Saving and Investing
Saving and investing strategies help individuals achieve personal financial goals.
16. Saving and investing help to build wealth.
Building wealth is the means for preparing for planned and/or unexpected expenses and for obtaining financial security.
Savings is one way to build wealth (e.g., passbook savings accounts, money-market accounts, time deposits).
Investments are ways to build wealth (e.g., bonds, stocks, mutual funds, 401(k) plans). Individuals may invest in real estate to rent or eventually sell at a profit.
Expectations for Learning
Explain how saving and investing help to build wealth.