Quotes:
FOR: by Joseph Andrews
Saving money brings three benefits to your life. Your money works on your behalf so you can work less. By putting funds away, you’ll have more money when you truly need it. Finally, as you begin to save, it spreads like happiness throughout your life FOR:
* Limit the stuff you want to buy everyday
* Takes a lot of time
* Always tempt to buy stuff
* Aggravate psychology
AGAINST:
* Makes people rich
* Take it in case of emergency
* Let us have a backup plan
* Let us buy expensive things (cars, houses)
* It gives you unbelievable freedom to do what you want to do, when you want to do it
* You sleep better at night not worrying about losing your job
* It’s easier to be “generous” because it comes from your surplus. (it’s a really bad reason to be charitable but it comes with having money)
* 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
* 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.
The Essay on Money Does Not Buy Happiness
Money Does Not Buy Happiness For a long time money and happiness has been compared and contrasted, but recently there has been more of a push to find a better understanding and correlation between the two. The author of True Wealth, Juliet B. Schor, suggests that this debate started around the 1970’s, although, the basic idea of consumerism is been around for virtually forever or for ever long ...
* 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.
Picture this, a person turns on the television and sees an advertisement for a new product. This product has new features never seen in the market or claims to be better than the competition. This person sees the price and where to buy; suddenly the thought “I need that right now, I’ll just die I don’t have it!” enters their head. 2- Saving comes easy for some, but it’s an impossible task for others. When I ask some friends about their savings, they sometimes cringe or tell me “I don’t want to think about that!” as if I asked them about a life-threatening disease. The act of saving doesn’t have to be difficult or painful. If done right, saving can be a wonderful thing you can look forward to each month. A few years ago, I didn’t really take saving seriously, but after implementing some techniques, it’s something I now look forward to with each paycheck. So how can we make saving easier to do?
Saving your money has never been easier. A savings account is just the thing that a person with the urge of keeping their money safe requires. They are easy to manage and all one needs is to have contacts of a financial institution to help them out. Savings accounts are a key to the future of your money.
Advantages
It is quite clear that everything in this world has its own advantages and disadvantages. A savings account is quite advantageous on a larger scope, since it helps a person keep their money safe. One does not have to worry about burglary or being broken into once they have a savings account. Another advantage is that the savings account earns an interest to the customer as they continuously feed their account with money over a period of time. When the money is untouched for over a long period of time, it also earns more interest than when the account is accessed from time to time. A person is allowed to carry out transactions, withdrawals and even payments as long as the money is handled by the financial institution. This is not the case for all of them because they are governed by different bodies, some which are independent from the government while others are controlled by other bodies besides the government being a very big influence.
The Essay on Saving Mone Recycling Money People
In the past two years the very important issue of recycling has come up. In the process of recycling, what many consider trash is a product that can be used to make new items. Since many communites do not have centers to collect the old products, the government has been considering making recycling centers mandatory. For today's society, recycling would be a very smart and helpful decision. There ...
These accounts are profitable in that the customer is entitled to do what they want with the money because they have unlimited access to the savings account. They choose what they please as long as the account is active on what to with the money they possess. It is difficult to convince anyone that unlimited access cannot be as much fun as we think it is. The financial institution involved in coming up with the savings account for the customer is entirely dependent on what the customer desires. Decisions are made by the customer and what they want is what is accomplished through the bank. It is to the customer’s advantage for them to do as they please with the mandate they have over their own money. Implementation is not supposed to pose any worries. The savings accounts need to be updated every now and then, and this is often done by the customers.
They make the deposits from time to time to keep the account on check and demand to have reports on how their savings accounts are doing. This serves in major ways, considering all that has been put on an offer by the bank, all to the customer’s advantage. Another way that these savings accounts are profitable is how they are associated with the customer’s credit. It is often placed that if the customer faces a crisis, the savings account can be used to settle the debt without having to harass the customer. When the customer finally pays back what they owe, everything in the savings account is refunded. Disadvantages
One disadvantage is the unlimited access issue. When a person gets hold off their savings, they are tempted to overspend and may risk losing everything, including the profits they have made over the period that they have been working. A person may end up with nothing after so much hard work of saving and saving continuously for the future benefits. Accessing one’s savings account is very risky, especially if a financial assistant is involved. They may tend to hijack your pin number when you are totally unaware and access your account on your behalf ,which is tantamount to theft, and use up all your savings. It is hard for someone to keep track, especially if they trust their personal financial assistants so much.
The Business plan on Life Cycle Financial Planning
At the beginning of brainstorming for this paper, I was thinking about to write something about Chinese pension system. But during the material collection, I found that China’s pension system and ways to achieve people’s financial goals are not well developed, we all know that the system obviously had to be changed. Starting in 1997, there was a shift of the burden of pension provisions from only ...
Savings accounts are supposed to be very helpful in the future and accessing them whenever someone pleases is not a very advisable thing to do, considering it only profits the person then. It is a clear indication that they have no plan for their future in whatever manner, so the bank or the financial institution is supposed to be kept on deck. It is supposed to come up with a strategy that allows their customers to access their funds for a certain period of time and only under certain conditions.
Conclusion
A large part of our future depends entirely on what one decides to do with what we refer to as our resources. Savings accounts can act as our resources from which we can build what we opt to in the future.
Saving should become a large part of our financial lives if we really want to thrive in our economic situation. The decisions that we make today affect the outcome in the future, you need to start building your future brick by brick and have a saving account.
