Saving is one of the important activities that must be done to prepare for all possibilities. However, many people are still trapped in consumptive activities, spending their money. There are many benefits that you can get from saving activities.
For this reason, everyone needs to realize the importance of saving for their future. Please look at why you should start saving from now on in this article.
-
Emergency Fund Savings
Having savings will be helpful when you face various emergencies such as hospital treatment costs, repairing damaged vehicles, educational needs, and many others. These emergencies often occur outside of our will. By having savings, you will feel calmer and safer because your savings can also become an emergency fund.
-
Preparation For Retirement
Aside from being an emergency fund, the savings you collect can also be prepared for your future when you retire from work. Of course, you will only be able to work for a while. There will be times when you stop working and retire. For that, you need to prepare enough funds for retirement later.
-
Preparation When Losing a Job
Savings will help deal with uncertainties such as job loss. Amid an uncertain economic situation, everyone can lose their job. Savings can be your safety net when you lose your job and the initial capital to start a new business.
-
Long term investment
Saving is not a short activity whose results can be obtained immediately. The results of saving can be felt in the long term by having special savings such as time deposits, mutual funds, or other forms of prospective savings in the real sector. In other words, your accumulated savings can also be a long-term investment.
-
Helps Achieve Financial Freedom
Saving can also help you achieve financial freedom. Having enough protection for the future can make you feel calm because life will feel more independent, not dependent on anyone, and far from debt.
That's the reason why you should start saving now. You can feel many benefits if you have enough savings for your future.
You can also open a MAS Savings account at Bank MAS with an online process without having to come to a branch office and without a minimum initial deposit! Download the MAS Mobile application and open a MAS Saving account anytime and anywhere.
