The Importance of Saving

By Ivy Huck

Investing

Investing is the purchase of assets with the goal of increasing future income.

Saving

Savings is the portion of current income not spent on consumption.

Reasons To Save

Saving provides the foundation for financial security. Saving is essential to your financial security, because without savings, you won't be able to pay for an unexpected expense no matter how large your income is.

Ways To Save

Create a spending plan, or set aside a money jar.