Saving and investing are similar but different. Everybody should be saving AND investing no matter what your income level. Saving helps you build an emergency fund for those unexpected expenses and meet short term goals. Investing helps you work toward long term future goals, such as funding a college account for your children or having enough money to retire.
Both are necessary for a well-balanced financial future.
Read Evelyn’s blog Saving Versus Investing on the Compass Catholic website.