When is World Savings Day?
Tuesday October 31stWorld Savings Day, which falls on October 31st, raises public knowledge of the benefits of saving money. It's also a day to acknowledge the impact that savings have on the global economy. The day is also known as World Thrift 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:
