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The important habit of saving

Recently, my business accounting and financial studies teacher taught us the importance of saving.

First, she distributed a worksheet and told us to write down our monthly income. Then we had to subtract our expenses. I was surprised to learn that I scored a deficit.

At the time, I found it hard to save anything because I spent all my spare cash on entertainment, such as going to the movies, shopping and buying magazines. There was usually nothing left to put in my piggy bank.

Later, I was reminded of the Chinese idiom 'be prepared before it rains'.

Although money can't buy everything, it is still important. We should save our own money for future use instead of asking our parents for it.