Why is it important to save money? (1 point)
If you have money in savings, you won't be charged interest on your
loans.
If you save money now, you will have multiple bankruptcy options in
the future
Saving money allows you to pay for expensive goods and services in
the future.
Saving money is a requirement once you start earning a regular salary.
1 answer
Saving money is important because it allows individuals to have funds available for unexpected expenses, emergencies, and future goals. By saving money, individuals can avoid going into debt and have financial security. Additionally, saving money can help individuals achieve financial independence and build wealth over time.