Saving and Investing, Key to living

By Austin Rowe

The difference between Saving and Investing

Saving is the portion of current income not spent on consumption. It provides the foundation for financial security. it's also used to pay for emergencies and fairly large purchases.


Investing is the purchase of assets with the goal of increasing future income. It enhances and helps build and enhance wealth. it is the purchase of assets with the goal of increasing of your future income.

Why Should You Develope a Savings Plan?

Savings provide the foundation for financial security and without savings, an individual or household might not be able to pay for an unexpected expense no mater how large there income may be.

The Saving Services Offered by PNC Bank

PNC bank offers many different plans towards savings such as Health Savings Account witch will allow you to save for qualified medical expenses with tax-advantages. There's also the Individual Retirement Accounts (IRA) witch will allow you to save for retirement with tax advantages. There are many others to see and try and I highly suggest you should try to see what else is out there.