World Savings Day

According to financial experts, you should have three to six months' worth of spending in your savings account. You should have $9,000 in savings if your monthly expenses are $3000. If you have enough funds to pay 6 months of expenses, it's even better. If you lose your career or your income, you won't have to worry so much if you lose your income. There is a change in income. On the other hand, if you're like most Americans, you obviously don't have enough funds in savings. According to the latest estimates, 51% of Americans have less than three months' worth of emergency savings in their account. About 26% of those polled say there are no emergency funds at all.

Many people are living paycheck to paycheck, which is one reason for this. They don't have anything extra for savings after their monthly bills were paid. Some people simply spend too much money and live above their means, while others live beyond their means. They may not worry a lot about their financial future.

Several countries around the world 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:

• Slovenia
• Estonia
• Ireland
• Hungary
• South Korea
• The Netherlands
• Germany
• Sweden
• Switzerland
• Luxembourg

Savings are also good for the entire economy, in addition to personal financial stability. The economy tends to recover more quickly when personal savings rates are high. Also, when the bills are paid, grocery stores, and other retail stores remain open longer. These companies have a higher chance of keeping their employees employed. Savings also helps to reduce the amount of debt the world is in. At this moment, global debt is approaching a whopping 300 trillion dollars.

How to celebrate #worldsavingsday

On this day, bankers, credit unions,, and other financial institutions all host functions that promote saving money. Several of them also give free gifts to new savings accounts. Others host workshops that inform the public on the benefits of saving. To participate: To participate: To participate: To participate: You must register: To participate: To participate: To participate:

• Make a budget and figure out how much money you can put away in savings each month
• Set a target to save enough to cover at least three months of expenses
• Teach your children how to open and save money
• Take an online financial course if you're not familiar with money
• Find out why saving is important for the global economy. Learn more about why saving is beneficial to the global economy

#WorldSavingsDay is a hashtag on social media. Share this day on social media with #WorldSavingsDay.

The world savings day is the longest in history

Filippo Ravizza, an Italian professor, proclaimed the last day of the 1st International Savings Bank Congress as "International Saving Day" on the last day of the 1st International Savings Bank Congress. In 1924, the festival was held in Milan, Italy. The idea was to show people that it was better to place their money in a bank rather than under their mattress. This day became more popular after WWII. World Savings Day is today in 190 countries around the world.