answersLogoWhite

0

They save by putting their money in a bank account because in stocks its more like gambling and hoping for the best. In a bank account you have a guarantee that you have your money and how much you put in. Also in a stock you can quickly be a millionaire or become broke depending on the stocks.

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What can someone do to persuade their friend to stop spending so much money buying WOW gold?

If you think your friend is spending too much money buying WOW gold then you need to show them what else they could be buying with that money instead.


What are the effects of sales tax on consumers?

Sales tax directly reduces consumers buying power. When sales taxes are high, consumers are forced to spend more money on taxes and less to spend on other items.


When consumers spend their money to purchase Amazon Kindles or computers with an Intel processor or when they discontinue buying such items as compact discs they are telling resource owners?

. When consumers spend their money to purchase Amazon Kindles or computers with an Intel processor, or when they discontinue buying such items as compact discs, they are telling business owners


How you can handle your money not to spend so much?

try making things instead of buying them


What are the benefits of putting money into a bank?

Some benefits of putting money into a bank are: 1. You save money for your future requirements like retirement, buying a house, children's education etc. 2. You earn interest out of your money deposited in the bank and hence you keep making money out of the money you put in a bank.


How did people save money in 2010?

They made their morning coffee and tea at home instead of buying it


When would it be a good idea to invest your money instead of putting it in a savings account?

It would be a good idea to invest your money instead of putting it in a savings account when you are looking for potentially higher returns over a longer period of time and are willing to take on some level of risk.


How does recycling help save you money?

Yes.Recycling does help you or your parents save money,because you can use it again instead of buying it over and over again.


What is a possible secondary effect of buying a new car instead of a used car?

less money to spend on entertainment


How much money would you save by buying four small containers instead of two large container?

Bvfnmbb


Why should consumers save money instead of merely planning to borrow money if an emergency arises?

A of the loans will come back to haunt you in debt and really big checks to the IRS.


Why should consumers save money instead of merely planning to borrow money if emergency arises?

A of the loans will come back to haunt you in debt and really big checks to the IRS.