Question

please send me points Wise in 150 words essay

Answer 1

Savingmoney when you're young age is an important lesson. All good lessons and habitsbegin early, and saving is a skill that everyone needs. Many people - adultsincluded - do not have a good sense of saving for the long run. Besides being agreat way to ensure you have enough money for your old age, saving money when youare young can only help your future.

I have been lucky to learn thislesson early because I have had a lawn business since I was ten years old. Of themoney I make, I spend approximately ten percent and save the otherninety.

Making sure you don't spend too much and continuing to save is agood way to accumulate wealth. I have put my earnings in a bank, and withinvestments and regular interest rates, have almost doubled my savings. Yourmoney will double after twelve years at a modest rate of six percent interest.

Answer 2

Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.

Deposit a portion of your income in a savings or retirement account. Don't accumulate new debt, and pay off any debt you currently have. Establish a realistic timeframe for your savings goals. Create a budget and keep track of all your expenses. Invest in the stock market only if you understand the ins and outs of the gambles you make. Spend money only on the essentials, and look for cheaper options where available, from housing to food, transportation, or energy usage. Save for an emergency fund. Spend money on luxuries only occasionally.

Saving money is advantageous because it provides people the opportunity to earn interest while keeping their money safe. Investing money can be risky, but it offers higher returns than bank savings accounts and can help people build wealth over the long-term.

Conclusion

Saving money may seem like a hard thing to do - especially if you don't have a lot to start with.  

But even pennies add up, and as you see here, saving a little can help you do a lot more for yourself, it can help you make bigger changes in your life, be in control, and be less dependent on others.  

Sometimes though, it's impossible to avoid borrowing money. Anything we borrow - even from family or friends - must be paid back. Generally, we pay back a lot more than we borrow so we end up spending more than we realise. Remember, if you can't afford to save a tenner each week, you can't afford to pay back a tenner each week on a loan.