Saving is the practice of saving money earned. This money is stored in a safe place as in a bank or in stock or bond. Savings can also be said to provide an umbrella before rain. There are many goodness that we will gain if we save.
One of the advantages of saving is that we will gain. This is because the money saved in the bank will be paid interest while the shares will be paid dividends. For example, if we keep money in a fixed deposit account, we will be paid interest at the rate and time of deposit. Therefore, the longer the money is saved, the higher the interest rate will be.
The saving practice will educate us to keep our savings. Thrifty attitude is actually a good practice as we will be more careful in making expenses. Therefore, it can avoid wastage. For example, when having extra money, someone who does not save will be willing to spend the money to buy the item he or she wants. Strictly, saving love will make one not waste.
Savings can also help us in emergency situations that require money. We can not really expect that which will happen to us or our family, as the unfortunate person does not smell. Therefore, if we get accidents or illnesses, we can use the savings to get good treatment at the hospital. Therefore, the available savings can save your life in an emergency.
Savings can also control inflation. This is because when we save money, money flowing in buying activity is less. This situation can prevent the rise in the price of goods in the market. If the price of goods does not rise, inflation will not occur. Therefore, saving can control inflation.
In conclusion, we must adopt a saving attitude. Children should be encouraged to save themselves from childhood. The saved money may be a little bit but it's just too long to be a hill.
