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Saving vs investment, which one are you practicing?
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[QUOTE="Caramelle, post: 202464, member: 150"] I'm saving and investing at the same time. Saving money is important because we have to prepare for life's emergencies. We can't expect things to be ideal all the time so we need to have liquid assets that are easily accessible when we need them. However, it's not ideal to keep all of our excess funds in a savings account. We can keep an amount equivalent to six months or even 1 year of expenses into an emergency fund before we start investing. That will help ensure that we do not turn to debt when we lose our job or source of income. After that, we can confidently start investing. At this stage, I am investing in low-risk securities like treasury bills and in a savings program operated by a government housing agency that offers several times the return I can get from savings funds. I'm a conservative investor. [/QUOTE]
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Saving vs investment, which one are you practicing?
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