Explain Why Is It Important Save And Invest?

It is important to save and invest because someday it maybe a source of our financial needs. When we’re still young we should practice how to save our money that will help us in future time. Investing is a good saving of money. While we invested in a business, our savings are increasing. Saving and investing also makes us more disciplined because we learned our responsibilities while we operated our business. It also help us to know or understand the flow of our economic us we operated the business because of the products we buy.

It is very important to save  and invest because if you can invest in any business like real estate then it is the good source  of money when you are retire in future.

If you save now,you'll have a better financial option tomorrow. Investing is good but we will have to also make sure that whatever we are investing , will be on a safe projects. So i would say a better & safe investing  will help you in future for your Good and bad.

Most of us put in hundreds of hours of work each year to earn most of our money. But when you have savings and stash your funds in the right places, your money starts to work for you. Over time, you’ll need to work less and less as your money works more and more, and eventually, you might be able to stop working altogether.

What does it mean to have your money working for you? When you’re first starting to save, you’ll want to put your money somewhere safe, where you can access it right away for unforeseen expenses. That means an online savings account, where you might earn 1% interest annually and not even keep up with inflation, which tends to run around 2% to 3% per year. You’ll even have to pay taxes on your meager 1% earnings. Anything is better than earning 0%, though, or not having savings and going into credit card debt, which will cost you 10% to 30% in interest per year.