Saving VS Investing
The words “saving”and “investing”are sometimes used interchangeably,but when it comes right down to it,we should be engaged in both to secure our financial future.
A shared characteristic of both saving and investing is the utmost importance that they play in our lives.If you are not doing either, the time to get started is now.This may require changes in spending, tracking,and in the utilization of your income,but it can and should be built into your plan.A general rule of thumb is saving should be short-term while investing shuld be long-term.Keeping that in mind,let’s review the differences.
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