Tuesday, July 10, 2012

Saving is the process of keeping some money from your income or pocket money or other as for future use. Saving should be taught to children from their early age. in most countries the baby children use piggy banks for their saving. Later this grow to bank accounts and other plans (like pension plan). Saving also means a way to spend less in the daily activities and also in other sectors. Spend less and save more Saving also means to increase in one's assets. Investments in some sectors, saving in bank so that the bank can use the money for their investments is also a process of saving. money saved other than investing is known as savings. It can be the saving in the piggy bank or the money tucked under the mattress for future use. Investment is saving while savings is not investment. Even the saving of the goods can be considered as saving.

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