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Home» Questions»Q 153957
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Slaky12
Slaky12Knowledge Seeker
Asked: May 20, 20242024-05-20T17:29:15+00:00 2024-05-20T17:29:15+00:00In: Money & Business

What real good about saving money?

It’s actually necessary to save money, saving Money can be helpful in several ways sure like having an emergency which needs money

emergencymaking moneysaving money
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4 Answers

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  1. Abigael
    Abigael Trusted Adviser Abigael
    2024-05-22T12:05:42+00:00Added an answer on May 22, 2024 at 12:05 pm

    There are many good things that come from saving money. They include: 1. Saving gives you financial freedom since you don't have to be constrained by financial limitations. 2. It gives you a safe haven when emergencies occur, you don't have to stress too much when emergencies strike. 3. Saving enablRead more

    There are many good things that come from saving money. They include:
    1. Saving gives you financial freedom since you don’t have to be constrained by financial limitations.
    2. It gives you a safe haven when emergencies occur, you don’t have to stress too much when emergencies strike.
    3. Saving enables you to pay off debt and keep off debt as you can borrow from yourself during time of need.
    4. Saving helps you achieve goals and carry out investment opportunities that could help you grow your wealth.

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  2. spencer
    spencer Enlightened Mentor
    2024-05-26T18:58:51+00:00Added an answer on May 26, 2024 at 6:58 pm

    By saving money, you are getting ready for war before it surfaces, life is unpredictable and thus anything can happen, you can get sick or your loved one might be in trouble and it'll be a thing of joy to be able to be the one that'll rescue them, you can use your savings to do that. It is also an aRead more

    By saving money, you are getting ready for war before it surfaces, life is unpredictable and thus anything can happen, you can get sick or your loved one might be in trouble and it’ll be a thing of joy to be able to be the one that’ll rescue them, you can use your savings to do that.

    It is also an antidote towards other unfortunate events like losing a job, sigh a good savings balance you can sustain yourself for quiet a time before you land another job.

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  3. Carpon
    Carpon Expert Mind Hustler
    2025-08-12T16:23:55+00:00Added an answer on August 12, 2025 at 4:23 pm

    Saving has always stood out as a very good way to have something to place your hand upon when times of emergency come because you can be able to have something like an emergency funds. Saving can come handy when you have projects to implement meaning when you have something like a business plan, theRead more

    Saving has always stood out as a very good way to have something to place your hand upon when times of emergency come because you can be able to have something like an emergency funds.

    Saving can come handy when you have projects to implement meaning when you have something like a business plan, then you can use your savings to go ahead and implement that idea on your mind

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  4. De Mogul
    De Mogul Expert Mind A student
    2025-08-12T19:43:40+00:00Added an answer on August 12, 2025 at 7:43 pm

    Saving is a very nice concept that allows you to keep some excess for the sake of the future. We all know that the future cannot be predicted which means we have to stay ready and prepared to face whatever it has for us. Saving is your only defense when it comes to some unprecedented outcomes from tRead more

    Saving is a very nice concept that allows you to keep some excess for the sake of the future.
    We all know that the future cannot be predicted which means we have to stay ready and prepared to face whatever it has for us.
    Saving is your only defense when it comes to some unprecedented outcomes from the future .
    It might be an emergency regarding health or a business plan that needs to be implemented

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