Benefit of saving money in the bank

The advantages of keeping money in the bank to save the practice money saving money in the bank is that the money so saved in a safe place such as in a bank or in the form of shares. Savings can also be said as an umbrella before it rains. Many benefits will we gain if we save. One of the advantages of saving is that we will get profit. This is because the money saved in the bank will be paid interest while shares will be paid dividends. For example, if we keep the money in a fixed deposit account, we will be paid interest at the rate and duration of storage. Therefore, the longer the money is kept, the higher the interest rate will be raised. Saving practices will teach us to always be thrifty. Thrifty is actually a good practice because we will be more careful in making expenditures. Therefore, to avoid wastage. For example, when you have excess money, not to save someone who will act to spend money to buy things he wants. The habit of saving will make a person do not waste. Saving practices can also help us in an emergency situation that requires money. We really can not expect things to happen to ourselves or our families, says a person unfortunately. If we had an accident or disease, we can use the savings to get good treatment at the hospital. Thus, there are savings to save your life in an emergency situation. Saving is also able to control inflation because when we save, the money that flows in buying activity is less. This situation could prevent prices from rising in the market. When prices do not go up, inflation will not happen. Saving to control inflation. Finally, we must adopt the attitude of saving. Children should be encouraged to save childhood. The money saved could be little but a little bit too long, so the hill.


Written By :
M.Danial

#Pray For MH370