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Savings - Coggle Diagram
Savings
Not Saving
Not saving money is a bad thing because when you don't add money to your saving or don't have a saving it can effect you in the long run when you try to purchase something that is pricey or you need a bit of money to pay a bill.
If you dont save your money you could end up in debt that you cant afford. You also might end up not having enough money to pay the bills which means you wont be able to live comfortable.
If you do not have a savings you should see where you stand and see if you can afford to put some money aside into a savings and then from there if you don't know how you can learn to make a budget.
Not Spending Income
Not spending income means to save your money. Saving your money will help save up for more expensive item that you want.
If you save you will be covered for the future. If you dont save you will have to keep working for the rest of your life because without money you cant live.
If you save you will have a better life finacially. You will be able to allow yourself to buy some of the things that you want.
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Benefits
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Saving money will help in unexpected emergencys. If you dont have any spare money you are going to have a herd time if the is an unexpected emergency.
You have the security of knowing something that if something should go wrong there is money set aside.
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