Tell me five or more different types of saving
priyaraj46:
save the money
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1. Emergency fund
Your emergency fund is money you set aside for the unexpected. It can especially come in handy if you become temporarily disabled or lose your job.
It’s recommended that you have at least three to six months’ worth of expenses in an emergency fund. While that may be a daunting target, try and start your emergency fund with whatever money you can.
2. Holiday spending
It’s not uncommon to ring in the new year with new debt. In fact, credit counseling agencies see a 25 percent increase in people seeking financial help in the first two months of the year. Most of that influx comes as a result of holiday spending.
3. Vacation fund
While you may need a vacation now and again, going into debt for a trip with the family isn’t worth it. That’s why eight in 10 Americans paid for at least part of their summer vacations last year using savings.
4. Medical expenses
It’s tough to predict when you may incur some significant medical expenses.
If you have a high-deductible health insurance plan, you may be able to set up a health savings account with your bank. A health savings account is a tax-advantaged account created specifically for medical expenses.
5. Slush fund
You may have already incorporated some fun money into your budget. However, there might be some things that are out of reach of your standard monthly allowance.
Your emergency fund is money you set aside for the unexpected. It can especially come in handy if you become temporarily disabled or lose your job.
It’s recommended that you have at least three to six months’ worth of expenses in an emergency fund. While that may be a daunting target, try and start your emergency fund with whatever money you can.
2. Holiday spending
It’s not uncommon to ring in the new year with new debt. In fact, credit counseling agencies see a 25 percent increase in people seeking financial help in the first two months of the year. Most of that influx comes as a result of holiday spending.
3. Vacation fund
While you may need a vacation now and again, going into debt for a trip with the family isn’t worth it. That’s why eight in 10 Americans paid for at least part of their summer vacations last year using savings.
4. Medical expenses
It’s tough to predict when you may incur some significant medical expenses.
If you have a high-deductible health insurance plan, you may be able to set up a health savings account with your bank. A health savings account is a tax-advantaged account created specifically for medical expenses.
5. Slush fund
You may have already incorporated some fun money into your budget. However, there might be some things that are out of reach of your standard monthly allowance.
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saving of money. saving of phone with hackers. saving trees. saving of water to polluted. saving of debit card.
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