ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The importance of saving money is simple: It allows you to enjoy greater security in your life. If you have cash set aside for emergencies, you have a fallback should something unexpected happen. And, if you have savings set aside for discretionary expenses, you may be able to take risks or try new things.

Detailed explanation-2: -Studies have shown that taking time away from the job can have physical and mental health benefits. People who take vacations have lower stress, less risk of heart disease, a better outlook on life, and more motivation to achieve goals.

Detailed explanation-3: -How much does the average vacation cost? The average vacation costs about $1, 200 per person. If you’re traveling as a family of 4, aim to save at least $4, 800. This number includes transportation, accommodations, food, and entertainment.

Detailed explanation-4: -Pick Up a Side Job. Sell Your Stuff. Make Your Credit Card Work for You. Cut Back on Your Monthly Food Budget. Use Your Car to Make a Little Cash on the Side. Make Money With Your Home. Spend Less on Your Workout. Find Deals on Outdoor Equipment. 21-Feb-2023