Online Financial Advising

Shelby Wetzel

Saving and Investing

Saving:

When you get money, you can either spend all of it, or you can put it safely in a bank to save. Saving money is important because you always need something to fall back on if something happens. You can either put your money directly in a savings account at the bank, or you can establish a checking account, where you can put in money, and take it out.

Investing:

Once you save up enough money you can begin to investing in low-risk things. When you start understanding investing you can start to move on to higher risk investments. You need to make sure to think carefully about what you are investing in, because the amount of money you earn or lose depends on it. If you are having success in investing, you can start setting aside a certain amount of money a month specifically to invest in things.