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Financial Planning

Savings and Investment

In the financial industry, there are two concepts that form the basis of most transactional activities. One is savings and the other is investments. A lot of times people confuse savings with investments. But savings and investment are different from each other in their approach of utilizing the money involved.
Savings refers to the part of the income which remains in the hands of a person, after paying all the expenses. On the other end, investment is the act of investing the saved money into assets, with a view to earning profit.

  • Tax is the amount of money charged by the government from the common…

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