Types of savings in economics

Saving money, or the "saving habit"—as American author Napoleon Hill put it many years ago—is the foundation of all financial success.Having money saved is what provides the means for you to take advantage of situations—whether it's going back to college, starting a new business, or buying shares of stock when the market crashes.

Saving Money vs. Investing

There is a huge difference between saving and investing. Both saving money and investing money have a place in your life, but they play very different roles.

How you handle these two things can have big implications for your financial success and stress level, and how wealthy you will ultimately become.

Savings examples

It can even mean the difference between suffering through a recession or depression and sleeping soundly through the night, knowing that you have enough spare liquidity on hand.

Saving money is the process of parking cash in extremely safe accounts or securities that can be accessed or sold in a very short amount of time.

Investing money, though, is the process of usin

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