How to Balance Savings and Investment?

[Nomad]

Saving and investing serve different purpose but are also complementary financial strategies. Saving acts as a safety net during financial emergencies and helps you build the capital needed for investing. Investments, on the other hand, allows you to grow your wealth over time and build financial security. If you have a lot of saving, you can invest big. But if you have small saving, you need to invest regularly to see the growth. How do you balance saving and investing?

 

[Springtime]

I have a bit more savings than investment because investment has risks. I want to make sure I have enough reserve fund to cope with emergencies.

 

[Stardom22]

For one to fully taking control of their personal finances, they should really be equipped with some online apps that could help in arriving at a balance between the investments and savings.

 

[Min George]

I think that you should have 15% of your income as what would go for emergency savings, project savings and investment capital. All should take equal parts. That is 5% of your total income.

 

[eLdavis]

I think having a specific amount, or better a specific percentage you keep for saving would help you create a balance. People often save 10% from everything they earn.

 

[Augusta]

Create a spending plan. Spend less, save more. and Get creative about making more money