Keeping money is essential

[Augusta]

Yes have a budget to track your expenses and have a clear picture of your spending habits and help you identify areas to set financial goals.

 

[Starmix]

Keeping money is essential to avoid panic when learned you don't have cash available on that moment of need.

 

[Sanjeev]

I always feel one should have some good amount of money in their saving account to deal with the emergency. One should not only focus on the investments only.

I have been thinking of buying mutual funds now. I have been thinking of some investment.

 

[Starmix]

There's always money we can use in times of need from our savings. We cannot just pull out money from our investment though it's a short term investment.

 

[Sanjeev]

Yes, that's true we should not take out money from our investment. We should keep some money in our saving account for emergencies.

 

[Xtynehappy]

That one is a very wonderful exercise for that reason. Unfortunately not so many people are into that.

 

[Starmix]

Saving is very essential. There is no one to give us money in case of emergency even to borrow, it is very hard. You will feel; the brutality of life if being refused, so better save.

 

[eLdavis]

Yeah, that surely happens, we never know how the days go . There are times we might run out of money and only the one we keep can answer our problems

Yes, like recently I have found myself in situations like this so many times. Even now some unexpected expenses came up, luckily I had some money I have kept aside before, that's what saved me.

 

[Starmix]

Yes, like recently I have found myself in situations like this so many times. Even now some unexpected expenses came up, luckily I had some money I have kept aside before, that's what saved me.

You're very good on that keeping the money before the need happens. It's crucial to think without money in times of need.

 

[Fidelia]

Is keeping money the same thing with saving money? That seems to be an overflogged topic here.

 

[Starmix]

Is keeping money the same thing with saving money? That seems to be an overflogged topic here.

Keeping and saving are not the same thing if you only analyze. To keep is temporary, short, and transitional, whereas to save could be permanent according to your aim .