Money – Save or Invest ?
To save or to invest your money is a big question. Although one which most people never even consider as it will almost always be spent straight away.
However for those of you who do have the luxury of making this choice I am going to show a few points for which on why they are good/bad. I will then tell you what I personally would do.
Saving
Okay saving your money means that the money is there and is guaranteed to be there when you need it. You will not make much of a return, normally only a few percent per year, but you are guaranteed that it will be there.
Up to £35,000 (in the UK) is guaranteed to be safe no matter what happens to the bank.
Many savings accounts now require you to give notice for when you want to make a withdrawl, this makes it less tempting to just go and get something that you are not saving for. Another great feature some have is that shared accounts must have both parties present before a withdrawl can be made.
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