Savings Vs investing

Pete bolen

Saving and investing

Savings are portion of income spent on consumption. Used to pay for emergencies and large purchases. The foundation provides for financial security. Paying for a vacation or purchasing an automobile are large financial events accomplished by using savings. For savings on buy something if you really need it.

Investing is the purchase of assets with the goal of increasing future income. Used to pay for long-term goals like retirement or higher. It helps builds up wealth.