14/06/2024
💰The difference between saving and investing:
A savings account is for money that you'll use within the next 5 years. If you're willing to leave that money alone for more than 5 years, then you can invest it.
Remember that this also depends on which you're on. Choosing between saving money and investing money.
During this more stable time in your financial journey, you're able to make decisions about saving vs. investing. You've freed yourself up to do some extra saving in sinking funds for things you'll need within the next few years, and once your home is paid off, you can make some fun investing decisions for your long-term goals.
Remember to take things one step at a time, it really works, and you CAN do it.