What do you use your savings for?

[Kane]

Saving money is really important. When you save money, you can do a bunch of things. First, you'll have money when you really need it. For example, if something unexpected happens, for instance, money for an immediate surgery, your savings can be a lifesaver. Second, you can use your savings to buy things you want, a house for example, without worrying about borrowing money or getting out a loan. Lastly, saving can help you to invest and grow your wealth over time.

 

[Debashis]

Savings are typically used for various purposes such as emergencies, major purchases, investments, retirement, and financial security. They provide a safety net for unexpected expenses and allow individuals to achieve their long-term financial goals. Additionally, savings can be used for educational expenses, starting a business, or funding travel and leisure activities. Ultimately, the use of savings depends on an individual's personal financial situation and priorities.