Ask Leo: How has Savings make our life better?

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Savings is the best way for us to secure a better life and great future. I believe that we all have a limited time to live our life and that's why we have to make sure to work hard and save more when we still have the strength to do that because there will come a time when we won't have the strength to work again and the only thing that we will be left with is what we have saved.

In as much you're putting your savings in a right and secure place then you surely have a great day to live ahead of you. Sometimes, I wonder why people just squandered their money by spending lavishly on something that doesn't add up value or something that will keep depreciating with time.

Meaning of Savings

Savings simply means a way of setting or keeping some portion of ones income aside for future use.

#How did savings make our life healthy

I believe that savings sometimes can be a hard thing to do for some people because of how they even managed to survive per day due to financial instability but with determination and dedication one can start to put small portion of his income in to savings and that could yielded in to something great in the nearest future.

Apart from putting some income in to savings to have a wonderful retirement time, there are still some benefits that are inclined towards savings and which are :-

Savings is very essential to one' life because it present us the freedom from hardship and anchor one in a financial crisis.

Savings can also be another way to build wealth because drops of water can become a river. With consistent accumulation of savings then it may become something huge in the future.

Savings help us to avoid any financial emergency like facilitating a better life for our children especially about their education aspects. The cost of living is increasing day by day and so is the cost of education. But when one have a great savings then it may help us to tackle such situations or challenges.

Sometimes we have a dream to buy something huge which we know it can't be possible because of our low earnings but with the aid of savings we can afford to buy anything and achieve our longtime dream.

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8 comments
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Saving will feel very heavy when we start. Setting aside some of our income every month is not easy if we are not used to it. However, with the passage of time and saving has become a habit then everything will feel normal.

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I'm inconsistent when it comes yo savings but now with hbd savings I think I will have to force myself to get involved one way or the other

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I'm inconsistent when it comes yo savings but now with hbd savings I think I will have to force myself to get involved one way or the other

I think making savings a habit will really help you on a long run and I will have to follow your lead.

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