ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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save
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burn
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copy
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trash
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Detailed explanation-1: -Savings is the amount of money left over after spending and other obligations are deducted from earnings. Savings represent money that is otherwise idle and not being put at risk with investments or spent on consumption. Savings accounts are very safe but tend to offer very low rates of return as a result.
Detailed explanation-2: -It gives you a better future: Your savings can be the answer to a number of your goals. You can buy a house, accumulate funds for your retirement, or purchase a vehicle. You can secure your future, indulge in the best of things that life has to offer and live a very fulfiling life.
Detailed explanation-3: -Saving money is always a good idea. Even a few dollars a week can add up to a lot over time and can help you pay for the things you might want later.
Detailed explanation-4: -Keep track of your spending. Separate wants from needs. Avoid using credit to pay your bills. Save regularly. Check your insurance policies. Be careful about spending a significant amount of money on periodic purchases, like gifts and vacation. Cut or downgrade your services. More items