Saving and investing are both ways to set aside money for the future. Learn the differences to help you decide which is best for your goals.
Saving money
Keep your financial goals on track by saving some money each month.
What are financial goals
Knowing what you’re saving for will help you figure out how you’ll reach your goal.
Decide how much you need to save
Knowing how much you need to save will help you decide a monthly savings goal.
Make it easier to save
It pays to make saving a habit. Look for easy ways to build saving into your life and to make it automatic.
Saving for short-term goals
If your savings goal is less than 3 years away it’s probably a short-term goal. This means you can choose certain saving or investment products to help you get there.
Comparing short-term investments
If you’re saving for a short-term goal there are nine common saving and investing options to help you.
Saving for long-term goals
If your goal is long-term it’s likely you’ll want to choose a saving and investing strategy to match. Consider these tips to break down your goal and start saving.
Growing your savings with compound interest
Learn how compound interest works to grow your savings.
Preparing for financial emergencies
One of the best ways to cope with unexpected financial changes is to have an emergency fund.
4 reasons to keep saving when inflation is high
If you’re concerned about whether to keep saving during high inflation times, consider these 4 tips.
Get your savings back on track
If a financial setback happens to you, saving money may be the last thing on your mind. These 4 steps can help get you back on track — and back to saving money — more quickly.