3.1 Savings basics
In this section:
- 3.1.1 Reasons to save
- 3.1.2 What are you saving for?
- 3.1.3 Case study: Saving for their future
- 3.1.4 Why people don't save
- 3.1.5 Emotions, habits, behaviours and your money
- 3.1.6 How to save
- 3.1.7 Video: Why you should save and how
- 3.1.8 A savings calculator
- 3.1.9 The rules of saving
- 3.1.10 Summary of key messages
Most of what we do takes money. You may be able to cover day-to-day expenses each month, but can you set aside some savings to pay for anything extra, like unexpected home repairs, a vacation trip, or becoming unable to work for a month? Saving is an essential part of managing your finances. If you're just covering day-to-day expenses, you'll have a hard time paying for anything that takes more money.
In this section, you will learn:
- why people save—and why they don't
- the benefits of starting your savings early
- guidelines for a savings plan that works for you.
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