It is crucial to safe money for the future for everyone, especially for young people. This essay agrees with this statement because these accumulations could be multiplied by investments, and they could be emergency fund for unexpected expenses.
As a matter of fact, new investments usually rise your money in appropriate time (but not always). Money could be work by themselves for you, if you invest them, but it should be a big start capital on the bank account. Thus, the vast majority of wealthy people put money aside daily to buy some stocks or other investment things. For instance, most of people think that Bill Gaits made his financial status due to Microsoft. However, he claims that he bought a lot of stocks and put them in his investment portfolio.
Unexpected and emergency situations could happen at every period of time, and you should be prepared well. Therefore, it is obligated to make an emergency fund with putting money aside. According to the statistics, the majority of banks’ customers build up their reserves and 75 percent of them are used for unexpected expenses. As a great example of savings’ favors is the USA during the World War 2. Before the European occupation, France, Belgium, Britain and others transferred money to the USA National Bank to safe them. Afterwards, American used this reserve to rebuild Europe after the war.
To conclude, saving money is so important for everyone and we should encourage young generation to build this habit by examples from the history or own experience. In the future, you could invest the money and increase their number or savings would be emergency fund for emergency situations.