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Money Management And Consumer Education

Question
CBSEENHO12027000

How will you convince the members of a family to regularly save some portion of their income?

Solution

Regularly saving some portion of income helps us in -

  1. Inflation,
  2. Emergencies/unforeseen expenses,
  3. Provide security,
  4. Meet future goals
  5. retirement
  6. Raise standard of living