12 fast ways to get money now<\/a><\/li>\n<\/ul>\n\n\n\nThe other way is to decrease expenses. This could include for example spending less on eating out and on entertainment. <\/span><\/p>\n\n\n\nMaking simple changes like not buying coffee every day or taking lunch from home instead of buying it, can leave more money to save.<\/span><\/p>\n\n\n\nLet\u2019s look at investing money next.<\/strong><\/span><\/p>\n\n\n\nInvesting Money<\/span><\/strong><\/h2>\n\n\n\nWhile saving your money is certainly a safe money move, it is not the best way to grow your money. <\/span><\/p>\n\n\n\nWith extremely low-interest rates and an economy that seems to be growing, the best option for anyone looking for financial growth is\u00a0<\/span>investing money<\/span><\/strong>.<\/span><\/p>\n\n\n\nInvesting money is a broad term that can apply to a wide range of investment sectors. <\/span><\/p>\n\n\n\nInvestments can range from stocks and bonds to real estate, to commodities and various other asset groups.\u00a0\u00a0<\/span><\/p>\n\n\n\nSo why should you invest money?<\/span><\/strong><\/h2>\n\n\n\n\n- Investing wisely increases your monetary growth more than interest in a savings account<\/li>\n\n\n\n
- Creates security for your retirement<\/li>\n\n\n\n
- Improves your financial literacy<\/li>\n<\/ul>\n\n\n\n
Here are a few key reasons why investing money is a sound personal finance option.\u00a0<\/strong><\/span><\/p>\n\n\n\nMonetary Growth<\/span><\/strong><\/h3>\n\n\n\nAs stated before, interest rates are currently very low. Some of the highest savings accounts are below 2%. <\/span><\/p>\n\n\n\nTherefore, if you don\u2019t want your money to slowly be eroded away by inflation, you need to invest.<\/span><\/p>\n\n\n\nBy investing your money wisely, you can beat inflation and make significant gains in the capital value of your investment. <\/span><\/p>\n\n\n\nBesides this, you may also gain a rate of return above the current bank deposit interest rates. <\/span><\/p>\n\n\n\nWhile the rate of return<\/strong> from investing can be variable and subject to market fluctuations, the rate of return from investing is generally better than saving, especially over the long term. <\/p>\n\n\n\nInvestments are a longer-term and generally more profitable use of your money than are savings.\u00a0<\/span><\/p>\n\n\n\nRetirement<\/span><\/strong><\/h3>\n\n\n\nWith Social Security slowly dying and pension plans virtually nonexistent, investing is the best way to go for those looking to have a\u00a0<\/span>good retirement<\/span><\/strong>. <\/span><\/p>\n\n\n\nWith options such as\u00a0<\/span>401(k)<\/span><\/strong>, those investing money into their retirement can benefit immensely.<\/span><\/p>\n\n\n\nNot only is it commonplace for an employer to match retirement contributions <\/strong>up to a certain point, but income put towards 401(k) can be pre-tax income. <\/span><\/p>\n\n\n\nThis is a win-win for anyone looking for a comfy retirement future.<\/span><\/p>\n\n\n\nLearn More About the Economy<\/span><\/strong><\/h3>\n\n\n\nTurning on the news and hearing all the jargon related to the economy and investing can seem intimidating. <\/span><\/p>\n\n\n\nThis is where investing isn\u2019t just beneficial to your money, but to your knowledge as well.<\/span><\/p>\n\n\n\nAs you continue to invest and research where you want your money to go, your knowledge of how the market works will increase. <\/span><\/p>\n\n\n\nThis is a great plus to anyone who wants to know more about how the economy is working and our country\u2019s financial status.<\/span><\/p>\n\n\n\nShould You Save or Invest?<\/span><\/strong><\/h2>\n\n\n\nBoth. You should start saving for the reasons mentioned above. Once you have secured those areas, it is a good idea to start investing for long-term gain.\u00a0<\/span><\/p>\n\n\n\nSaving your money and investing your money are the keys to successful personal finances. <\/span><\/p>\n\n\n\nLearning how to wisely manage your money in those two areas will greatly improve your monetary wellbeing and future financial situation.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"The Benefits of Saving and Investing Your Money When it comes to building a safe and secure financial future, there\u2026 <\/p>\n","protected":false},"author":37432,"featured_media":84621,"parent":0,"menu_order":3,"comment_status":"closed","ping_status":"closed","template":"","meta":{"disable_branded_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ep_exclude_from_search":false},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages\/4314"}],"collection":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/users\/37432"}],"replies":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/comments?post=4314"}],"version-history":[{"count":50,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages\/4314\/revisions"}],"predecessor-version":[{"id":81468,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/pages\/4314\/revisions\/81468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/media\/84621"}],"wp:attachment":[{"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/media?parent=4314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/categories?post=4314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financer.com\/wp-json\/wp\/v2\/tags?post=4314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}