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Money Saving
Difference between investment and savings
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[QUOTE="Sotherefore, post: 287870, member: 27033"] I understand saving of money to be a situation that an individual prevent unnecessary or immediate use of money but rather money are being kept for long-term uses and sometimes for situations that may arise in the near future that may needs that money at that time . There are so many reasons why people saves money anyway. Saving money are mostly done in commercial Bank depending on your country , like over here we have different type of bank that can be used for this and are mainly controlled and regulated by the Central Bank of the country. Investment is just an act or situations that individual instead of savings will rather put forth his money into any project that has the potential of generating extra profit within a fixed period of time.. There are many ways people can invest their money , it could be in real estate or a legal agreement to invest in the bank through fixed deposit. [/QUOTE]
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