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9 March, 14:55

Why is it a good idea to treat your savings account as a fixed expense each month

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  1. 9 March, 17:14
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    It is a good idea to treat your savings account as a fixed expense each month because it will create a solid saving habit

    Explanation:

    A saving habit is created when a part of the wage is constantly devoted to being saved in your account. This means that the saving account balance will increase as each paycheck is received.

    Traditionally it is said that a good saving practice is to save the 10% of the wage.
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