World Savings Day 2024 Date, History and Significance: Know Everything About the Annual Event That Promotes Financial Literacy
World Savings Day holds great significance as the day serves as an opportunity to promote regular saving habits and encourages individuals to build financial buffers, which provide stability in times of economic uncertainty or emergencies.
World Savings Day is an annual event that is observed every October 31 to raise awareness about budgeting, money management, and the benefits of consistent saving. The International Day was established on October 31, 1924, during the 1st International Savings Bank Congress (World Society of Savings Banks) in Milan, Italy. As per historical records, the Italian Professor Filippo Ravizza had established this day the ‘International Saving Day’ on the last day of the Congress. Launched in 1924, the day encourages individuals to cultivate regular saving habits, promoting financial security and stability. National Financial Freedom Day 2024 Date, History and Significance: Everything You Should Know About the Day To Celebrate Personal Financial Freedom.
Many people around the world lack adequate knowledge of money management, and hence, this day helps in raising awareness about budgeting, saving, and investing so that people are well-informed while making any financial choices for their future. In this article, let’s learn more about World Savings Day 2024 date and the significance of the global event.
World Savings Day 2024 Date
World Savings Day 2024 will be celebrated on Thursday, October 31.
World Savings Day Significance
World Savings Day holds great significance as the day serves as an opportunity to promote regular saving habits and encourages individuals to build financial buffers, which provide stability in times of economic uncertainty or emergencies. How To Stop Being Broke at Month-End? From Creating a Budget to Saving on Utilities, 5 Easy Ways To Save Money Each Month.
With the aim of enhancing financial literacy, banks, schools, and financial institutions around the world organise activities, workshops, and campaigns on this day to educate people about the importance of savings. For young people, World Savings Day highlights foundational financial skills, while adults are encouraged to reflect on their financial health and plan for the future.
(The above story first appeared on LatestLY on Oct 29, 2024 02:34 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).