As you learned in this section, saving and investing are not options. They are necessities that require attention over your lifetime regardless of your age now. Your short and long-term financial stability depends on how clear and disciplined you are with your saving and investment plans. From emergencies to retirement, a strong savings and investment plan will make your life easier financially and otherwise.
Your knowledge and decision-making help determine your saving and investing ability. Knowing the differences among compound and simple interest, risk, and various investment vehicles is a guide for your future. Remember to pay yourself first. Then you will have the means to help others.
As you start thinking about more complex possibilities and risks, you might need professional advice. Finding the correct person for financial advice can be a difficult task. Use the resources of this unit to assist you in making a decision.
The last step to complete the Saving and Investing Head Matters section is to test your knowledge with a quiz. Just click "Next" to begin your quiz.
Used with permission. Financial Fitness for Life
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