Question

Saving may be used in future for
unforeseen contingencies.​

Answer 1

Answer:

Explanation: Saving may be used in the future for unforeseen contingencies. We can't predict about the future what is going to happen ...

Explanation:

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Answer 2

Savings traditionally constitutes that part of the disposable income which is not spend on anything or not used for consumption.

Explanation:

Personal savings basically depends on various factors such as future economic uncertainties,unpredictable government policy changes,changes in personal situations,fluctuations in individual income and so on.Savings usually increases when these aforementioned factors become prominent and people want to ensure some kind of financial or economic security against these unpredictable predicaments.Hence,savings does depends on the unforeseen future circumstances and can be used as a protective or safeguard mechanism in future.