What difference would it make if your parents did not save? What consumption have you sacrificed in terms of consumption in order to save on your weekly allowance? What were you able to buy with your accumulated savings? What is now the benefit of saving for and investing in those purchases?
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Answer:
Saving is a great habit that helps you in difficult times.
Explanation:
- Parents start saving money which they used to pay the school and college fees of their children.
- You could save a good amount of money from your weekly allowance.
- Instead of spending money on useless and temporary things, you can save that money to buy something useful in the future.
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