8 Smart Reasons to Build up Your Savings ...

There are a number of smart reasons to build up savings.

Even if you think you don’t have much spare cash, it’s essential to put as much money as possible into a savings account.

You never know when you will need it!

Even if you never have a financial emergency, savings give you options and security.

So here are some important reasons to build up savings …

1. Unemployment

One of the best reasons to build up savings is in case of unemployment.

There’s no such thing as a secure job for life any more, so always have money put by in case you find yourself without work.

Unemployment benefits are paid for a limited time, and how well do you think you could live on a fraction of your normal pay check?