why is it necessary to save ?How can saving be affected through budgeting
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We save, basically, because we can't predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency. Here are a few reasons why we save: ... You will need money set aside for these emergencies to avoid going into debt to pay for your necessities.
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The importance of saving money is simple: It allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen. And, if you have savings set aside for discretionary expenses, you may be able to take risks or try new things.
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