in this video, we are going to look at Savings, forms of savings, why you should start saving, factors that determine savings.Saving money gives you a way out of the uncertainties of life and provides you with an opportunity to enjoy a quality life.
Saving money is one of the essential aspects of building wealth and having a secure financial future.
Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs.
