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“Budgeting is the first step in Money management.” In this context explain the Importance of saving deposits.

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Importance of saving deposits : 

The main and useful importances of saving deposits are given below : 

• It becomes a source of income.

• Such deposits are important during an emergency such as natural calamity, loss. 

• These are also useful for marriage, child education. 

• Also used in the future. 

• Reduced insecurity especially when you get old.

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