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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.

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