a) Why do we need to save money?b) What can you consider in order to save wisely?
Answer Text: a) Why do we need to save money?a. To take care of basic needs such as food, clothing and shelter.b. To take care of emergency such as illness.c. To fund leisure activities.b) What can you consider in order to save wisely?a. Available amount of money or income.b. Prices of items.c. How to pay for the items – cash or credit.d. How much interest the money will earn.e. Budget.