It is important to save because you never know when you might need the money that you are using unwisely.
Provides savings for future college costs.
Yes, you can spend money from your savings account, but it's important to consider your financial goals and the potential impact on your savings before making withdrawals.
because it is you f#cking a##holes
channel savings into investments.
It's very important. Retirement savings will pay for your life after you finish working
Income level: Higher income usually leads to more savings potential. Expenses: The lower your expenses, the more you can save. Interest rates: Higher interest rates on savings accounts can encourage more savings.
Yes, you can claim Jobseeker's Allowance (JSA) in the UK even if you have savings, but the amount of savings you have can affect your eligibility and the amount you receive. If you have savings over £6,000, your JSA payments may be reduced, and if your savings exceed £16,000, you will not qualify for JSA. It's important to report any savings when applying to ensure accurate assessment of your claim.
a whole can be achieved within a given period
Your bank has the best records of your savings account. You can ask them for a duplicate record book that you can take home and keep with your important records.
I don’t know
Interest savings rates can vary between different financial institutions. Some banks offer higher interest rates on savings accounts compared to others. It is important to shop around and compare rates to find the best option for maximizing your savings.
Savings from the economic theory are considered as a leakage in the circular flow of currency thereby play an important role.When individuals save, those savings are used for lending those with deficit units to have their investments especially investment companies.