The terms 'saving' and 'investing' are often used interchangeably, but this isn't always accurate. Savings and investments are two different types of financial tools that are used to fulfill different needs.
Savings: This refers to setting some money aside to be used in the future. The money is usually kept in a savings account and can easily be accessed, especially in emergency situations.
Investment: On the other hand, investment refers to buying assets like bonds, stocks, real estate or mutual funds to help your money grow.
While a savings plan enables you to build up a corpus over time, an investment plan provides you with an avenue where you can help your money grow
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