Should I save or invest? 

Saving and investing work hand in hand. 

• Saving is best for short-term goals (under 5 years) like holidays, emergencies or a house deposit. 

• Investing suits longer-term goals (5+ years), giving your money more time to grow and ride out any ups and downs. 

Experts usually recommend that you have at least 3 to 6 months’ worth of living expenses set aside in an easy-access savings account before you start investing. This means if you need money in an emergency, you won’t have to withdraw from your investments.