MEANING OF SAVINGS

Savings can be defined as the portion of income not spent on current expenditures

Your savings consists of money you’ve set aside for a specific purpose. Without savings, unexpected events can
become large financial burdens. Therefore, savings helps an individual or family become financially
secure. This should be an automatic part of your monthly budget. Remember, saving money is an important part of
being financially successful.

Investing is taking this a step further, and putting money into some asset.It is important to understand the similarities
and differences between saving and invebghvbhhsting your money. //

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