Benefits of saving and investing your money are to prepare for emergencies and major milestones in your life when you might need the money. By getting into the habit of saving money, you learn about controlling spending and putting aside money for future costs. There are some programs offered by governments to encourage investment by lowering or eliminating taxes for participants.
By setting goals, you also can measure your progress and understand how different investments perform over time. When choosing an ETF or a mutual fund, lower expense ratios can be one factor to consider as it can improve returns. Expenses and the profile of the funds are just some of the factors in choosing which assets to invest in, as well as the time frame for your investment.
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