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EMS Savings

Personal savings are the funds individuals retain instead of spending, which can be invested to generate additional income. Many young people prioritize immediate gratification over saving for future needs, risking financial instability in case of income loss. Common reasons for saving include future purchases, vacations, education, unforeseen expenses, wealth accumulation, and retirement planning.

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14 views5 pages

EMS Savings

Personal savings are the funds individuals retain instead of spending, which can be invested to generate additional income. Many young people prioritize immediate gratification over saving for future needs, risking financial instability in case of income loss. Common reasons for saving include future purchases, vacations, education, unforeseen expenses, wealth accumulation, and retirement planning.

Uploaded by

kubashani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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EMS

SAVINGS
Personal Savings
• Personal savings refer to the money a person keeps
instead of spending it all.
• Investing is using the money you save to earn more
money.
• Many people spend all the money they earn on
everyday living expenses. If they lose their jobs or form
of income, they have to rely on other people to support
them.
• A lot of young people don’t save because they are
‘living for the moment’ rather than saving for the future.
If, however, people save and invest some of their
earnings, then there will still be income coming in every
Things to invest in when you start
earning:
• You could buy a house that you could rent out.
• You could invest in a small business and make a profit.
• You could buy shares in a big company and earn part of
the profits it makes.
• You could invest in a bank and earn interest.
Reasons why people save money:
• to buy expensive items in the future
• for a holiday or outing
• for children’s education
• for unforeseen expenses
• to make more money
• to put money into a pension or retirement scheme.
Economic purposes of saving:

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