quora
Nobody downloaded yet

Personal Savings and Insurance - Essay Example

Comments (0) Cite this document
Summary to essay on topic "Personal Savings and Insurance"
Devaney, Anong and Whirl (2007:176-177) suggests that with the increase in income and the lifestyle and technological improvements the perception of basic needs has also changed with the passage of time.
Basic needs are to be fulfilled somehow or the other so in order to avoid…
Download full paper
Personal Savings and Insurance
Read TextPreview

Extract of essay "Personal Savings and Insurance"

Download file "Personal Savings and Insurance" to see previous pages... at the very primitive reason behind an individual’s or a family’s savings is financial security which guarantees safety for the basic necessities for living. There is also a need of financial security for unexpected emergencies, illness or unemployment. This trend of saving for safety needs is very evident in families with income which is neither very large nor very small.
Let us write or edit the essay on your topic "Personal Savings and Insurance" with a personal 20% discount.. Try it now
Families with large income do not need to save for safety needs and families with small income do not have any extra sums to save for safety needs.
Individuals with smaller families prefer to save money for improving their lifestyles and like to spend on luxury items like vacation trips, nicer car and purchasing property. This trend is observed in people having no children. These luxury items tend to change the lifestyle of the individuals as a whole and give a substantial return to the individuals for their savings according to their perspective.
This tendency is present in all individuals but is mostly observed in family heads with larger incomes. Such individuals give priority to saving money for their relationships and consider saving for children’s education, gifts for relatives etc their responsibility.
When the individuals have fulfilled all the basic and primitive needs of their life, they move forward towards the higher objectives and for the fulfillment of those higher objectives they require savings. This trend is observed in older people with comparatively larger incomes who want to spend their money in charity and some of them also want to set up businesses of their own. The tendency is to achieve the goals which they set up for themselves at earlier ages of their lives.
6. The improving economic conditions nationally and internationally and recovery from recession is encouraging people to spend more and save a smaller proportion of the income because the economy is doing very well and they can rely on their spending and previous investments for financials security.
8. ...Download file "Personal Savings and Insurance" to see next pagesRead More
Cite this document "Personal Savings and Insurance"
  • APA
  • MLA
  • CHICAGO
(“Personal Savings and Insurance Essay Example | Topics and Well Written Essays - 1250 words”, n.d.)
Personal Savings and Insurance Essay Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/miscellaneous/1573588-personal-savings-and-insurance
(Personal Savings and Insurance Essay Example | Topics and Well Written Essays - 1250 Words)
Personal Savings and Insurance Essay Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/miscellaneous/1573588-personal-savings-and-insurance.
“Personal Savings and Insurance Essay Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/miscellaneous/1573588-personal-savings-and-insurance.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC "Personal Savings and Insurance"
E-insurance in UAE
Organisations are using these technologies to manage, promote and communicate with different stakeholders. The aim of the research is to discuss the potential success and improvement of e-business within insurance companies as one of the most important sectors in the economy of the United Arab Emirates (UAE).
20 Pages(5000 words)Essay
Long Term Care Insurance
Long Term Care insurance policies help many individuals to receive the expensive nursing homes and assisted living facilities. Long term insurance solves one of the biggest fears of Americans to spend all their life savings on expensive nursing costs and medical bills. Insurance is a way through which Americans can cover their expenses.
4 Pages(1000 words)Essay
Long Term Care Insurance
The percentage of the populace made up of aged persons in the United States is anticipated to increase from 13 to 20 percent in the next few decades. The number of Americans aged 65 years and above will rise by 35% to 71 million, by 2030, encompassing of 20% of the US population.
8 Pages(2000 words)Essay
Personal
Under the Borrowing section, different kinds of loans have been discussed such as over draft, personal loans, asset linked loans and vehicle loans. Finally within the Investment section details of World selection,
10 Pages(2500 words)Essay
Speech outline on why you should start a savings account
Developing a financial plan assists in saving some funds due to various reasons and occurrences. Savings requires confidence and discipline of an individual since it is a tasking procedure which has a direct impact on financial decisions. This is because it determines
2 Pages(500 words)Essay
Insurance
There are mainly four broad techniques of risk management that are outlined as under: This strategy works when the exposure of risk is tolerable such that the risk is not likely
3 Pages(750 words)Essay
Personal Savings Strategies
I often go to the mall to purchase clothes, electronics, and other items. “Some of the most insightful writing about the American character over the
2 Pages(500 words)Assignment
Consumer Driven Health Plans and Health Savings Accounts
Health Savings Accounts are flexible enough to suit a variety of needs without several of the disadvantages presented by other consumer driven health plans such as Health Reimbursement Accounts or
12 Pages(3000 words)Essay
Personal savings and insurance
usually not capable of insuring themselves in an economy that is expected to perform poorer in the future, since they expect to earn less income when the bad situation sets in. The savings that are set aside acts like a precautionary measure against future income fluctuations.
5 Pages(1250 words)Essay
Long Term Care Insurance

The author states that the expense of providing healthcare services is spraining government and family budgets, as costs soar due to rising pharmaceutical drug prices, provider services and inflation. Long-term care involves a wide range of services for people who require caregiving support on a routine basis.

8 Pages(2000 words)Essay
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Personal Savings and Insurance for FREE!
logo footer
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us