Why Save Money?

So often articles are written with an attitude of scolding us into saving more money – or trying to motivate us into saving some of our money by creating a fear of the future without money. Maybe we should first ask ourselves, “why save money?” There are two broad reasons to save money: 1) Emergency situations – good or bad. Given the unknowns in life, it makes sense to have saved some money to deal with unpredictable events. An example of a “bad” emergency could be a critical surgery, such as needing an appendix out. While on the “good” side of an emergency, you might find an item you have always wanted at a price that begs you to purchase it – such as a pair of shoes or a classic car

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