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open savings account - 3 reasons you should have a savings account - where can i buy a document camera
An open savings account is a great place to start saving money for whatever you want.
An open savings account can be used to save money for the university, or to buy a car, or even to raise money for the down payment of the house.
However, I like to use my savings account for different purposes.
I use my money to prevent the loss of work income.
There are three reasons why this is a good idea.
The first reason I have an open savings account (
Actually, I have several in multiple banks now)
Because it's like the rest of the people who work today to make a living.
I'm worried about my job. I mean really -
Those who are not afraid to lose their jobs these days, I think people who have a lot of cash, stocks and bonds may not be too afraid to lose their jobs (s)
But the rest of us don't have that extravagant income.
Once, it takes an average of 6 months or less to get a new job at the same salary.
It will take 18 months or more now.
Try to tell your oil or power company.
Another potential danger of living today is that when a wave of sudden bills expires, there are many problems.
This will inevitably happen to me during the holidays because of the gift expense plus car registration, oil charges and insurance premiums.
Then, once I paid all the mortgage and credit card bills.
It adds up quickly, and it's easy to take further debt if you don't have something hidden.
Then the interest fee starts and your finances are over before you know it.
It's not necessarily the case, though.
A well-funded open-ended savings account can reduce the many headaches we have in our stressful lives today.
I automatically save $25 a week to prevent having to use one credit card to pay off another, or to avoid interest on the oil bill.
I was lucky to not have to go for a bubble this year, but it really saved my bacon in the previous years.
Today, most smart people hold emergency funds.
The benefits of doing so are enormous.
See if it's right for you to open a savings account online.
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