benefits of saving money

Topics: Debt, Prediction, Investment Pages: 2 (348 words) Published: November 12, 2013
Rhetorical Speech Outline
Topic: The Benefits of Saving Money
General Purpose: To persuade. (Persuasive Speech)
Specific Purpose: To persuade my audience to save money for the future. Thematic Statement: Saving money bring significant benefits to the financial status of a person, and it is helpful to reduce personal economic risk in the future.

Attention getter:
“A penny saved is a penny earned”
“When you don’t work, savings will work for you”, but, why? Is this true? Is saving money important? We can’t predict the future. If we could, we would know precisely how much money we would need and want, but obviously this is not possible. Establish credibility:

i.) Personal experience: When I was small, my mother taught me to save money by giving me a piggy bank. It is fun to learn that how much money that can be saved every day. ii.) Secondary source: Have saving account, under Junior Savings in Maybank since I was small. Preview:

Benefits that saving money brings to one’s financial status and economic life. Transition:
First let me begin with the importance of saving money…

Save money for emergency funds:
Cover unexpected expenses such as
a. Sudden job or income loss
b. Medical emergency
c. Financial crisis
Main cause of 2008 financial crisis was the increase in the default of loan mortgages made to borrowers with poor credit ratings. According to a study followed by The University of Harvard, called The State of the Nation’s Housing, “If there would have been a bigger saving money culture and usage, the crisis could have been two times smaller.”

Another benefit of saving money is that save money for retirement…

Save money for retirement:
Put money to work for you, whenever you retire, you will have funds to cover your expenses. Transition:
Now, we have come to the conclusion…

Summary statement:
As we have seen, saving money plays a vital role in our daily life. Concluding remark:

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