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Building savings is a necessary step towards financial security from "summary" of Your Money Or Your Life by Joseph R. Dominguez,Vicki Robin
Building savings is not just a good idea; it is a critical step towards achieving financial security. In today's uncertain economic landscape, having a safety net of savings can provide a sense of stability and peace of mind. Without savings, individuals are vulnerable to unexpected expenses or emergencies that can derail their financial well-being. By setting aside a portion of their income regularly, individuals can build a reserve that can be tapped into when needed. This can help them avoid falling into debt or having to ...
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