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What are the benefits of saving money?
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1. The primary benefit of saving money is the security of having a financial cushion in case of emergencies.
2. Additionally, having savings can also give you the option to pursue larger investments or purchases.
3. Saving money can also help you towards reaching long-term financial goals, such as retirement, a home or a college fund.
4. Having money saved can also help you reduce stress and can give you peace of mind knowing that you do have options, should the unexpected occur.
5. Finally, saving money can also help with building credit, as having a positive savings account balance can help demonstrate fiscal responsibility.