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