Saving and Investment

4.7  Saving and Investment
 

Needs and Wants

  • Use money for needs first.
  • We must meet our needs so that we can continue with our lives better.
  • Wants improve the quality and comfort of our lives.
 
Example of Needs

Clothes

Foods

Place to live

 
Example of Wants

Education/

Learning

     Toys  

   
 

Saving and Investment

Savings are usually earmarked for short-term goals, while investments are more appropriate for long-term goals such as retirement.

  • We need to keep money in any bank of our choice. The money is useful for further education later. Our lives will be more comfortable in the future.
  • We are encouraged to invest money by donating to people who are more in need such as flood victims. This can ease their burden.
 

Saving and Investment

4.7  Saving and Investment
 

Needs and Wants

  • Use money for needs first.
  • We must meet our needs so that we can continue with our lives better.
  • Wants improve the quality and comfort of our lives.
 
Example of Needs

Clothes

Foods

Place to live

 
Example of Wants

Education/

Learning

     Toys  

   
 

Saving and Investment

Savings are usually earmarked for short-term goals, while investments are more appropriate for long-term goals such as retirement.

  • We need to keep money in any bank of our choice. The money is useful for further education later. Our lives will be more comfortable in the future.
  • We are encouraged to invest money by donating to people who are more in need such as flood victims. This can ease their burden.