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Why is saving money important essay

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One cannot deny the importance of money because it is the most necessary thing that we require. Just like you need food to live similarly you need money to survive. It is difficult to sustain without money as it is the basic necessity. In order to live a happy life, you need money.
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Because everyone has to start somewhere, and if you work at it, your financial situation is likely to improve over time. Saving money is worth the effort. It gives you peace of mind, it gives you options, and the more you save, the easier it becomes to accumulate additional savings. Later in life, the money thoughts that keep you up at night might center around paying for your kids to go to college or having enough money to retire.
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This debate has been heated up through the Obama administration Mankiw, , p. Throughout and , the United States has experienced an economic downturn. As indicated in the article, the reduction of marriages, babies, and divorces are indicating that these items are proving too costly to incur during this downtime. The author of this article, Jeannine Aversa, is stating that key economic indicators point to the likelihood of a recession. The author also states that the Feds decision on raising or lowering the interest is due to the.
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The health savings accounts were created in , and the main purpose was to cover out of pocket medical expenses during the year and to obtain wellness and greater quality of care. To open health saving account, the person should buy an inexpensive health insurance plan which usually has a high deductible. Therefore, the Health saving account provides the opportunity to cover out of pocket costs.
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