According to about a third of families do, or at least try to make monetary savings. It is not absolutely clear to some for what such savings are necessary, and for someone their existence – a guarantee of worthy life at approach of adverse conditions.
For what savings are necessary?
The size of the postponed sum, of course, envy from motives of savings. Many families save up money for something concrete:
- organization of a wedding celebration;
- child's birth;
- purchase of housing or car;
- creation of own business;
- receiving the higher education (for or children);
- arrangement of the life (repair, purchase of household appliances, furniture, clothes);
- travel or resort rest;
- payment of the credit.
In that case the family usually decides what sum should be collected and for what period of time, and then counts how many it is required to postpone every month. As soon as the necessary sum is gained, family savings will be spent. It is possible to call such savings intermediate or temporary.
More far-sighted people do also constant monetary savings on unforeseen difficult cases which can occur, but it is not obligatory. It is about the following situations:
- sudden job loss;
- loss of property (robbery, fire);
- funeral;
- developing of the disease demanding urgent treatment;
- moving to other city or country;
- need of bail;
- replacement broken technicians.
Of course, nobody would like to appear in such conditions, but there are circumstances which just do not depend on us, and then personal savings have very opportunely and give the chance to maintain the habitual standard of living until you do not start the solution of the arisen problem. The sum of savings in this case is accurately not determined, one may say, that the more you will manage to postpone – the better.
Why does the family create savings?
There are also other less obvious reasons which force family to save money. Some do it comfortably to live after career ending. Many know that there are hardly enough present pensions for maintenance of the acceptable standard of living. Besides, at big need the state can freeze pension savings, in fact, to borrow them at the population.
Perhaps, someone will be surprised, but saving of money helps to earn. Having saved up some sum, you can open a contribution in reliable bank and draw interest from it annually or monthly. Some people have several such deposits and not bad live at the expense of a rent, they are called by investors.
Also saved up capital can be invested in actions and to sell when their price grows, having got thus profit. Though here it is possible both to get, and to lose, stocks quite often go down in value, and it is necessary to wait for repeated growth long enough and if it is required to cash means urgently, securities should be sold at the unprofitable price.
For you will definitely not be accustomed to do to superfluous at least small savings. At urgent need it is quite possible to find money the necessary sum today, it is always possible to borrow at friends, to take the credit or to use service microloans. But consider that the credit companies will not disdain to use the financial difficulties which arose at you, and will give means only under big percent. So as a result you not just should repay debts, but also it is a lot of for it to pay extra. To avoid all this it is real, rather simple to refuse unreasonable expenditure and to regularly postpone at least the small sums. In few months you are surprised what number of savings at you appeared with little effort.