When answering this question, you can discuss the importance of saving money from both practical and long-term perspectives. Saving money helps people deal with emergencies, plan for future expenses, and achieve financial stability. It can also reduce stress and provide a sense of security. You might also mention that saving money is a good habit that can help people reach their goals, like buying a house, traveling, or investing in education. Giving examples from daily life can make your answer more convincing.