Saving vs Investing; What should I prioritize and how can I juggle between them.

It’s a common question with a not so common answer. “Should I be saving or investing my money?”. The answer to this question is unique to each individual person and depends on your specific financial situation. There are many factors to consider when trying to decide whether you should save or invest your money. In this blog post, we will explore some of these factors and offer guidance on how you can make the best decision for your personal finances.


What is saving?


Saving money is important for everyone, but it’s especially important for those who are trying to become financially independent.


Saving money gives you a cushion to fall back on in case of an emergency, and it can also help you reach your financial goals quicker.


There are many different ways to save money, including setting up a budget, Automating your finances, and looking for discounts.


Investing is also important, but it’s not as urgent as saving. You can start investing when you have extra money left over after you’ve saved up an emergency fund.


Investing can help you grow your money faster than saving alone, but it also comes with more risk.


You don’t have to choose between saving and investing – you can do both at the same time! Just be sure to prioritize saving over investing if you’re trying to become financially independent.


What is investing?


When it comes to financial planning, the terms “saving” and “investing” are often used interchangeably. They are both important aspects of building long-term wealth, but they serve different purposes.


Saving is putting money aside for a rainy day – it’s your safety net for unexpected expenses or a drop in income. Investing is using your money to grow your wealth over time.


The key difference between saving and investing is that savings are meant to be accessed in the short-term, while investments are meant to be held for the long-term. This doesn’t mean that you can never access your investment account – you can, but there may be penalties for doing so.


So, which should you prioritize? The answer depends on your goals and timeline. If you need access to your money in the next few years, saving is the way to go. But if you have a longer time horizon, investing has the potential to grow your wealth more than saving alone.


Of course, you don’t have to choose one or the other – you can do both at the same time! The key is to create a plan that sets aside money for both short-term and long-term goals.


The difference between saving and investing


The act of saving money is simply setting aside cash to be used in the future, while investing involves putting money into assets with the goal of earning a return. When it comes to deciding whether to save or invest, there is no one-size-fits-all answer – it depends on your individual circumstances.


Here are some things to consider when making the decision:


Your time horizon: If you have a longer time horizon until you need the money, you may be able to afford more risk and therefore may want to consider investing. On the other hand, if you have a shorter time horizon, you may want to focus on saving so you don’t need to worry about market fluctuations.


Your goals: What are you hoping to achieve by saving or investing? If your goal is simply to grow your wealth over time, investing may be the better option. If your goal is to have cash available for a specific purpose in the near future (e.g. buying a house), then saving may be better suited.


Your risk tolerance: This refers to how comfortable you are with seeing the value of your investment fluctuate. If you are okay with volatility, then investing may make sense for you. However, if you prefer stability and predictability, saving might be more up your alley.


Ultimately, there is no right or wrong answer when it comes to deciding whether to save or invest – it all depends on what works best for you given your


Should you save or invest?


When it comes to saving versus investing, there is no easy answer. It depends on many factors, including your goals, your age, your risk tolerance, and your current financial situation.


Here are a few things to consider when making the decision of whether to save or invest:


  1. What are your goals?


Are you trying to save for a specific goal, such as a down payment on a house or retirement? Or are you simply trying to grow your wealth over time? Your goals will help guide your decision of whether to save or invest.


  1. What is your age?


Your age can play a role in how much risk you are willing to take with your money. If you are younger, you may be able to afford more risk and thus may want to invest more of your money. However, if you are closer to retirement age, you may want to focus more on saving and preserving your capital.


  1. What is your risk tolerance?


Investing involves some degree of risk, and not everyone is comfortable with that. If you have a low risk tolerance, you may prefer to save more of your money instead of investing it. On the other hand, if you are willing to take on more risk, investing may be the better option for you.


  1. What is your current financial situation?


How to save and invest


There are a lot of ways to save and invest your money, but it can be difficult to decide what to prioritize. Here are a few tips to help you juggle between saving and investing:


– Figure out your financial goals. What do you want to achieve with your money? Do you want to retire early? Do you want to buy a house? Once you know your goals, you can start to figure out how much you need to save and invest.


– Make a budget. Tracking your spending will help you see where your money is going and where you can cut back in order to save more.


– Automate your savings. Set up automatic transfers into your savings account so that you’re less likely to spend the money.


– Invest in yourself. One of the best investments you can make is in yourself – through education, networking, and other professional development opportunities.




There is no easy answer when it comes to saving vs investing. Both have their own merits and it really depends on your individual financial situation as to which one you should prioritize. However, if you are able to juggle both saving and investing, you will be in a much better position to achieve your financial goals.

Weighed down by Student Debt? 7 tips to get out of it, quick!

People around the world are becoming increasingly dependent on student loans to finance their studies, and so, IMMFX is happy to share these 7 tried-and-tested tips to help anyone fast-track their way out of student debt:

People with degrees can earn 56% more than high school graduates, which makes the decision between continuing your studies or setting off on your own after high school a no-brainer for many. 

