Saving and investing are two ways to use our money and receive greater benefits in the future. But, what is the difference between them?
Saving means keeping a portion of our money to use in case of an emergency or to meet short-term goals.
The monetary return we receive from a savings account is generally less than what we can earn with an investment. But the benefit is that our money is safe and easy to use whenever we feel like it.
Investing means using the money we have saved to achieve a larger goal in the long term.
When we invest, we have the possibility of getting greater profits than in a savings account, but we also have a greater risk of losing our money, as well as making it difficult to quickly access the money we have invested.
Remember: we must do some research and inform ourselves very well before investing our money.