Saving
A saving is a reduction in the amount of time or money that is used or needed [Collins Dictionary].
Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately. Why should we save money? Saving can be used to accomplish objectives in the short term such as buying a mobile phone, or in the long run such as continuing to study, or else buying a car or a house.
Saving money can also help us cover unexpected expenses, such as an illness, replace an appliance that cannot be repaired or make an emergency trip.
In addition, savings can be invested and, as a result, you get a profit on the money you have set aside. That is to say, not only will you have the funds available to spend later, but you will also earn money in the process.
Because saving is a good practice, not only for families, businesses, and entrepreneurship but also for the economy as a whole.
Cultivating the habit of saving is good for individuals and groups alike. If you save money instead of spending it in a kiosk or store, you will achieve a greater goal, like buying a pair of sports shoes, with less or even no effort at all! Moreover, your family can make more efficient use of the money you have saved, such as making some home improvements or replacing an appliance.
Saving money is a healthy habit that is built on a day-by-day basis. You should start today to get in a lot of practice in saving until it becomes a habit [Bcra.gob.ar].
What is saving? Bcra.gob.ar. Retrieved from: https://bcra.gob.ar/BCRAyVos/Aprendiendo-a-ahorrar-que-es-el-ahorro-i.asp
Saving. Collins Dictionary. Retrieved from: https://www.collinsdictionary.com/dictionary/english/saving