English, asked by varundhawanhhhh, 1 year ago

article on the necessity of savings

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Answered by Anonymous
5
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Answered by suvika06
10
Saving is a great way of preparing for unexpected costs, annual bills and important events - such as Christmas, birthdays, car repairs, servicing and insurance.

Plus, anyone's circumstances can change, at just about any time. If we lost our job, we may qualify for benefits but it can take some time for this to be paid. our savings could tide us over until we have money coming in again.

Children also cost money and if we take maternity leave we will probably have a significantly reduced income for a period of time. Having said that, we can usually plan for this kind of event, while financial emergencies such as dental treatment, illness or the boiler breaking down can be a complete surprise - and without savings, we may need to borrow money to meet those costs.

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