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Disadvantages of personal savings?

There are no disadvantages of personal savings. Saving money is always a good thing. Every individual should save a portion of his monthly income in order to help his retirement or to help him in case of a future emergency. Saving money is not and never will be a disadvantage to anyone.


What is domestic savings?

GDS = corporate saving + Government saving + Household saving


What are disadvantages of saving money in bank?

Saving money in banks is always a good thing. You can use the money for an emergency requirement like hospitalization of a family member or your retirement etc. The only disadvantage or downside I can think of is the fact that, banks don't give a great interest rate on money saved in a savings account. So in the long run, putting the money in a fixed deposit or investing it in equity instruments would give you better returns than keeping the money in your savings account. Nonetheless, saving money is never a disadvantage no matter what.


What is the difference between saving and savings?

Saving is puting money or goods away for future use, savings are the goods or money that have been collected.


Which option for saving money typically offers the least liquidity?

Basic savings account


What is SSI saving limit?

What is the savings limit if you are on SSL


Tell me all your tips for saving energy?

One the energy saving appliances, what are the actual savings?


What is business savings?

If you own a company, you will have to pay for what you sell. Saving up money for this is a business saving.


Are savings and budget the same?

No. They are different because savings is saving money and budgeting is using your money wisely.


When does daytime saving statrts in US?

Check out www.daylight-savings-time.info for all daylight saving information


Who bought out American Savings and Loan?

world saving and loan


How can a savings account help in money saving?

A savings account is a very good account to open up if an individual would like to start saving money. It allows extra saved money to be transferred from the checking account to the savings account.