The difference between Saving and Investing – these are two terms that are often used interchangeably, but they are actually different tactics that go hand-in-hand to help you reach your financial goals.
Savings typically are intended for a rainy day or short-term goals, while investing involve an asset purchase that you believe may generate a return over time.
Learn how to save money and spend within a given budget. We also explore how learning to invest can help you grow your wealth.
The inflation rate in Singapore is around three per cent per annum, so your savings interest rate just can’t keep up. That’s where investing comes in.
Watch the Franklin Templeton video to learn more about Saving and Investing.
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