Savings and Investments

Saving and investing aren't always as much fun as spending, but each serves a vital function in providing you with a financially secure future.  And, as it turns out, the feeling of financial security is generally a very enjoyable one.  Savings refers to money set aside for later use--think "savings account."  Our savings serve as temporary storage for funds we're setting aside for a big purchase and as a safety net for the uncertainties that lie ahead.  Investing refers to purchasing assets that are expected to return additional money.  Investing serves to capture the time value of money and is intended to increase the investor's wealth.  Accumulating adequate savings comes first; investments come when you can afford them.  A wise American (Benjamin Franklin) once said, "If you would be wealthy, think of saving as well as getting."

This section will help you answer the following questions:

• How do I get started?
• What type of account should I open?
• What are my investment options?