On any given day, it is evitable to see the people who are struggling with their economy. According to the study, 87 percent of the people who have a financial difficulty have not been saving money they earned. Likewise, saving money is very critical because of facts that a small amount of money can be a big fortune in the future and it is good way to prepare for the emergency.
To begin with, Even though people start with a small amount of money to save, it would be a big fortune in a long term. People can use a big amount of money for more necessary purpose. From my person experience, when I started saving money, my purpose was to buy a new lab top. Although I wanted to buy a new cloth with the money I saved, I try to be patient for my purpose. After a year, I finally got enough money and bought the one I really wanted to have. LIkewise, as I saved a small amount of money that was only necessary for a value of cloth, I could spend for the one I really need.
Moreover, saving money is critical point for the emergency situation. Nobody knows what is going to happen in the future. So preparing for a long term is very important for people's lives. For instance, my mom saved money without any purpose. She mentioned that it is for the emergency in the future. One time, my brother got an accident. he had to have a leg surgery. Needless to say, the hospital fee was outrageous. So my mom got all the money she saved, and paid for the hospital fee. Even though the money was gone, my brother was able to get the surgery, and we didn't have to worry about the fee.
On the whole, saving money is very important for people's lives due to the facts that a small amount of money can give people a big fortune for the future, and it is so crucial to prepare for the future. In this sense, people need to be pomoted to save money they earn and have effective lives. |