Question

Why is it important to save money? A) If you have money in savings, you won’t be charged interest on your loans. B) If you save money now, you will have multiple bankruptcy options in the future C) Saving money allows you to pay for expensive goods and services in the future. Eliminate D) Saving money is a requirement once you start earning a regular salary.

Answer 1

It is important to save money because If you save money now, you will have multiple bankruptcy options in the future.

Why is Saving important?

It is important to keep certain amount of your earning to prevent future lack.

This is because the material may be needed when the individual does not have enough money hence savings can be used.

Therefore, It is important to save money because If you save money now, you will have multiple bankruptcy options in the future.

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