Personal savings

Question 1

List 5 reasons why people save money.

Answer 1

to buy expensive items in the future
for children's education 
for unforeseen expenses
to make more money
to put money into a pension or retirement scheme

Question 2

Fill in the missing word:
____ are the most important source for making money in the future, for creating wealth and ____ and to build new factories and other businesses.

Answer 2

Savings and jobs.

Question 3

Why do some people find it difficult to save?

Answer 3

Some people find it difficult to save because some unemployed people or families with children have expenses that are more often than their income.

Question 4

Name four things that you can invest in when you start earning.

Answer 4

• you could buy a house and rent it out
• you could invest in a small business and make profit
• you could buy shares in a big company and earn part of the profit it makes
• you could invest in a bank and earn interest

(HBSB)