Monday, April 21, 2008 Money wise: Save money, retire happy
WITH the dawn of high-paying jobs in the business process outsourcing industry, many young professionals have started earning big bucks but do not know what to do with the extra cash they have.
While their instinct tells them to shop, young professionals must realize that saving is a necessity. The Philippine Savings Bank has identified several reasons why people need to save up for the rainy days:
1. Saving money provides security in case something unexpected happens.
2. Savings provide the power of choice should there be a need to make an important decision, such as changing jobs, buying a house or getting married.
3. A solid savings account is important to manage unexpected hassles and tragedies.
4. A savings account will help one retire in comfort.
Cash savings gives one both a good sense of security and freedom, and one way to put up a cash savings is by opening a bank account like PSBank’s Peso Savings account. (DME)
