What is a savings plan?

Learn what a savings plan is, how it helps individuals save money for future goals, and the various types available for financial planning.

What is a savings plan?
Ethan May-02-2023 03:30:43
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1 Answer

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A savings plan is a plan of action that is structured and organized to help you save money for the future. It involves setting aside money on a regular basis for a specific purpose with a clear goal in mind. The purpose of a savings plan could be to save for retirement, to pay off debt, to fund a specific purchase, or any other financial goal. With a savings plan, you make a commitment to yourself to reach your goals.
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Honoré
19 Ques 1 Ans
answered 22 Aug 2023

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