Pocket Money - SEBI Investor Awareness Website - Securities and ...

Smart Money FundaeAs children why should you save money? You can buy gifts for your parents or friends without asking for money from yourparents every time. You can save in order to contribute towards things that are yours. E.g. your computeror cell phone If you start saving money regularly from today, you will be able to contribute towardsyour college education or may be take a foreign holiday! Saving is a habit and the faster it is inculcated the better!Why do we need to invest our savings? Cushion against inflation:Prices of all goods are constantly on the rise. A particular amount of money todaydoes not have the same value or worth that it had even a year ago. Saving moneytoday will provide us a cushion against the growing inflation. Shelter on a rainy day:In moments of emergency like a sudden illness, your savings will help you sailthrough the emergency without much trouble. Improvement in standard of living:Saving judiciously and the returns that we get on our investment help us buildand maintain a better standard of living. Your house, car, electrical appliances,cell phone, a great vacation…all these things will come from your savings! Source of income for the sunset years:After retirement, the pension that you get might not be enough to maintain a certainstandard of living for you and your family. That is when all the money that youhave saved all your life comes in handy.148