Sorry, saving money should not be done to increase debt.
Here are two good reasons to save money:
1. To have in case of an emergency expense: Unexpected costs can arise at any time, such as a medical emergency or car repair. Having savings set aside can help cover these expenses without having to go into debt.
2. To save for something expensive: Saving money can help you reach larger financial goals, such as buying a home, going on a vacation, or purchasing a new car. By setting money aside regularly, you can work towards achieving these goals without needing to take out a loan.
What are two good reasons to save your money. (2 points)
to buy something expensive
to have in case of an emergency expense
to become financially dependent
to increase debt
1 answer
1 answer