Don't miss out on this programme
MEET YOUR BASIC NEEDS
ii. Precautionary
Money is saved to meet your emergency financial problems. Impromptu expenses such as death, hospital, the need to replace damaged appliances etc ....etc...
Monies kept for precautionary purposes are not to be spent. They remained saved until there is an emergency financial challenges.
Precautionary desires are not pressing. But they are desires that will surprise you in the near future and you just have to be prepared.
iii. Speculative
Money kept for speculative purposes are the real investment monies.
Here, you intentionally put money aside for investment.
Speculative expenses include monies spent on opening your own business, buying shares or bonds. Be reminded that, speculative expenses are investment-oriented.
And so technically, they produce gains or income.
Money is saved to meet your emergency financial problems. Impromptu expenses such as death, hospital, the need to replace damaged appliances etc ....etc...
Monies kept for precautionary purposes are not to be spent. They remained saved until there is an emergency financial challenges.
Precautionary desires are not pressing. But they are desires that will surprise you in the near future and you just have to be prepared.
iii. Speculative
Money kept for speculative purposes are the real investment monies.
Here, you intentionally put money aside for investment.
Speculative expenses include monies spent on opening your own business, buying shares or bonds. Be reminded that, speculative expenses are investment-oriented.
And so technically, they produce gains or income.
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