Why Savings are needed?

We save, basically, because we can't predict the future. Saving money can help you become financially secure and provide a safety net in case of an emergency.

Here are a few reasons why we save:

  • Emergency cushion

    - This could be any number of things: a new roof for your house, out-of-pocket medical expenses, or sudden loss of income. You will need money set aside for these emergencies to avoid going into debt to pay for your necessities.

  • Retirement

    – If you intend to retire someday, you will probably need savings and/or investments to take the place of the income you'll no longer get from your job.

  • Average Life Expectancy

    – With more advances in medicine and public health, people are now living longer and needing more money to get by.

  • Resposibility

    – to fulfill two major social responsibility of a man marriage and education of our child .