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What is the difference between saving and
investing? Provide examples.

2 Answers

4 votes

Answer:

What is Saving?

Saving means to keep money aside, not using it for any purpose at all, until in reach of desired goal. While some save for emergencies, others save for family or materials.

Example: My father is saving for a really nice vacation trip to Canada. He needs enough money to pay for gas, the hotel rooms, food and other necessities.

What is Investing?

Investing is the practice of putting interest into something. Investing involves paying for something in increments while also having flowy income. You could invest in almost anything.

Example: My mother and I are investing into a large, family-sized, RV. We are making custom arrangements and changes while we are still living in, and keeping our tiny-home.

User Shivang MIttal
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4 votes
The difference between saving and investing is that saving is just having you money together and not spending it but investing is spending but you make money
User Joscplan
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