Saving vs Investing: The Smartest Place For Your Money | NerdWallet

We'd all like to make smart decisions with our hard-earned money but sometimes knowing what decision is best for you can be a little tricky. In this video, NerdWallet's Chanelle Bessette provides insight into whether it's better to focus on saving or investing.

When it comes to financial planning, there's no one-size-fits-all approach. Some people choose to save everything they can, while others are more comfortable with a mix of savings and investing. The key is to find the right balance for your situation.

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Chapters:
0:00 - Intro
0:24 - Accounting for Inflation
1:10 - The Importance of Saving
3:34 - Where To Put Your Money When Saving
4:48 - Long-term Investing
5:08 - Passive Investing Explained
5:48 - When To Save vs When To Invest

#NerdWallet #Saving #Investing

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We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions.

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Saving vs Investing: The Smartest Place For Your Money | NerdWallet

[tahirisaid]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[helenaoki]

Thank you for your balanced yet informative video.

[AFPride]

With the comment of the roof falling in wouldn’t I just fall back on my insurance?

[Eli-qrhc]

Every country’s currency has fallen, except the USD… so far. I turn my dollars into commodities for when / if that happens. If not well, I still have my hedge against inflation.