The simple difference between investing and saving

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Rubz

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• Oct 19, 2024

• #41

Saving and investing are quite different even though some people don't know the difference. Saving is setting aside money for short term goals or emergencies while investing is allocating money to grow wealth over time.

 

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Passiveearner

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• Oct 31, 2024

• #42

You don't actually utilize your money to grow to more money when it comes to saving money. You just tend to limit your expenditure in order to make sure that you have more money in the end. On the other hand, when it comes to investing money, you actually use your funds to grow money.

Rubz said:

Saving and investing are quite different even though some people don't know the difference. Saving is setting aside money for short term goals or emergencies while investing is allocating money to grow wealth over time.

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Kera

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• Oct 31, 2024

• #43

Saving is just keeping your money somewhere while investment utilizes the money in a market to get more.

 

cherry123

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• Nov 3, 2024

• #44

it is always the best to seei to increase your money. This is why it is better to involve investment rather than savings.