Tuesday, November 09, 2021

What can you do with savings funds? - In 1 Minute | Ewpple

Ewpple | Income For Life

Ewpple - What are the 6 benefits of savings funds?

1. Emergency Funds
Emergencies like major illnesses or accidents often require a large sum of money.

2. Retirement
Long-term savings can build sufficient retirement funds.

3. Job Loss
Savings can cushion a sudden loss of income.

4. Holiday Getaway
Use savings instead of a loan to go on a dream vacation.

5. Reduce Debt
Savings can reduce the debt burden and avoid piling on liability.

6. House Purchase Downpayment
Downpayment cannot be borrowed from the bank. Use savings instead.

Thank you, and contact me if you need help with personal finance.

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