ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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financial emergencies
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exciting financial opportunties
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financial security
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all of these
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Detailed explanation-1: -People save money for a variety of reasons as it provides financial security and freedom and also secures you in case any financial emergency arises. One can avoid debt, pay off loans, live their dream life and avoid further debt if they have saved a sufficient amount (which differs from each individual to other).
Detailed explanation-2: -Saving provides a financial “backstop” for life’s uncertainties and increases feelings of security and peace of mind. Once an adequate emergency fund is established, savings can also provide the “seed money” for higher-yielding investments such as stocks, bonds, and mutual funds.
Detailed explanation-3: -Financial independence. Financial independence gives you the ability to live without depending on others for financial support. Emergency funds. Debt Free Living. Better Retirement. Leave a legacy for loved ones. Achieve long-term financial goals. Investing. Irregular or recurring expenses. More items •15-Dec-2022
Detailed explanation-4: -Easy Access. Savings accounts provide a liquid option for customers to keep their cash stowed away yet accessible in case of an emergency. Keeps Money Safe. Growth Opportunities.