Saving money in families is significant as it helps in managing future needs, emergencies, and achieving financial stability. According to the class 6th social science NCERT, families save money to cover essential expenses such as education, healthcare, or buying a home. Savings also provide security during unforeseen events like illness or job loss. By practicing saving, family members learn financial discipline and responsibility. Additionally, having savings allows families to plan for celebrations, festivals, or travel without financial stress, ensuring both stability and enjoyment.
This question related to Chapter 9 Social Science Class 6th NCERT.
From the Chapter 9. Family and Community.
Give answer according to your understanding.
Saving ensures financial security for unexpected needs and future expenses.
Explanation: This practice reflects responsible family planning and financial management.
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