Why is saving money important for the family economy?

Family economics is a global issue that includes several components. This is the presence of a family budget, rational use of money, control over purchases, financial transactions (loans, deposits, shares). It is necessary to accumulate money. There should be a reserve to cover expenses for unforeseen needs, vacation, medical treatment or important purchases. If people spend all their money, it demonstrates the inability to manage the family budget. Save at least 10% of your income.