Question

What is Savings and Investment?
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Answer 1

Answer:

The basic differences between savings and investment are explained in the following points:

Savings means to set aside a part of your income for future use. Investment is defined as the act of putting funds into...

People save money, to fulfil their unexpected expenses or urgent money requirements. Conversely, investments are made to...

Answer 2

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Saving is setting aside money you don't spend now for emergencies or for a future purchase.

Investing is buying assets such as stocks, bonds, mutual funds or real estate with the expectation that your investment will make money for you. Investments usually are selected to achieve long-term goals.