Not everybody feels that there is a need to save; that is why some of them would rather have their money in a general place, instead of setting some apart that might be useful for the unforeseen circumstances.
It is imperative to set some money aside out of your total income, it makes you a disciplined individual, who would not spend unnecessarily. People who have savings would rarely go broke because they have something that would sustain them when the time comes.
We all have set goals and ambitions, and most of them need money to be implemented. Someone who is not faithful with setting some amounts aside for savings, would find it difficult to meet up with those goals and ambitions.
There are times in our lives when some occurrences would come up and we will need to spend. At that time, financial assistance might not be readily available.
In addition, at that time, you might be disappointed at close family and friends who you expected to come through for you.
With your available savings, you can take some money from there, and replace it when you have some more. You are not being expectant about bad happenings, but you are putting effective measures in place to forestall it.
With savings, come mouth-watering incentives, and depending on the type of savings and financial institution you save with, you are bound to reap some benefits from savings.
Not all the savings interest would be at par, but you are sure that you would get some returns as you grow your savings.
You can use the extra returns to get other useful things you might need.
In addition, saving money comes in handy when you want luxurious items. No matter how prudent we might be, there are some items we all crave to have. And one of the reasons why we cannot have them is because of the cost. However, with savings, it is easier to save up for those items and get them.