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Saving vs. Investing

Saving and investing are both ways you can help secure your finances, but they aren’t the same thing. 

Saving involves setting funds aside to use as needed or for emergencies. Think of it as having money in reserve. On the other hand, the goal of investing is to have the money you put in earn you more money. 

Here are three things that differ between the two:

  1. Duration. Savings are typically used for short- or medium-term goals while investing is usually with long-term goals in mind.
  2. Returns. Savings accounts generally offer lower returns than investment instruments.
  3. Risk. As a rule, there is less risk associated with saving than with investing due to the level of return on investment they each offer. 

Visit our MoneySmart hub for more articles, videos, and tips on how to secure your finances. Have a specific question you’d like answered? Submit it and it could be answered in our Ask the Expert column.

Saving vs. Investing