Say HELLO to your money.
Saving and Investing
What is investing?
Well investing is the money that is expanded to gain profits or purchase financial assets. Investing is a form of income that shares interest and/or appreciation of the valued instrument which is also considered as a type of saving.
Investing your money is a way of making your money grow. By investing you could be saving that money for a long term financial goal or saving it for something further in the future. You never know what could happen later in life and when you least expect it you could be needing a lot of money, so it's always good to be smart and invest your money while you can.
How do I save?
There are many different ways to save money. We're not living in the old days where people are hiding their money in strange places, not as much anyways. People are putting their money in banks and at the end of the year we receive a 5% interest. Not a bad deal at all if you ask me.
Another option to saving would also include buying stocks or contributing to a pension plan. Some choice are wiser than other but in the end we all want to save many we she should consume less in the present in order to consume more in future.
Why is it important to save?
It is very important to because you never know when you're going to need the money whether it's for a good thing or a bad thing. You always have to be prepared and when there's a good opportunity to save money you should definitely take it and save, save, SAVE!
take it and save, save, SAVE!
-Save your money