Keeping money in a savings account allows one to have accessible funds for emergencies, such as health problems, home repairs or job loss. This accessibility ensures that one can deal with unforeseen events without the need to go into debt, which contributes to greater peace of mind and financial stability.

In addition, savings accounts generate additional income through interest accrued on the deposited balance. Although interest rates may vary, this return, although modest, helps to increase capital over time. This is particularly important in an economic environment where inflation can erode the purchasing power of money held in cash.

Savings accounts also encourage healthy financial habits, such as savings discipline and planning. By having a specific savings account, people can easily separate money for everyday expenses from money set aside for long-term goals. This makes it easier to build an emergency fund and plan for important financial goals, such as buying a home, children's education, or a dream vacation.

Another significant advantage of savings accounts is the liquidity they offer. Unlike other forms of investments that may have restrictions or penalties for early withdrawals, the money in a savings account is generally available when needed. This flexibility is vital for handling unexpected expenses without incurring costly debt.

Savings accounts are an essential tool for future financial planning. They allow individuals to build a solid foundation on which they can diversify their investments and prepare for retirement.

Translated by: A.M