SYND 27 5 76 SOLAR ENERGY EXHIBITION IN WASHINGTON

Why is saving considered important for financial stability?

• It helps in managing unexpected expenses.

• It reduces the need for budgeting.

• It allows for immediate spending.

• It encourages borrowing.

Which of the following is a common method of saving?

• Using a savings account.

• Keeping cash at home.

• Investing in high-risk stocks.

• Spending on luxury items.

What is a key benefit of using a savings account?

• It guarantees high returns.

• It requires no initial deposit.

• It provides easy access to funds.

• It offers high interest rates.

How can saving contribute to achieving future goals?

• By reducing current expenses.

• By providing a financial cushion.

• By eliminating the need for loans.

• By increasing immediate spending power.

What is a long-term benefit of consistent saving?

• Immediate gratification.

• Ability to invest in opportunities.

• Financial insecurity.

• Increased debt.