Choose A Balance Between Saving And Investing

Saving Tips

It is important for your personal savings plan that you know the difference between saving and investing and use both of them wisely according to your own personal situation. Saving in putting you money away knowing that you will get it all back plus a small amount of interest, whereas investing is risking that money knowing that you may not get it all back, but will potentially get a lot bigger return much more quickly. Having a balance of each is important to your savings plan, however as you get older your financial strategy should favour savings more than investing.

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