Why is it good to have a savings account

A savings account is a suitable place for your emergency fund. This money serves as a backup if you need cash for a large or unexpected expense, such as a car repair or insurance deductible. You want your emergency fund in an account with immediate access and no penalties so you can get the money when you need it.

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explanation:

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different sources are aimed at different audiences. sometimes a source can be directed at more than a single group of usually aimed at the general population across the globe. some sources may have a very specific audience. be specifically aimed at students or scholars with a background in literature.

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