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Why it is Important to Look at our Savings Now

Why do we save? We save because we can’t predict the future no matter how hard we try. Saving money can help you become more financially secure and provide a safety net in case of an emergency. Here are a few reasons why we save: retirement, emergency cushioning, education for children, and home buying. It is important to develop a household budget so you can develop a savings strategy and plan. Did you know 21% of Americans do not set any money aside for emergencies? It may be a good time to start looking at how we are developing our savings strategy. Who could have predicted the effects of a global pandemic like Covid-19?