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Personal Finance
What Are The Disadvantages Of Saving Money?
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[QUOTE="Knowlopedia, post: 10526, member: 41"] One of the main disadvantages of saving money is that it can be difficult to access in an emergency. You may need to pay a fee to access the money early or there may be a penalty for withdrawing the funds before a certain date. Additionally, you may lose out on potential earnings if you save too much money and don't invest it. If the rate of inflation is higher than the rate of interest on your savings account, then you will be losing out on the potential growth of your money. Finally, saving money can be difficult to maintain over time, as unexpected expenses can quickly cut into your savings if you aren't disciplined about putting away money. [/QUOTE]
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What Are The Disadvantages Of Saving Money?
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