Why is saving money for speculative motives important

[Axis]

many people save money or hold money for transactionary motives or purposes precautionary motive or purposes and also speculative motives or purposes but I would love to deliberate on the speculative purpose or motives
before I go into details in that particular topic I want to first of all give a clear definition of what speculative motive is.
this type of motive is when someone desire to hold money hidden for a business motive and also to back in business dealings like investing it and so on.
now saving up your money for this particular motive is very important because it will actually bring in more money and also profit.
will you save money to invest in either a business or Enterprise there's a tendency that you will gain two times the money you invested and this will create an opportunity for you to save money for future purposes. and saving money for speculative purposes is an elastic one that is it can take a very long time because you want to direct more money in which you can use to achieve your goal or aim.

and so therefore it is highly and important for one to save money for speculative purposes not that he should neglect the other motive for spending money but he should also give room in saving money for speculative purposes and motives

 

[King bell]

Saving money for speculative motives, or saving money just in case something happens instead of saving it for a definite future goal is a pattern that can be debilitating in the long run. It's important to have goals and objectives when saving money, because without them you are simply sending your money into limbo without any purpose.

One advantage to saving money for speculative reasons is the fact that whenever you do want to purchase the item, you'll automatically know how much you need to save. If you're a person who does not like math, this is a definite plus because you'll know exactly how much extra each month you need to save up in order to reach your goal.
Most people tend to use their savings accounts as a way to store their extra money, but unlike savings accounts and certificates of deposits (CDs), they don't have any set time limit in which that money needs to be accessed. This is risky because if the bank fails or something happens where they take your money, it's gone forever and there's no way of getting it back.

 

[Rubz]

It is definetely important to save for a speculative motive. Like you said, when you save for a speculative motive, you know just how much to save and you become so bent on saving up to that about you need for that particular purpose or motive without spending out of your savings.