Then, in the future, you should have its benefits to help finance more investments like cars and homes. Sort of like putting your money in a sock drawer. Sure, that makes sense, you say. Strict definitions can't explain the differences.
People usually talk about saving for particular things, like college, a car, or a computer.
Your mom is probably always telling you that money doesn't just grow on trees, but that's basically what happens when you invest. Saving can actually decrease the value of your money. Well, guess what'll happen when you're Grandpa. So let's talk about investing. Things called equities and mutual funds, which can actually help your money earn even more money.