The simple difference between investing and saving

[Rubz]

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.

 

[Passiveearner]

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.

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.

 

[Kera]

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