Why saving and investing are important?
The importance of investing is not only to have money for the future, but to protect the money you already have. The money in fact is used by the banks in stock investing so no matter if you invest your money yourself, or let the bank do it, it will find it's way to the stock investing. The only difference is that if you do it yourself, the unlimited profits could be yours to keep, rather than the banks.
Tips on Investing
Investing money is a great way to gain more interest. Like putting your money in a savings account. You can put money in a savings account for your child so that they can pay for their college education someday. And when you go to take out the money at the bank those no charge. It just gains a little interest by staying in the bank.
Stock is another good way to invest in. But it's also a medium risk to put your money in. And so if you were to put you money in a stock. You would get 11%. Which is really good. But if you would in the need of money and you needed it like now it would be kinda of difficult to get it out when you needed it.
Investing you're collectibles can be good and bad because your stuff could be something of worth but to others it wouldn't be. And to get money for these things would be kinda of hard. Unless it's something that someone is interested in that you wouldn't be able to find anywhere else. And the liquidity would be low because you could get your money right away when ever you needed it.
Tips on Investing
Tips on saving
Another great tip on saving is don't spend big money entertaining your kids. Most children, especially young ones can be entertained cheaply. Make games out of ordinary stuff around the house, like tossing pennies into a jar. Realize that what your children want most of the time is not your stuff. and you'll find money in your pocket. And Joy in your heart.