Answer:
1. Financial Security: Saving money can help you build a safety net for unexpected expenses or a loss of income.
2. Investment Opportunities: A savings account can allow you to invest in various potential income-generating investments.
3. Tax Advantages: Many savings accounts, such as 401(k)s and IRAs, offer tax advantages.
4. Achieving Financial Goals: Saving money can help you reach your short-term and long-term goals, such as buying a house, starting a business, or saving for retirement.
Step-by-step explanation: