Sikapa
Verified member
Saving your money means keeping you money either in the bank or keeping it you your own house for future use. Most people keep their money in the bank to avoid theft and robbery while others have the vision of keeping their money in the bank to earn interest. Saving money is good because it prevent you from spending your money unnecessary.
To prevent making unnecessary budget, you have to save your money in the bank because this is the best and secure way to avoid theft and robbery.
On the other hand is investing. To invest means to put your money in to a business. This is where you use your money to establish or start a business. Some people also use their money to invest in a company or to buy shares in a company or organization and at the end of it they will receive income. This is as a good way to multiply you money because you will receive income rather than interest.
Since everything that has advantages also has disadvantages, this investing also has it own side effect. You can invest your money into a business and later the business can collapse without you getting your money back. This is one of the reasons why most people don't want to invest their money into certain businesses.
Which one do you prefer now? Saving your money or investing your money?
To prevent making unnecessary budget, you have to save your money in the bank because this is the best and secure way to avoid theft and robbery.
On the other hand is investing. To invest means to put your money in to a business. This is where you use your money to establish or start a business. Some people also use their money to invest in a company or to buy shares in a company or organization and at the end of it they will receive income. This is as a good way to multiply you money because you will receive income rather than interest.
Since everything that has advantages also has disadvantages, this investing also has it own side effect. You can invest your money into a business and later the business can collapse without you getting your money back. This is one of the reasons why most people don't want to invest their money into certain businesses.
Which one do you prefer now? Saving your money or investing your money?