Are Savings Accounts a Good Idea?

 

 

Money, as much as we want to spend it we also want to make sure that we have a bit of it saved as well. That is where the savings accounts come in. However, there has been a debate throughout the ages if these are a good or a bad idea.

Savings Accounts?

The best part about having a savings account is the savings part. You know that you have a rainy day fund that you can run to when your finances are tied. It's like your own little fallout policy or your own insurance policy on yourself. That way making sure that you always have a little something.

However, despite the fact that you do have a fall out policy, this can also make you spend recklessly. This is because you know that you will have a little something that you can use when all goes wrong. That way you spend more than necessary.

That does not mean that you do not need to have a savings account, this is because you can budget better with one. Let's say you need to buy a new car or you want to play a few online casino games at https://www.rivernilecasino.com/. It's easier to do if you know you have a few funds stashed somewhere. You can then easily enjoy your online casino games knowing that it will not directly affect your funds.

This can, however, cause a bit of confusion in your head as well as your funds. By knowing that you have a few funds stashed away you will then think that you have a lot of money when in actual fact you do not. That makes it a bit tricky when you do actually check your savings balance only to find peanuts in it.

Therefore at the end of the day, the question still stands, are savings account a good idea? If they are that cancels out the whole You Only Live Once theory and brings in growing up responsibility. Meaning to say that, the matter of savings accounts depends on you and the way you live your life.

 

 

Related:

Comments

Latest news

Ronaldo accepts prison sentence and €18.8m fine for tax fraud
Ronaldo's tax troubles come from his time at Real Madrid, where he won two league titles and four Champions Leagues. In 2018, Forbes estimated the star was to receive at least 97 million euros ($155.8 million) in one soccer season .

Perfect without makeup
In an Instagram post, Alicia Keys and husband Swizz Beats posted a video about how they posed for a culture magazine together. Alicia Keys is still a superwoman slaying on red carpet relying only on good moisturizers, eyebrow gel and lipgloss.

Andy Murray looks to sport management role for future talent
He says that he still wishes to compete in professional tennis but he also wants to expand his prospects and share his knowledge. At the moment he is juggling many balls and he wants to remain focused on what he knows, but over time his company will develop.

Tips to improve your site ranking
Improve your website speed A slow website is boring so you must keep improving the speed to offer a better user experience. At least 82 % of videos on the search result pages are from YouTube and it has more than 3 billion searches per month. 2.

Other news