What is the difference between saving and investing?

Moniflo11 Sep, 2023Business

Do you want to put some money aside for later? At the latest when you start thinking about your financial security in retirement, the question comes up: Do I want to save my money or invest it? The two terms are often used interchangeably, but they are different. This is why there are often misunderstandings. For this reason, it's important that you get to grips with the two concepts early on. Don't worry, you don't have to dig through dictionaries to understand the finer points. At Moniflo, we want to help you understand how the words "saving" and "investing" differ and give you tips on how to decide between the two strategies.