World Savings Day is celebrated on the second Sunday of May every year. World Savings Day is an international day devoted to World War II veterans and gives those who saved the money during that period to give it back to the community. While the original motivation was to save the money for a “rainy day”, nowadays it has been replaced by World Savings Day as a way to recognize those who have given up on saving, by purchasing expensive items that they could otherwise not afford, and by relieving themselves from debt by using World Savings Bonds, which is an interest-free, tax-deferred loan.
The original organizers of world savings day were mainly motivated by the desire to tell people all over the world that they should save money and invest it in a better place. The planners obviously had in mind what it ought to be about: saving as an expression of public moral strength and the vitality of a country. That is not all. World Savings Day is an idealistic ideal, which makes people think about things in new ways and also makes people feel good about themselves, which is the only kind of good that really matters these days. People can look forward to World Savings Day if they know that they can save money and spend it in ways that benefit the entire world, and not just themselves. It is a way in which people can learn to save more money, so that when they retire they will have more money to go on holiday with. World Savings Day is commemorated every year on the second Sunday of May, which falls on the payday loan industry’s second weekend. Many American and Canadian banks offer special deals on World Savings Day.
Some of these include getting cash advances on payday loans, or the ability to get checks cashier for a few hundred dollars less than their normal rates. The reason for this is that the United States Congress has ordered the federal reserve banks to pay interest on behalf of their customers who have set up World Savings Day accounts in their own bank. On average, American and Canadian banks give out World Savings Day checks for two hundred and fifty-nine dollars and change, which are about half as much as they give out on any other public holiday. This may sound like nothing, but if you look at the amount of money that banks make off World Savings Day alone, you will realize how important it really is. On average, American and Canadian banks rake in about forty-seven billion dollars every year on World Savings Day. This means that every year a whole lot of money is made available for the public to get into the things that they need, but just don’t have the money to buy. So why do we celebrate this particular observance? World Savings Day was started in 24 1924 with an act of Congress known as the Making of America’s Paper Money Act.
The intent behind this was to stop bankers from making money on what the common person had made. Ever since then there have been celebrations to mark the day. Although there are many countries that observe different holidays on World Savings Day, the official celebration is based on the United States. Today, most countries still celebrate World Savings Day, and there are even more countries that have World Savings Day celebrations in their own modern economies. This day is a great opportunity for Americans and Canadians to get out of their house and show the world that they care about the poor and the needy. Although this observance technically falls under the category of modern economies, the spirit behind it is the same as that of ancient days. Those who follow the tradition behind World Savings Day know that it is a time for giving, and not getting, and it is a time to let down one’s guard so that the vulnerable and the unfortunate among us can have a bit more security and a bit more light at the end of the day.