How long can your savings last if you do not work?

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How long can your savings last if you do not work?

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Donna 1 year 1 Answer 230 views Silver 0

Answer ( 1 )

  1. The answer to this question depends on the place of residence, cost of living in the particular location and last but not the least his or her lifestyle. A saving is defined as the unspent income in a person’s account. Pension account, investment funds and fixed deposits are examples of a saving. In personal finance, saving is low-risk preservation of money such as that in a deposit account.

    Although how long a savings can last if the person has no work is highly variable, on an average, it lasts for about six months. 

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