From diff.wiki

People have often found themselves in difficulties where they can't decide whether they are to save or invest. However, it is best to consider the odds based on your financial objectives and aims in situations like this.


Saving is the process of accumulating or storing money for future use. Saving is the act of setting aside a fraction of your income, earnings, allowances, money, and so on to meet up with a set goal or objective. Also, people save many times to cover expenses in an emergency.


You invest when you use your money or capital to buy assets that may require daunting risk yet, increase value over time and give high returns. People invest with the hope of getting financial profits in due time.

Table of comparison

You have full access to your money, and you may extract a part of your savings anytime if you wish. When you urgently need financial backup, accessing saved funds will be easier. Having access to your money may be periodic. It all boils down to the type of investment you make. Before you can access invested funds, it might take you a long time compared to your wait for saved funds.
Easier. Relatively harder.
The risk involved in saving is minimal compared to the risk involved in investments. The risk involved in investment is high. It varies and is dependent on what you are investing in. You may end up losing a fraction or losing all the funds you invest.
Interest earned on savings is mostly low compared to the interest on investments. Investment interest is not always fixed. Investment has more tendency or potential to bring higher interest than savings, yet, it can sometimes bring lower interest.
Mainly adopted to meet up with short-term financial goals. Mainly to meet up long-term financial goals.