The document discusses the importance of saving money for financial emergencies and future needs. It notes that people save money for different requirements like purchases or emergencies that may occur. The most appropriate methods of saving mentioned are placing money in a bank, as it earns interest and is safe to withdraw when needed, or purchasing medical insurance which provides coverage for healthcare emergencies at affordable rates. In conclusion, the document stresses the importance of saving some funds for future requirements.
The document discusses the importance of saving money for financial emergencies and future needs. It notes that people save money for different requirements like purchases or emergencies that may occur. The most appropriate methods of saving mentioned are placing money in a bank, as it earns interest and is safe to withdraw when needed, or purchasing medical insurance which provides coverage for healthcare emergencies at affordable rates. In conclusion, the document stresses the importance of saving some funds for future requirements.
The document discusses the importance of saving money for financial emergencies and future needs. It notes that people save money for different requirements like purchases or emergencies that may occur. The most appropriate methods of saving mentioned are placing money in a bank, as it earns interest and is safe to withdraw when needed, or purchasing medical insurance which provides coverage for healthcare emergencies at affordable rates. In conclusion, the document stresses the importance of saving some funds for future requirements.
o The most important aspect of money is the requirement in need of
a financial emergency. o It depends on a person that he/she wants to save money for which particular requirement. It can be a purchase or money required during emergency at any point in the life. o It helps us to buy the expensive commodities or purchase at the required time. o The money saving helps in the medical emergency and provides financial freedom. o The most appropriate method is to place the saving in the bank. It not only keeps our money safe, but also provides an interest per annum to our deposits. We can easily withdraw the money when required. o Another method to secure our money during a medical emergency is insurance. Various organizations, such as LIC and Policy bazaar, are now providing medical insurances at convenient rates. It also provided good assured cover in a medical emergency.
Finally , I would like to say that we must save some money for future.