World Savings Day is celebrated on October 31st. This is an important day for everyone who does not know how to save money. Often people spend much more than they need to. Especially for unnecessary things. The purpose of the holiday is to tell the population that it is better to save a small amount than not to do it at all.
Saving is necessary for many reasons: to get an education, to recover from an illness, to buy real estate or other expensive property … Emergencies occur that require money here and now. Therefore, it is necessary to have a free amount designed to help in such situations.
The importance of savings and demand influenced the opening of banks. Initially, organizations existed in large metropolitan areas, now they are almost everywhere. These are not only public institutions, but also private ones. It can be said that frugality appeared after the end of the Second World War.
The holiday is aimed not only at adults, but also at children. The younger generation is given colorful piggy banks, motivated to collect for the desired things. If you invest the correct information from childhood, then the future adult will be able to earn good money and have cash reserves.
- Statistically, Americans spend over $2000 on unexpected expenses;
- famous millionaires began their journey by saving money and saving it, and only through this path did they become successful;
- some banks offer a certain percentage on deposits. That is, the money lies in the organization and slowly works without your intervention;
- a direct “relative” of the piggy bank is considered to be a tin can, in which donations were collected in ancient times.
How to celebrate
Start hoarding! Learn how to do it more effectively and don’t miss a single day. Save money – sort out unnecessary purchases and eliminate them from the list. Learn to handle the budget carefully, but do not go too far – there is only one life, and you need to spend it in comfort.
When is World Savings Day celebrated in 2022?
World Savings Day is observed on October 31 each year.