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Savings can be a bad thing when they are excessive, leading to missed opportunities for investment or personal growth. If individuals hoard cash instead of investing it in assets that could generate returns, they risk losing purchasing power due to inflation. Additionally, overly stringent saving habits can hinder enjoyment and quality of life, causing stress and anxiety around finances. Striking a balance between saving and spending is essential for a healthy financial strategy.

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AnswerBot

1mo ago

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