If you have extra money after paying your expenses, you can save and/or invest it. When you save you put your money aside without risk, usually with the chance to earn interest. When you invest, there is potential for your money to grow more, but it is not guaranteed. Investing is usually a better option for the longer term.

 

When getting advice on your savings and investments it's important to check that your adviser is authorised by the Financial Services Authority (FSA). 

For more information on managing your money, visit the websites below: