Is it the best option to save money in the economic crisis?
I strongly believe that saving money is the best option in the economic crisis as following by three reasons.Firstly,we can take the savings to spend on the necessary things . According to Bangkok Post Thursday November 20, 2008, showed that as the impact of economic problem,people in Bangkok want to save their money rather than spend.They want to change their behaviour by saving more money and spending only necessary things.For example, They plan to cut expenses on foods and beverages, clothes, telephone bills, entertainment and travel.Moreover,they are willing to pay for the best quality which has a reasonable price .This can help them don’t waste too much money for unworthy things.Secondly,saving money make people know the purpose of life planning . According to Janet Paskin, MONEY Magazine, showed that trying to save money by cutting unnecessary expenses can sustain long enough to make difference. If people don’t do that way,they may have a problem.When people know about money management,they will be able to avoid putting themselves in a financial burden,By saving money, they can prepare themselves for situation like their retirement and children’s education.In retirement,they will have their own money to spend on anything that they like and have enough money to make life in happiness. In education, Providing education helps children gain financial stability and other opportunities.Also,it will increase the quality of the student’s life and help them with their money management skills. Thirdly,saving money can prevent us from being in financial trouble. According to Sunday’s Parade magazine in the Los Angeles Times, showed that 43% of people have nothing to save after they pay their bills. They live paycheck to paycheck and if they lose their jobs, it will be really difficult for them to face their financial trouble.This is a disadvantage of wasting too much money.It absolutely affects the...