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Saving vs Investing: How Do You Decide?
By Syfe  •  May 10, 2024
Singaporeans are known to be good at saving. According to the Department of Statistics Singapore, our personal savings rate was 35.2% in the fourth quarter of 2023. On the other hand, investing could be less familiar to many. Both saving and investing are important pillars in building a sound financial foundation, but they are not the same. Here are the differences between saving and investing, and why you should employ both strategies to build your wealth. 

Saving vs Investing, what’s the difference?

Everyone knows what it means to save—to set aside money, readily available for future purposes. Saving is predictable and safe, knowing exactly where your money is and how much interest you are earning.  When you invest, you put your money into assets with the expectation that the value of the assets will increase over time. Some of the typical financial instruments and schemes include stocks, bonds, mutual...
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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