Explain the needs for savings and investments

Saving and Investment

4.7

Saving and Investment

Needs and Wants

Example of Needs

Clothes	Foods
Place to live

Example of Wants

Education/

Learning

Toys

Saving and Investment

Savings are usually earmarked for short-term goals, while investments are more appropriate for long-term goals such as retirement.

We need to keep money in any bank of our choice. The money is useful for further education later. Our lives will be more comfortable in the future.
We are encouraged to invest money by donating to people who are more in need such as flood victims. This can ease their burden.

4.7

Saving and Investment

Needs and Wants

Example of Needs

Clothes	Foods
Place to live

Example of Wants

Education/

Learning

Toys

Saving and Investment

Savings are usually earmarked for short-term goals, while investments are more appropriate for long-term goals such as retirement.

We need to keep money in any bank of our choice. The money is useful for further education later. Our lives will be more comfortable in the future.
We are encouraged to invest money by donating to people who are more in need such as flood victims. This can ease their burden.