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How much of your income should be allotted for saving.
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[QUOTE="CALVINDOL, post: 261533, member: 43757"] I personally have never read in any commercial textbook or commercial hand out where it is being speculated and enforced that this is the amount of money out of every individual savings that should be allotted or kept for saving purposes but to be sincere what is definitely advised is that whatever amount of money and individual set aside from his or her income for the purpose of saving should be of reasonable value and of considerable amount and this possibly due to the fact that the future is totally filled with unforeseen occurrences and circumstances that will definitely need a considerable amount of money to be able to handle and to solve . Saving money in itself is kind of a way that an individual's tell him or herself that he or she is definitely prepared for the future and like I already mention future activities is always unexpected and totally unforeseen and sometimes it could be a low-risk investment that could possibly show up in the future and worthy of investing or possibly it could be as a result of unexpected illness from you or from a family member all these are something that our saving money is mainly used for resolving . [/QUOTE]
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How much of your income should be allotted for saving.
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