Why do people build savings?
According to US president Benjamin Franklin, walang sigurado sa mundong ito except death and taxes. In other words, hindi natin kayang i-predict ang future. No one knows kung kailan sila magkakasakit, magre-resign, o makaka-encounter ng bad luck.
All we know is, we need to be prepared for anything life throws at us. This is why we need to build savings: mahaharap natin ang anumang event without going into debt or wiping out all our assets.
Here are five more benefits of having savings.