World Savings Day: History, Facts & Insights

This is an in-depth look at all the must-know facts about World Savings Day (2024) 🗓️ that no one tells you about. World Savings Day is celebrated on October 31st.

Among the information you’ll find below: the history of World Savings Day, activities to do on and how to observe this holiday, as well as intriguing facts you ought to know about World Savings Day.

📅 What day is World Savings Day 2024?

In 2024, World Savings Day is on Tuesday, October 31st. It is the 5th Tuesday in October; in 2024, it is Thursday. There are until the next observance. You also can learn all the fun details and facts about October 31, 2023, that you might not be aware of.

Every year on October 31, we celebrate World Savings Day, also known as World Thrift Day. This event highlights the importance of saving money for the future. Saving is crucial for various reasons, such as preparing for retirement, financing education, buying a home, getting married, and more. It is wise to save for unexpected events, even if you don’t have immediate plans for the funds. Saving has proven to be a crucial support during unexpected hardships. Scholarships offer a great opportunity to start saving early in your academic journey. If you’re unsure about where to begin, you can visit Scholaroo for all the scholarship information you need.

📜 World Savings Day History

World Savings Day is an international event that aims to promote the importance of saving money. It has become a way for nations to come together and encourage their citizens to save, especially in countries that have been affected by war. After World War II, saving money became a popular trend. Banks have also opened their doors to more people, particularly in developing countries, and non-governmental groups have played a significant role in promoting the value of saving.

Each year, World Savings Day focuses on a specific theme that inspires individuals to start saving. Financial institutions have also introduced various initiatives to encourage consumers to save more and make meaningful investments. The government, schools, and media also play a role in encouraging people to save during this time.

World Savings Day is not just for adults, but also for young people. The concept of piggy banks has always been popular, as it teaches children the value of saving and allows them to see their progress. Even adults enjoy the idea of piggy banks and the sense of prosperity they bring.

✅ World Savings Day Facts

🔖 Unexpected expenses
Americans are spending more than $2,000 per person on unforeseen expenses.

🔖 Save without seeing the money
You have the option to set aside a specific sum of money from your salary or income as savings, which can be deducted.

🔖 Banks sometimes offer interest on savings account
Ask your bank for a savings account that earns interest and begin the process.

👍 Why Is World Savings Day Important

When we save part of our money, we become more aware of where our remaining funds are going, making us more cautious of our expenditures.

There are several themes that make this occasion more enjoyable and intriguing. For example, the 2020 theme was “When you save a bit, big things follow.”

This is because our ideas are for the future, and money is typically required to make them a reality.

🙂 How To Observe World Savings Day

⚡ Encourage your children to save
Instill in your children the importance of saving money by educating them about the significance of holidays and motivating them to set aside a portion of their pocket money.

⚡ Start saving
World Savings Day is an annual event that emphasizes the importance of saving money, and there is no more opportune moment than the present to begin doing so.

⚡ Open a savings bank account
Establish a secure savings account to protect your funds against theft and prevent impulsive spending.

📅 When is World Savings Day?

You can view all 🔗 October holidays, including 🔗 Special Interest and other 🔗 Financial holidays.

We will continue to update this page with new information and must-know facts about World Savings Day. So be sure to check back soon.