Setting aside money for the future through saving and investing can help you reach important goals, such as retirement, buying a home, or sending your kids to college. But while saving and investing sound like the same thing, they are quite different in terms of risk, returns, cost, and other factors.
In this article, we explore the key differences between savings and investing, the pros and cons of each, and when you should focus on one or the other.
This post originally appeared at TIME.