We get it. As living costs increase and more employers seek degree-holders, we all want to secure the best opportunities to guarantee comfortable and stable futures for ourselves and our loved ones.

However, the cost of pursuing a degree has also grown drastically over time, with students today paying 213% more than what their parents did back in the 1980s. Resultantly, students have increasingly become dependent on student loans to finance their studies, to the point where there is now around $1.5 trillion of total student debt in the United States.

Each graduate owes an average of $37,172 of student debt as of 2018, making it much more difficult to become truly financially independent. With the cost of higher studies extending far beyond simple tuition fees to include dormitory and living expenses, textbooks, and specialized materials to consider, it may come as no surprise that around 2 million graduates end up owing more than $100,000.

Here are some of IMMFX’s best tips to help you fast-track your way out of student debt:

1. Don’t rush to ‘upgrade’ everything all at once

You did ityou’ve graduated and landed your first job! Congratulations for finally getting yourself out into the ‘real world.’ But that doesn’t necessarily mean that you have to stop living like a student. 

Wait, what? Fresh graduates tend to want to make it on their own quickly, but you might not necessarily want to ‘upgrade’ your lifestyle too fast if you want to be able to save more cash and eventually pay off student loans sooner. 

While we don’t suggest that you go back to living on an instant ramen-based diet, try to remember to prioritize essentials and invest in items that will bring longer-term benefits. As with the modest-but-functional scientific calculator that never once failed you throughout the years, you don’t necessarily need to replace your smartphone every year. And that latest model might not be spectacularly different from your current phone, anyway.

As for rent, the biggest regular expense that people have, you might want to consider saving a few hundred dollars each month by forgoing that brand-new downtown apartment to seek a more affordable place or move back in with your parents. This can give you the time to figure out and grow comfortable with your finances. Your mother might even be glad to have you back at home… for now.

2. Create (and stick to) a budget that’s right for you

If you’re one of the 40% of adults who don’t actively keep a budget, then the time to start is NOW. Budgets don’t have to be complicated labyrinths of numbers—they’re simply meant for you to keep better track of where your money is going.

One of the tips we’ve found to be highly effective, especially when actively trying to work down student loans, is taking a ‘bottom-up’ approach to creating a budget. This means immediately setting aside a portion of your monthly budget toward savings and repayments on student loans, and then working with the remainder for your day-to-day expenses. (ex. $100 salary – $10 for student loans – $15 for savings = $75 for rent, food, etc.)

Simply put, if you start with the assumption that you are paying X amount toward your student loans every month, then you begin to develop the habit of making regular payments (which will be great for your credit rating down the line), nudging yourself toward making smarter spending choices by working with a slightly-smaller monthly budget.

3. Always try to pay more than your minimum dues

Paying off student debt can sometimes be a 20-year commitment. And as with any bad relationship, it’s in your best interest to get out of it as quickly as possible, which may mean making bigger payments (but only where it wouldn’t hurt to do so).

Whenever circumstances allow, try to pay more than the minimum amount due on your student debt. A difference of 5-20 dollars made by simply rounding up to a higher amount each month can go a long way in helping you pay off your student loans a few months, or even years, earlier than expected. This can potentially save you thousands in interest payments.

Now, there are two common ways to go about this if you find yourself trying to balance multiple debts at once:

  • Prioritize debts that carry the highest interest rates, as higher-interest debts are usually more expensive and getting them out of the way earlier leaves you with smaller, more manageable debts to deal with.
  • Prioritize debts with the lowest principal amounts first. This method works under the more modern assumption that quick ‘wins’ with smaller debts would give you the confidence and momentum to tackle progressively larger debts.

4. Consider student debt consolidation (or forgiveness!)

The average federal rate for student loans stands at 4.5% for undergraduates and 6.3% for graduate studies. These interest rates may not mean much at the start, but steep rates can cause headaches when you realize that it adds up quickly down the line. And even if you do feel like these are manageable, it’s always a good idea to shop around among private lenders, some of whom would offer refinancing options at considerably lower interest rates.

However, be aware that while private lenders may offer attractive consolidation packages that allow you to focus on one larger (and less expensive) loan instead of several smaller loans, they are often not as flexible as federal financing.

Also, some states actually offer student debt forgiveness to qualified graduates, but make sure to do your research, as these programs often only cover people in public service, who have especially repayment histories on student loans.

5. Leave your credit cards at home (if you can)

People with steady incomes and bank accounts are the prime targets of credit card companies, and having an available credit line is undoubtedly practical in cash-tight situations. However, studies show that consumers can spend 100% more on credit than with cash. 

