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1.) You won't have to pay tens of thousands in interest when you borrow money. 2.) There's always some emergency that pops up...and it won't bother you. 3.) It gives you unbelievable freedom to do what you want to do, when you want to do it. 4.) Having cash helps you become anonymous in your life. Companies profile credit card users. 5.) People will trip over themselves trying to give you money because you don't need it. 6.) You sleep better at night not worrying about loosing your job. 7.) People with money rarely get trapped in a relationship. ("I can't afford to move out.") 8.) Its easier to be "generous" because it comes from your surplus. (its a really bad reason to be charitable but it comes with having money) 9.) You feel more in control of your life because you have more options.
...and my favorite and personal goal...
10.) If you have enough savings you can tell your boss to shove it!
I've been debt free with cash in the bank for 10 years and loving it!
Other benefits are:
- Safety net - When you need to have some way of getting money if you loose your job, having that safety net comes in handy.
- Open options - When you save money, you can start to think of retirement. The options are open when you save money and you don't have to worry about any problems coming up if you have the money saved up.
- Less stress - If you have money, you have stress. When you have little money, you have more stress. With saving money you can have less stress and you can do the things that you wanted to.
- Travel when you want- For those who are saving money for being able to do the things they want, the benefit lies where you can travel as you please. It is nice to travel and see things that you have not been able to see.
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Advantages of saving money rather than spending it?
Advantages of saving money, rather than spending it would be that when you save it you can then purchase something bigger. Also, if you ever lose a job or something you would then have something to fall back on.
What are two advantages to saving money in a Certified Deposite?
Some advantages are:Your money is not idle and earns an interest for youThe interest earned in a CD is much higher than the interest you will earn in your savings or checking accountYou can withdraw your money anytime you want
What s the advantage of having a saving bank?
The chief advantages of having a Saving Bank Account are 01) It enables to save money.02) It develops the habit of Saving.03) It enables us to deal less in physical cash.
What are the advantages in saving money in the bank?
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
Are there advantages to having a Visa Signature card over other credit cards?
The advantages of the visa signature credit card is the ability to redeem points on your purchases. You are essentially saving money while spending it.
What are the advantages of saving money in the bank?
There are numerous advantages of saving money in a bank for both the person saving the money and others. a. The money you save earns you interest income b. The money you save is lent out as loans to help out others c. The money you save can be withdrawn at any point in future to help you with your financial needs.
Advantages of saving money rather than spending it?
Advantages of saving money, rather than spending it would be that when you save it you can then purchase something bigger. Also, if you ever lose a job or something you would then have something to fall back on.
What are the advantages of a health care provider using the internet as a research tool?
Saving time, and time is money.
What are the advantages of using computers rather than relying on paper?
computers are better bescause u are saving money on paper
What are two advantages to saving money in a Certified Deposite?
Some advantages are:Your money is not idle and earns an interest for youThe interest earned in a CD is much higher than the interest you will earn in your savings or checking accountYou can withdraw your money anytime you want
What s the advantage of having a saving bank?
The chief advantages of having a Saving Bank Account are 01) It enables to save money.02) It develops the habit of Saving.03) It enables us to deal less in physical cash.
What are the advantages of saving pocket money?
The major advantage is the increased amount of money stashed away for an emergency, major purchase, retirement or simply peace of mind. Also, saving pocket money is easy - you empty the money from your pocket at the end of the day and whatever is there goes into savings. This then builds and reinforces a habit of being frugal and saving money, which can help a person build other good financial habits.
What are the advantages in saving money in the bank?
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
What are the advantages of using a home phone service?
There are definitely a number of advantages of using a home phone service. For one, you will definitely be saving money. Also, it is very portable, which is definitely convenient.
What are the Advantages of automation information systems?
Advantages : Less time consuming Less money saving less paper needed less space needed Disadvantages: Make employees lazy Eye strains
Are there advantages to having a Visa Signature card over other credit cards?
The advantages of the visa signature credit card is the ability to redeem points on your purchases. You are essentially saving money while spending it.
What are advantages of saving a person's life?
They get a second chance. You get to feel good about saving a life.
