All You Need To Know About Savings and Investment

These two confusing words, savings and investments, are often used interchangeably and for many are future occurrences, but they are definitely not the same. So what is savings and investment?

Savings is the portion left over from disposable income that is not spent on consumption of consumer goods or invested directly or indirectly, in the purchase of capital investments, mortgage, securities etc. An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future. In economics, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth.


With so many expenses, it is not easy to save and make smart investments, but it is achievable and here is how you can do it:




Keep a perspective in mind:

Your savings and investments is a way to secure your future and that of your family. The value of your portfolio is dependent on the enjoyment and security your family will enjoy in the future. Stay focused and keep investing. Don't panic if stock falls.


Spend less, save more:

The first step to saving is to spend less, and that means cutting expenses wherever it is necessary, especially frivolous expenses. You can save more by getting rid of things you don’t use that consume money. Most times, people can find what to trim from their budgets, if they look hard enough. Always transfer money you don’t need to your savings account.

Refrain from borrowing:

Whatever you do, don’t borrow or try not to. Borrowing is a savings and investments killer. Once you get comfortable with borrowing from your future income to pay for today’s expenditures, you will find it difficult to save little.


Lose a habit, save more:

If you buy breakfast on your way to work every morning, resolve to start making your breakfast, even food as little as a sandwich will serve the purpose of breakfast. Like earlier said, breaking the habit of borrowing, will help you invest in the future.


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Think of creative ways to make more money:

Thinking of creative ways to save money will be profitable to you, in the long run. Selling something you don't need anymore like an extra car, used designer clothing, collectibles, musical instruments or jewelry, can also generate cash for savings.


Start small:

If saving is not easy for you, you could start small by saving a few hundreds every week. You could also save money for specific purchases and expenses, so that you don't need to borrow. Even after spending your saved sum, you should continue in the act of saving towards your needs, rather than borrowing.


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Stick to an investment plan:

Leadway Assurance has several plans like the savings, target, investment, annuity and life insurance plan.

Sincerely, these plans force you to save money that turn up for you and your family in the future.

You also have a lot to gain with having any of such plans with a reputable company as Leadway Assurance. Go here to learn more about the available plans or call 012800700.

Educate your mind:

There are hundreds of excellent finance, investing, economics, accounting, business and management books out there. A few hours of well-directed reading each week can have a fattening effect on your pocketbook as well as give you something to talk about at your next cocktail party – the reason you should always visit


When you save, you don’t just save for your present needs; you save for the future and eventualities. Choose the right savings plan that works well for you.




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