Let’s get back to basics. What’s the difference between saving and investing?
We learn about savings from the time we’re little. We put spare change in our piggy banks or put that $25 we got for our birthday in a savings account.
But how is that different than investing that money?
Saving and investing are both great strategies to help reach your goals. But there’s a real difference between the two. One can help you get to your short-term goals (vacation, a rainy day fund, a new laptop) and the other can help you get to your long-term goals (a down payment on a house, or retirement).
Giff Carter, Stash’s Chief Revenue Officer, sits down with me and talks ice cream cones, interest rates, dream vacations, and all the things that saving and investing can do for us.
Thanks for listening to Teach Me How to Money. Send us your questions at TeachMeHowtoMoney@StashInvest.com and we’ll try to answer them in our future episode.
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