Finance in a minute

When people talk about managing their money, two words always show up: saving  and investing . They may seem similar because both involve putting money aside for future spending but they are different, and understanding this difference is crucial.  What is Saving? Saving is simply keeping money so you can use it later.This is the money you put into a bank account and don’t plan to spend immediately. Savings are meant for things you might need in the near future, like buying s

In the previous article, we spoke about saving and investing and how they serve different purposes of savings  keeping your money safe and investing  giving your money a chance to grow. But how does money actually grow? Most of us imagine growth in a straight line. You put some money away, it increases a little, and then it increases by roughly the same amount again the next year. But thats not how it works in most cases When you invest, the returns you earn don’t sit separat

Once you understand that investing helps money grow over time, the next obvious question is: Where do people actually invest their money? There isn’t one single place. Instead, people choose different options depending on how safe they want to be, how long they can wait, and how comfortable they are with ups and downs. Savings Accounts: The Parking Spot Most people start here. A savings account is where money waits. It earns a little interest, stays safe, and is easy to acces

Imagine you and a few friends decide you want to order food together. One person wants pizza, another wants pasta, someone else wants dessert. Instead of each of you ordering separately and hoping you picked the best dish, you all put your money together and let someone experienced choose a balanced spread for everyone. That’s basically how a mutual fund works. So what is a mutual fund? A mutual fund is when many people pool their money together, and that combined amount is i

By now, we’ve talked about saving, how money grows, and different ways to invest. This is where all of it comes together. Whenever people talk about investing, two words always appear: risk  and return . Return  is what you hope to earn. Risk  is the chance that things don’t go exactly the way you expect. The reason they’re always mentioned together is because you rarely get one without the other. Think about the safest place we have learnt to invest your money: a savings acc