The habit of saving is an important tool for accumulating money needed for capital investments. This investment in return makes sure the establishment of factories and raising the standard of infrastructure which then make sure the smooth functioning of the economy and also provide innumerable job opportunities for the public.
Heavy industries and infrastructural development require billions of dollars which are not easy to be arranged by any country. Mostly, countries with poor financial arrangements take loans with high interest rates and then every year, take a large portion out of their budget to pay back this loan with its interest.
Every year, this money eats away a large amount of money that could have been, otherwise, allocated for the development of the country. This is a bitter situation but majority of the countries take this bitter bite as infrastructural development and capital investments are also very essential and cannot be compromised at any cost.
Most sustainable and logical solution to this problem has been devised by developing and promoting the habit of saving in the citizens of a country. Most of the developed countries launch projects and schemes in which citizens are encouraged to save their extra money. For this purpose, special financial institutes are functioning which devise attractive packages to attract more and more people to put their share in the process of saving.
Similarly, citizens are educated so that they should decrease their spending by cutting down their necessary expenditure. With this habit, most of the developed countries have prospered a lot. Japan, the third largest economy of the world, enjoys this unique economic position just because of the strong and widely-extended saving habit of its citizens.
Similarly, many countries, although having not much of the natural resources and other possibilities on hand, have got benefitted by launching mega development projects initiated and established by the investments from the money saved by its citizens. It is very unfortunate to see that being a nation we don't have any perception of the benefits and importance of such a useful habit.
Very small minority, who are financially stable and affluent, spend their money very carelessly. Success and crowd on mega malls established in different parts of capital city are the visible evidences of this habit of heedless and unnecessary spending.
For a country like Afghanistan, which is in dire need of heavy investments to build and expand its infrastructure and develop industries and carry out development projects, such a habit becomes an obligation for all its citizens. It is needed that government should educate the masses about this habit and active financial institutions should be established so that continuous progress should be ensured without expecting any kind of assistance from the external sources.