Question

. Suggest three reasons why people will save money rather than spend it.

according to economics...brief description

Answer 1

People who chose to save money rather than spend may want to invest either in property or stocks.
They may earn low income and would want to minimise money expenditure.
The money they save may be for items with high value which needs savings.

Answer 2

Step-by-step explanation:

Here are 3 reasons why people should save rather than spending:

• Become Financially Independent. The measuring stick for being rich is different depending on who you talk to. ...
• Save 50% on Everything You Buy + 24% on Groceries. ...
• Buy a Home. ...