If you save it in an account, you can gain interest. Conversely, if you save it in a bank, you run the risk of the bank folding, fraud, scams, hacking, etc. On a more philosophical level, you can save for a "rainy day" that may never come and you could have enjoyed the money. There is a balance. You need to save money for repairs to your home or car, unexpected events, retirement, and for fun things such as vacations. It's always a good idea to have an emergency fund of at least 3 to 6 months' salary. On the other hand, you don't want to be so miserly that you save too much money and don't enjoy life.
Well the advantages of having money is that you can pay your bills, people will respect you more and can hire business.
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disadvantages you can go prison its bad and you shouldn't do it cheating innocent people out their money if caught u get fined ALOT advantages you get losts of money extra revenue means more profit
There are quite a few advantages and disadvantages of fuel price hikes. One disadvantage is that less fuel is purchased bringing in less money.
I would say that the main advantages and disadvantages of instalmet sales are that they cinsume your money and they let you pay for the things you can't afford or don't have all the money for.
There are a great many advantages and disadvantages of adoption. Advantages include saving a child's life from what they came from.
advantages: Money, Fun Disadvantages: injuries
Advantages include the fuel economical benefits (saving money on fuel and being able to go further on a tank) disadvantages include looking gay and not being able to get many aftermarket parts for it
Advantages time saving speed very big industry- creates lots of jobs Disadvantages costly on your pockets costly on environment
Advantages : Less time consuming Less money saving less paper needed less space needed Disadvantages: Make employees lazy Eye strains
Advantages: They can eat what they growed Disadvantages: They had to pay money to the Seigneur
advantages: a lot of money disadvantages:none
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The Advantages to The Habitant Were: They Can Eat What They Growed. Disadvantages To The Habitant Were: They had to pay money to the Seigneur
Advantages: You make a lot of money Disadvantages: You could possibly lose a lot of money
The advantages are that u can get to places faster. the disadvantages are it pollutes and wastes money on fuel.
There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.