Monday, October 23, 2017
   
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Why Should You Save?

Saving is important. The list of reasons should motivate one to start saving. Savings should be stored in a safe place, preferably a bank or saving institution which will allow you to:

  • Earn interest and help your money grow;
  • Reduce the temptation of spending irresponsibly;
  • Make safer payments that are┬áless time consuming and less expensive;
  • Establish a relationship with the Bank;
  • Enjoy services offered by banks such as access to loans;
  • Have enough funds to cover living expenses in the event of a disaster or sickness;
  • Pay for university/college expenses, wedding, buying a home and for a comfortable retirement, among others.

Develop a habit of saving.