Savings focus on preserving your money with minimal risk, typically in accounts that earn modest interest. Investments, on the other hand, aim to grow your wealth by allocating money into assets like stocks, bonds, or real estate. While investments offer higher potential returns than savings, they also carry the possibility of loss, making them a balance between risk and reward.
Inflation is the gradual increase in prices over time, meaning you need more money to buy the same things. It’s important to consider inflation when investing because it can erode the purchasing power of your savings. Some investments, like stocks or real estate, can outpace inflation, helping to preserve and grow your wealth.