Importance of investing and saving

By: Alyssa Mudd

Importance

The importance of investing cannot be overstated. Money is an important thing. Something that is worth one dollar one day could cost significantly more the next day. It's a really good idea to save money and have money stashed away because you will never know what the future bring, what emergencies will come your way.

Tips of saving

  • Make a list when you go shopping
  • hide your credit card
  • switch to a bank that respects you


tips of investing

  • define your goals
  • realize the risks
  • how quickly can you get your money back


saving options

  • bank savings account
  • put your money in a safe place


Investing options

  • Corporate bonds
  • stocks
  • mutual funds


Risks to investing

their are 3 types of risks to investing:


  1. valuation risk
  2. force of sale risk
  3. business risk