1.) You won't have to pay tens of thousands in interest when you borrow money. 2.) There's always some emergency that pops up...and it won't bother you. 3.) It gives you unbelievable freedom to do what you want to do, when you want to do it. 4.) Having cash helps you become anonymous in your life. Companies profile credit card users. 5.) People will trip over themselves trying to give you money because you don't need it. 6.) You sleep better at night not worrying about loosing your job. 7.) People with money rarely get trapped in a relationship. ("I can't afford to move out.") 8.) Its easier to be "generous" because it comes from your surplus. (its a really bad reason to be charitable but it comes with having money) 9.) You feel more in control of your life because you have more options.
...and my favorite and personal goal...
10.) If you have enough savings you can tell your boss to shove it!
I've been debt free with cash in the bank for 10 years and loving it!
Other benefits are:
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earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.
Advantages of saving money, rather than spending it would be that when you save it you can then purchase something bigger. Also, if you ever lose a job or something you would then have something to fall back on.
Saving lifes, more money and higher education
it is energy saving as they do not use batteries and there for do not use up your money
Two advantages of using a horse and cart are saving the earth by not emitting harmful toxins into the atmosphere, and also saving money on gas or other cost associated with travel by car.
Saving time, and time is money.
Lead generation software enables you to boost your business sales, by automating the process of gathering and qualifying leads. With lead generation software, you can set up rules and conditions for any lead call or message type. Lead generation software provides a faster and more efficient way to manage leads, automate follow-up tasks and increase the conversion rates of your marketing campaigns.
saving money is when you save your money and it is real.
computers are better bescause u are saving money on paper
Some advantages are:Your money is not idle and earns an interest for youThe interest earned in a CD is much higher than the interest you will earn in your savings or checking accountYou can withdraw your money anytime you want
The chief advantages of having a Saving Bank Account are 01) It enables to save money.02) It develops the habit of Saving.03) It enables us to deal less in physical cash.
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.