Today (30th October) is World
Savings Day, A Special Day which re-emphasizes the importance of savings in our
day to day life. Right from our childhood, We have been taught that `A Penny
Saved is A Penny Earned`. The Phrase highlights the importance of savings which
is an proven way for Financial Success.
Here are few reasons why savings is necessary for everyone.
Wealth Creation: When you save and invest your money, you are putting your money at work to create more money. This is a proven way for wealth creation.
Protection Against Emergencies: In today`s world nobody can predict what lies ahead. But by saving money anyone can be prepared for the future. When you save money, you are creating a contingency plan for unforeseen Financial or Medical issues.
Retirement Planning: Retirement Planning is not a short term goal. It requires regular and disciplined savings for long term. By saving your money, you can ensure a hassle-free retirement without worrying about money.
Achieving Financial Goals: When you save regularly, you need not compromise on your financial goals and can achieve them easily without falling for the trap of loans at higher interest rates.
Here are few reasons why savings is necessary for everyone.
Wealth Creation: When you save and invest your money, you are putting your money at work to create more money. This is a proven way for wealth creation.
Protection Against Emergencies: In today`s world nobody can predict what lies ahead. But by saving money anyone can be prepared for the future. When you save money, you are creating a contingency plan for unforeseen Financial or Medical issues.
Retirement Planning: Retirement Planning is not a short term goal. It requires regular and disciplined savings for long term. By saving your money, you can ensure a hassle-free retirement without worrying about money.
Achieving Financial Goals: When you save regularly, you need not compromise on your financial goals and can achieve them easily without falling for the trap of loans at higher interest rates.