Imagine that you have a friend who doesn't have any money in his
or her savings account. Convince this friend that it's important to
create and follow through with a savings plan.
Money is a valuable possession in todays society, and as
with most valued items, one should constantly possess a ration of it
stowed away for any upcoming occurrences. To accumulate this coinage,
many people attain a savings account at a bank. This indemnifies that
your money remains safe and readily obtainable. There are many
motives as to why People ought to bank money. One goal is for
college. Also, one should save money in the circumstance that they
fail to their job. Retirement is another good reason to begin saving
money. Saving money is essential if one desires to live a peaceful
life.
College education is an important asset to acquire if one
desires to obtain a decent job . A decent job will help one to get a
lot of money but to go to a good college, a large amount of money is
also required. Most college prices range from fifty to a hundred
thousand dollars. One way to acquire this money is by saving money.
If one is to save an amount of money every year from a young age,
when time comes for that individual to attend a college he/ she will
have a sufficient amount of funds to compensate for it.
Every year, company's terminate countless jobs, leaving
various individuals with no means to support themselves. Many of
these individuals can become homeless. Money becomes a necessity in
these dangerous times. If an individual has an amount of money set
aside, he/she can use this money to acquire necessary items for
themselves and their families. The money will aid one financially
until they are able to acquire another job.
Just as one must be a certain age to acquire a job, after one
exceeds a certain age they should no longer attempt to attend to a
job. With old age comes memory loss and many other side affects that
render an individual unable to complete tasks a certain job requires.
At this old age, retirement is the way to go. But to retire, one must
have an amount of money saved up to be able to live the rest of life
as peacefully as ever. Not only should they have enough money for
necessity's, but there should also be enough money to allow a
person to enjoy old age. A savings account for retirement is
commonly known as a retirement fund, having a retirement fund ensures
that one will not have to continue working after old age.
In conclusion, saving money is an
essential habit that should be practiced by everyone. Saving money
will allow one to attend good colleges, deal with emergency's
easily, and live a happy retirement. If one is to begin saving money
from an early age, they will have the privilege of later living a
financially stable life. In the end, an amount of money save could
just be the difference between a good life and an horrible one.
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