Mr. simpson has money which he would like to set aside for future use. he could put it in savings or he could invest it. what is the difference between the two options?

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Social Studies

Mattie Gross

12 October, 07:09

Mr. simpson has money which he would like to set aside for future use. he could put it in savings or he could invest it. what is the difference between the two options?

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Ruth Burgess · Answer 1

Savings are money for safe-keeping. The amount that one saves will be more or less the same when one decides to use or withdraw it. Savings can be through one's safe keeping or through a bank. However, interests are low in the bank. Investment, on the other hand, is money put up in chances for income. Good investments can make passive income for a person. Examples of investments are stocks and mutual funds.