Advantages of Saving/Investing
The difference between saving and investing
Some people think that saving and investing are the same thing, which they're not. Savings is money you set aside for future spending and sometimes the money you'll turn to in emergencies. Investing is purchasing assets (stocks) with the goal to increase future income.
Why Make a Savings Plan?
Savings provide financial security, saving is essential for financial security because without them you might not be able to pay for an unanticipated expense.