Creating a savings account or accounts might not seem like the most exciting thing in the world but it is an important step in managing finances. There are multiple purposes for savings accounts which can include; creating a buffer for emergencies, improving net worth, achieving financial goals for small and large purchases. Savings accounts are easy to set up and once done require little to no management, just an occasional review.
The below will assist you in gaining a stronger understanding of savings:
How savings works
Establishing savings
Saving options
Creating an emergency fund is a must – Read why