Saving and Investing Aren't the Same Thing
Saving and investing are both important but they each have a different purpose.
Saving is a great choice for short-term goals or money you'll need in the near future, like holiday shopping, an emergency fund, or a vacation.
Investing is designed for longer-term goals, such as retirement, buying a home, or building wealth over time. While investments can fluctuate in value, they also have the potential to grow over the long run.
The key is knowing which option best matches your financial goal.
Quick Tip
Before putting money aside, ask yourself: "When will I need this money?"
- Within the next few years? Saving may be the better fit.
- Five years or more? Investing may be worth exploring.
Looking to Learn More?
Through our partnership with Qtrade Direct Investing, Stoughton Credit Union members have access to an easy-to-use online investing platform, along with educational tools and resources to help you invest with confidence.
Whether you're just getting started or looking to grow your investing knowledge, it's a great place to explore your options.