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Discuss the advantages and disadvantages of establishing a regular, systematic savings plan. Discuss what circumstances would be...

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Finance

Discuss the advantages and disadvantages of establishing aregular, systematic savings plan. Discuss what circumstances wouldbe suitable for an individual to use part of the savingsaccumulated over a number of years. What if you were saving forretirement? What if your savings were accumulated for the purposeof sending your child to college and that child did not attendcollege for some reason?

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Answer Advantages of establishing a regular systematic savings plan Are as following People who establish a regular saving plan earn interest or other income regularly Regular saving plan protects the family in their bad times and whenever money is needed it can be taken from that    See Answer
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Discuss the advantages and disadvantages of establishing aregular, systematic savings plan. Discuss what circumstances wouldbe suitable for an individual to use part of the savingsaccumulated over a number of years. What if you were saving forretirement? What if your savings were accumulated for the purposeof sending your child to college and that child did not attendcollege for some reason?

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