Design your Visme
Life of Debt Tips on Saving and Ivesting
By Bode Grimes
What is Saving?
Saving is the amount of money you put aside for the future. Usually for short term use, to help you save longer, deposit your money into a saving account.
What is Investing?
Investing is when you put money in for a financial gain. The object of investing is to make money with your money, but investments should only be made after a steady income that is permanent.
Saving tips for Teens
Pack your lunch- it is cheaper
Start saving early
Pay attention to how much you use your phone
The Difference Between Saving and Investing
No penalty for withdraw
Used to acheive short term goals
The difference Between Saving and Investing Continued
Not readily accessable
Penalty for early withdraw
Start saving early for the Future
Find a financial institution
too answer the following questions.
How should I get started?
Hoe much money can I invest?
What should I invest in?
What is the risk?
Try this: Create a fantasty account of 2,000$. Track investments for a year. Compete against a friend or two to see who made the smarter investments.
Life or Debt:tips on Saving or Investing
Bode Montgomery Grimes | September 01, 2016