‘Saving’ and ‘investing’ are two terms that are often used interchangeably. Savings usually involve setting money aside for a future goal, purchase or emergency. Investments are when you buy an equity-based asset. This can include stocks, shares or property with the exception that your investment will make money for you.
Whether you’re looking to save for a big purchase, education fees or simply to have assets to fall back on, having a comprehensive savings plan is extremely important. To get more out of your existing savings, you might want to consider starting or adding to an investment portfolio.