings to take the place of your income that you’ll no longer get from your job.

Savings helps you in emergencies because they are always unexpected. Savings are cushions against sudden job loss. They gives you a financial freedom. Savings or investment helps prepare for retirement and also helps to finance the down payment for mortgage. So keep on the right side of the line and the only sure way to saving is to spend with method.

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