Saving & Investing

Saving means putting money aside for future needs or goals, like buying a car, going to college, or having money for emergencies.

Here’s how you can start saving:

• Open a savings account: A savings account at a bank is a safe place to store your money. It also earns interest, which is a small amount of extra money the bank gives you for keeping your money with them.
• Save regularly: Set aside a portion of your income each month. Even saving a small amount can add up over time.

Investing means using your money to buy things that could increase in value over time, such as stocks, bonds, or real estate. The goal is to make more money than you originally invested.

Here’s how investing works:

• Stocks: When you buy stocks, you're purchasing a small part of a company. If the company does well, the value of your stocks can increase, and you can sell them for a profit. However, stocks can also lose value, so there’s a risk.
• Bonds: When you buy a bond, you’re essentially lending money to a government or company in exchange for interest. You get your money back after a certain period, plus the interest they promised to pay.

Why Save & Invest?

• Saving helps you build a financial cushion for unexpected expenses and future goals.
• Investing allows your money to grow over time, potentially earning more than what you would make just by saving it.

The earlier you start saving and investing, the more time your money has to grow and work for you!