Should I save or invest, what's the difference?

Saving is building up a financial cushion in case of an emergency to save for a specific goal, such as a deposit payment on a house or new car. You earn interest on your savings account, but the interest rate can be low.

Investing can include stocks, bonds, funds and other investments. When you invest you are taking on some risk, because the value of your investments can go up or down. However, the potential rewards of investing can be much higher than the interest you earn on savings