Money Gains: Key Takeaways
Key Takeaways?
Aligning financial goals with time horizons helps you make informed decisions about how to save and invest
Saving vs. Investing
- Saving is a decision today, to put money aside for use at a future date
- Investing is putting that money to work so that it can grow
Compounding & Time Value of Money
- $100 today is worth more than $100 in 1 year
- Money invested today could grow to more money in the future
- Simple Interest is the money earned on your original investment
- Compound Interest is earned not just on the initial amount, but also on the money accumulated over time
- This helps your savings grow faster!
Next Steps
- Start a budget to help visualize your path towards a financial goal - whether it’s a new laptop, or a monthly savings target!
- Explore financial education resources, such as Fidelity Money Gains to learn more about investing opportunities