So, while your credit card company may offer attractive ‘rewards,’ be very careful to avoid adding another battlefront to your war against student loans. Remember, you’re not saving 20% on that credit card deal if you’re actually still spending 80%.

The easiest way to prevent this from happening is by paying for everyday transactions with cash or your debit card and strictly reserving your credit card for emergencies. This may take some getting used to, but by directly spending the cash that you already have in your bank accounts, you maintain a stronger psychological connection with your money. 

This, in turn, makes it easier to not only monitor your expenses, but also save yourself from yet another monthly bill (with so many fees!) to keep track of.

6. Look for ways to earn (and save) while having fun

Nope, we’re not talking about taking on an extra job or necessarily going back to your part-time student gig waiting tables at that café down the street. We’re talking more about exploring options that 1) don’t take away from your precious ‘me-time’ and 2) don’t make you feel like you’re working a second job.

Think of how modern technology and lifestyles have allowed millions of people to monetize their hobbies, free time, or other resources by driving for Uber, putting up spare rooms on Airbnb, or walking their neighbors’ dogs every weekend, for example. 

The payout might likely be modest, but could still contribute substantially to your savings, if not just your direct spending budget. This also has the not-insignificant bonus of knowing you’re actually helping other people go about their own busy lives. 

And hey, at the very least, you’d actually get paid to hang out with cute little doggos!

7. BREATHE. Don’t overstress yourself about your loans.

Yes, this is our final piece of advice. As we mentioned at the start of this article, we get you. Dealing with student debt can involve ridiculous (even scary) timescales and monetary amounts, but it’s important to understand that you are always in control of the situation

Getting out of student debt is a process, and not a race. Different solutions will work for different people, and your mission is simply to mix the right cocktail of solutions to fit your needs and lifestyle.

So, if you’re struggling to make this month’s payment, then try to find ways to make up for it next month (or the next). Remember that you took out these loans to improve your life, and so they shouldn’t take over how you live it. 

Don’t be afraid to splash (or at least sprinkle) some cash to take care of yourself by getting enough exercise and eating right, or to simply enjoy by engaging in hobbies and going out with family and friends once in a while.

Speaking of friends, you’re not alone in this fight. Reach out to other people to see how they’ve been dealing with their own student loans and exchange advice. And with almost any type of content being accessible through the internet these days, student debt management tips and resources (like this IMMFX article!) are always available for you to consult in order to find ideas to try out. 

There may not be a magic perfect solution, but approaching its challenges with the right attitude is already a great start.


You’ve got this!


The IMMFX Blog brings you the latest financial knowledge and trading tips to help you make smart trading and money decisions. Continue exploring our blog and website to learn more, and then open a new Prime account to be able to claim an exclusive 20% Welcome Bonus!

IMMFX is a global STP forex broker that offers traders the best conditions and tools to start securely trading over 200 different instruments (including stocks, indices, cryptos, metals, and energies) with low spreads and latency, flexible leverage, deep liquidity, and fast execution.

Enhancing your Account Balance with Proper Money Management

Forex trading is a relatively easy activity to understand and perform. Despite this, it has caused countless financial losses over the years as a result of limited market knowledge, ill-executed trades, and poor money management.

To become a long-term trader with a positive FX trading record you need to follow a certain number of steps to enhance your chances of augmenting your forex trading account balance. One of the first steps towards enhancing your forex trading account balance is to ensure that you select a reliable forex broker who upholds the strictest trading standards.

Choosing the Right Forex Broker 

Your chosen forex broker can help you enormously to enhance your account balance with proper money management. The first step in selecting a broker is to find someone who is reliable and have mostly positive reviews, as this ensures utmost protection of your funds under all circumstances.

Another reason to carefully select a broker is to ensure that they offer superior trading tools and a complete range of forex trading services, including professional, around-the-clock support. With the right support, tools, and resources you will soon learn how to execute your trades in accordance with your level of risk and your goals as an online trader.

Why trade forex with IMMFX?

  • Licensed broker
  • Low spreads
  • Full Hedging Capability
  • Swap Free Account
  • Deep liquidity
  • Safety of Funds

Money Management Strategies

Listed below are more forex trading money management strategies that should be followed to enhance your trading account balance…

  1. Use small lot size for greater flexibility and reduced risk
  2. Limit your use of leverage on the trading platform
  3. Use predetermined stop losses to control losses on a trade
  4.  Always follow your trading plan
  5. Seek forex trading opportunities where rewards go beyond risk

Staying informed of the market 

  1. Attend conferences, seminars, and events, whether they are held locally or on the internet
  2. Network with other online traders
  3. Discuss ideas in forums and Forex blogs
  4. Read forex news, economic releases and financial reports
  5. Watch the latest forex news, market videos and headlines
  6. Teach a friend all about trading forex – it’s a great way to understand the market from a fresh perspective
  7. Test new FX trading strategies on a demo trading account to see which strategy generates the most profitable results