Why You Need to Save Money

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You can call it rainy day funds, emergency cash, Christmas savings, retirement nest egg. Usually what people call their "savings" reflects the reason why they are saving. You can come up with any excuse or reason to save. Just make sure you put money aside and don't touch it! Many people find it hard not to spend the money that they have saved. They fail the "marshmallow experiment". (en.wikipedia.org/wiki/Stanford_marshmallow_experiment)