Essence of savings.

A country has its savings as external reserve. The more reserve it has,the more it is served by citizens of other nations. A nation that keeps no external reserve shall condemn its own citizens, as waiters, to serve such nations that have.
A company keeps its savings as retained earning or sinking fund. Any corporation that fails to maintain an ongoing sinking fund is bound to sink.
A bank is mandated to keep its savings as capital base. It is on this basis that it is permitted to function as a credible and durable financial institution.
You can see, you must see that saving represents the live wire of commerce and industry, and of progress and prosperity. No man,including you,can afford not to save. He is not safe that cannot save
Tell me, how wise is he? I cannot consider him truly prudent, a man, who affirms that saving is unnecessary, or who claims that it is too late or too early early to start saving. The man does not save, however huge, is always a servant to a saver, and the longer their relationship, the deeper the intensity of his servitude.
Regular savings invariably grant him the needed freedom from this sort of self- imposed slavery.
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