Saving and Investing: Tools and Calculators

Courtesy: Canva

Both saving and investing are important parts of your financial life, and there are distinct differences between the two.

Saving is what people do to meet short-term goals. Money typically earns a small amount of interest in a low-risk account. It is easy to get to when you need it (liquid).

Investing helps you reach your long-term financial goals and involves growing your money by investing and depositing funds in stocks and bonds. In return for your decision to invest, you will earn a higher return.

The following calculators will help you determine how fast your money will grow by choosing a specific type of account.