World Thrift Day History-Importance...

S Venkateshwari
World Thrift Day History-Importance...


Festival season is here, and we can't even pretend to be peaceful. But it's crucial to keep in mind that saving money gives us independence, stability, and a safety net in case things get tough. Any time now could be a hard period, and we should be ready to data-face it. Having fun and making memories are vital, but we should also always remember to conserve money when we can. The purpose of World Thrift Day is to raise awareness of the value of conserving money and how it may help us through hard times. It draws attention to how crucial thrifting is to saving money.

At the first international Savings bank Congress in 1934, Italian academic Filipo Ravizza proposed the idea of World Thrift Day. This day and the awareness it aroused became more well-known and understood between 1955 and 1970 as people started to notice the horrors of the two World Wars and started to be more careful with their money and savings.

In difficult financial circumstances, savings come to our rescue. Money and savings are used for a variety of purposes, such as launching a new business, giving our family members a good education, and gaining access to healthcare services. Early education on the value of savings is crucial for a life governed by financial freedom and independence. Our savings also contribute to our ability to live a respectable lifestyle and to maintain emotional and social stability. Savings can help us avoid debt, worry, and anxiety, among other things. Banks and nonprofit organizations are important in helping the public learn about the different methods that savings can be made.


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