Alan Kopit Car Quotations

There's no wrong reason to save money, but it's a good idea to think about the basics initially. First create a fund to cover living expenses if you're left without income for period of time. Once you have that established, you can start putting away money with other things in mind, like a vacation or a new car purchase.

It's easy for young or single people to feel like they do not need to maintain any savings, because they may not have the financial responsibilities that come with having a family. In fact, they may be the most in need of savings, because they may not have an immediate family member to take care of them financially in an emergency.