Reminder: Building Your Savings Should Take Priority Over Investing.

Reminder: Building Your Savings Should Take Priority Over Investing.

Trading and investing in the Stock Market have become very popular after the covid-19 virus stock market correction.  For this reason, I have been hearing from far too many individuals who admittedly have not yet establish a reasonable savings plan, but have already jumped into investing as well as trading. 

We should focus on our savings to give ourselves a solid foundation to withstand hard times such as what many have or are experiencing during the covid19 pandemic.  After doing so, we could venture into whatever form of investing we desire. We never want to be forced to sell our investments for the sake of basic living expenses or even emergencies.  Instead, our investments should keep working uninterrupted.

Though interest rates are falling, we should still remember that our pace of saving should exceed that of our investing.  Again, we should establish proper saving habits before we even start investing.

Good luck and be safe!

Carlisle

Welcome to My Savings and Me. I have been blessed just enough to have a financially stable life for my family and myself. I have used simple saving and investing methods to make my money work for me and it is now my hope that information shared throughout this blog may ignite a fire in others.

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