Skip to main content

Saving money

                                          What is money?

Money a formal legal tenderwith their values printed on them which is used in the payment of goods and services.

                                       Importance of money

1. Money serves as an incentive for work.
2. Money reduces some forms of cheating in trade.
3. Money helps us to value goods and services accurately.
4. It stimulates the performance of good deeds as it can be given as a reward.

                                    Saving money

Saving money is the act of keeping money at a save place such as the bank for future use.

                                     Reasons for saving money.

1. Saving helps us to cut off unnecessary spending.
2. It reduces the habit of borrowing.
3. It help us to save against unexpected events such as accidents.
4. It promotes self development.
5. It helps us to achieve self education.

                                         Ways for saving money.

1. One can save at the bank.
2. We can keep money in a money box but is not the safest method.
3. We can save at credit unions.
4. One can save at the post office.

Comments

  1. How to get to MGM Grand by Bus or Train from Las Vegas
    Directions to MGM Grand (MGM Grand) with public 문경 출장샵 transportation. The 오산 출장마사지 following transit 경기도 출장샵 lines have 전라남도 출장마사지 routes that pass near MGM Grand. The following transit 양주 출장마사지 lines have routes

    ReplyDelete

Post a Comment

Popular posts from this blog

Ghana's co-operation with other Countries.

                 What is Co-operation? Co-operation is the act of coming together to work towards a common goal. Nations and people co-operate with one another for benefits. Ghana co-operates with other countries politically, culturally and economically.                    Types of co-operation 1. Political co-operation 2. Cultural co-operation 3. Economic co-operation          Ways in which Ghana cooperates with other nations 1. Ghana co-operates with other countries politically by being a member of international political organisations such as AU, UN and NEPAD( New Partnership For Africa's Development)  2. Ghana co-operates with other countries economically by  being part of economic blocs (groups) such as ECOWAS(Economic Community Of West African States), Group 77(G-77) and World Trade Organization (WTO) 3.  Ghana Co-operates with ot...

Parallel Culture In Ghana

                               Parallel Culture. Parallel culture refers to the process whereby two culturally ways of doing thing things are adopted while only one can suffice.                              Examples of parallel culture  Outdooring and naming ceremony: During outdooring and naming ceremonies, the traditional and Christian rites are preformed for the baby. National events: During national events such as independence day celebrations and festivals, traditional, Islamic and Christian prayers are said at the same function. Marriage Rites: The couple performing traditional marriage rites and later performing another Christian or Islamic marriage rites. Funeral rites: Traditional and Christian or Islamic rites are performed during funerals. Translation of speech: In many events including Christia...

Solute And Solvent

SOLUTE: A solute is the substance that dissolves in a solvent to form a solution . The solute can be solid, liquid or gas in nature. Read also: International Organisations Ghana corporates With A soluble solute is a substance that dissolves in a solvent. For example, sugar and potassium permanganate dissolve in water.  Any substance that dissolves in water is said to be soluble in water . Salt, sugar alcohol, carbon dioxide, sulphur dioxide and hydrogen chloride are soluble in water. An insoluble solute does not dissolve in a given solvent. for example, kerosene is insoluble in water.   Read also: High blood pressure SOLVENT: A solvent is the substance that dissolves a solute to form a solution . For example, water dissolves sugar and salt. Because water dissolves most substances, it is sometimes referred to as a universal solvent. Alcohol is a solvent which dissolves pigments such as chlorophyll. Turpentine is also a solvent which dissolves oil paint...