Do you consider saving or investment

[Stardom22]

Between savings and investments which one do you prefer more than the other. For me I am backing up savings as investments are very risky and requires an additional budget for management.

 

[Blessed19]

Though most of the time I save money but with time I still get to make use of my savings and it is due to a certain situation that will come along the way and for that it makes saving useless and so I have considered saving and also investing all at the same time which will help me a lot more than just saving or just investing as investing also has its own risks.

 

[Stardom22]

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Though most of the time I save money but with time I still get to make use of my savings and it is due to a certain situation that will come along the way and for that it makes saving useless and so I have considered saving and also investing all at the same time which will help me a lot more than just saving or just investing as investing also has its own risks.

That's very nice doing both of the two simultaneously. I think can guarantee you your financial emergencies solved at anytime of the day and night.

 

[RicAngelo]

I can not choose, so I do both of them, it's for different purposes, of course, saving for the short term and investing for the long term. But I can do investments for short periods too, depending on the situation in the market

 

[RUBESH]

Savings and investments are both important in personal finance. Savings can be used to develop an emergency reserve, give security, and for short-term goals. Investments, on the other hand, can help you increase your money over time and attain your financial objectives more quickly.

 

[cherry123]

Yeah investments are very risky and required one having the right skills. it is savings for me

 

[Springtime]

I would do both. Although the current interest rate is low, we do need savings for emergency purposes. Other than putting a portion of my income in savings account, I would invest some money in stocks, bonds and mutual funds. Investments can help to grow my wealth.

 

[arunima]

I consider both savings and investments. I like to have a diversified financial portfolio..I don't have a very high risk appetite with my hard earned money. So, when it comes to investment I go for the ones that are with low risk involved.

 

[cherry123]

With investment you can easily have more money but it is good to go for the ones that are with low risk

 

[MrDawn]

With investment you can easily have more money but it is good to go for the ones that are with low risk

I agree, it's a risk for sure. There's a company where I live that my mother and my brother have done business with by doing their "investment plans" and that company uses that money to play the market. My mother tried getting me to do it because they got some money back, but they also lost $70,000 dollars that my step dad inherited from his family and that was enough right there to discourage me. If I'm to invest, I want a guarantee. I'm not giving a large sum of money to someone so they can turn around and throw it away. No way, not happening.

 

[AUFred]

My cash assets are diversified between stocks, cd's & bonds, mutual funds & savings.

 

[Imran Noori]

Both are important, in my opinion 20% investment and 30% saving could be a great idea.

 

[Stardom22]

I suppose doing both of them is great Idea. Savings alone isn't enough to guarantee you a financial safety.

 

[bravit23]

I consider investment rather than saving so l can create a wealth more faster.

 

[theearner]

Investment is the best option and specially in real state. But I have to learn the basics first before taking any action.

 

[freelancermaria]

I'm considering both options, but I'm leaning more towards savings, particularly with digital banks. They generate a small amount of daily interest for me. Although modest, these returns surpass those offered by traditional banks.

 

[Kennysplash]

One just has to weigh in the pros and cons of both. Many people are choosing investments, but there are investments that just go pretty badly and you lose your capital. It’s not the same for savings as it’s more secure, though the returns is lower.

 

[Nomad]

You cannot invest without saving money (unless you have acquired funds, inherited money, sold properties, etc.). For many people, they have to save consistently for extended period to build funds for investment. For security, you need to combine saving and investment.

 

[Urvashi]

I try to balance both saving and investing. Saving gives me security for emergencies, while investing helps grow my money over time. It’s important to have a mix depending on your goals and risk comfort.

 

[Lolita]

I consider both, but I am more into investment for long-term growth. Saving is great for emergencies, but investing builds wealth. I started with mutual funds, seeing steady returns motivated me to learn more and diversify further.