Importance of savings and investment

Hello dear friends,

                Today we will discuss about the importance of savings and investment, savings and investment always pay you and there are many benefits of it, there is no damage, no harm in savings and investments. Saving is setting aside money you do not want to spend now for emergencies or for future purchase. Different savings options are available to us.

        The words "Savings" and "investment" are some times used interchangeably, but when it comes right down to it, we should be engaged in both the secure our financial future. If a person has more than one bank accounts, he can easily save his money by using one account from which he is not making regular transections. Now very easy and safe way is in your hand, at your own choice you can transfer some amount from your one bank account to other account by adopting online transfer system. A general rule of thumb is saving should be short term while investing should be long term.

            We save for purchases and emergencies. Saving money typically means it is available when we need it and it has a low risk of losing value. It is important to tract your savings putting a deadline, or timeline and value to your goals. For example if you are saving for your annually family vacations in any of your currency, you might want to withdraw 3000 US Dollars to save in few months, you know how much then you need, how much to save monthly  and the ability to take the money without fees to spend on that treasured vacations.

            The other important aspect of the matter is investing, it is important to invest wisely. You will have a better return if you being investment early. Understanding different investment can pay you much better then savings. Every person who is educated or non educated if he has sense that how to save money, there are many ways to save your money already in your hand or your are earning, weekly or monthly.

               The most important thing is that when we are facing hardship in terms of money, saving will help you which you had already done in good time. In case of urgent need of money, saving will also help you and  you can save your honor by not asking anyone to borrow some amount. In advanced counties savings and investment is a big subject but in developing countries although it gains much important but at the same time it is very hard for you to save some money from your money where there inflation rate is very high, life is difficult or miserable for you.

            Keep always different ideas of savings as well as investments in your mind so that you can spent a happy life, it is an admitted fact that savings played an important role in the life of everyone. Some people always give much importance to savings as they fully know about its importance.

            In a very simple and easy words you can say that saving is a big achievement and if your are not doing savings you must are spending your money in many useless purposes, like useless shopping, useless purchasing of household articles and many more which were in fact not your urgent need and you can save your money