Social Sciences, asked by wwwbedbahadurkhadka, 5 months ago

Explain four advantages of saving money.​

Answers

Answered by Anonymous
1

Having some amount in savings can help one to limit the amount of debt burden that they have. Savings can be used to finance certain expenses instead of using a credit card. This will definitely limit the amount of debt liability and will also save the amount that could have been spent on interest.

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Answered by yashdilip2
1

Explanation:

Saving money requires a lot of discipline. However, with firm determination, it is not a difficult habit to adopt. Many Singaporeans can benefit greatly from the habit of saving if they choose to do it faithfully. Have a read of Thrifty Two for tips on saving your money then read some of the benefits as described below:

1. Helps in emergencies

Cushions against sudden job loss:

Helps to finance vacations

Gives financial freedom

Helps prepare for retirement

....etc

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