Savings Vs. Investing
By: Brandon Santay
Similarities
- Save 10-20% of Net Income.
- Earn Interest.
- Secured by FDIC.
Savings (Advantages and Disadvantages)
- Helps build financial stability.
- Faster way to get money.
- Good interest rate.
- Must have a minimum balance required.
Investing (Advantages and Disadvantages)
- Builds Net Worth.
- Access to online and mobile banking.
- Useful for direct deposit.
- Have many fee's.
- Some charge fee for have less than minimum in account.
Savings Tools
- Checking account.
- Financial Depository.
Investment Tools
- Stocks.
- Mutual Funds.
Purpose of Investing
- Long-Term Goal.
- High Returns (8-12%)
- Net Worth
Purpose of Savings
- To Have Money for Emergencies.
- More Liquid.
- Limited Risk.
- Financial Security