What is World Savings Day?
World Savings Day, on October 31st, raises public knowledge of the benefits of saving money. It's also a day to reflect on the impact that savings have on the global economy.. The day is sometimes referred to as World Thrift Day.
According to financial experts, you should have three to six months' worth of savings in your savings account.. If your monthly bills are $3000, you should have $9,000 in savings. It's even better if you have enough funds to cover six months of expenses.. You won't have to worry so much if you lose your career or your income changes, if you save this much money. However, if you're like most Americans, you probably don't have enough funds in savings. According to the most recent estimates, 51% of Americans have less than three months' worth of emergency funds in their account. About 25% of those polled say there are no emergency funds at all.
Many people are going from paycheck to paycheck, which is one reason for this. They don't have anything extra for saving after their monthly bills are paid. Others, on the other hand, spend too much money and live above their means. They may not worry about their financial future, but they may not worry a lot about their financial future.
Around the world, there are some countries that are doing a good job of saving money. Here are the countries with the largest personal savings accounts. The following are examples of those that have the highest personal savings::: The countries with the largest personal savings accounts include::
