Well this is a question which troubles every person these days. A person in this uncertain world is always confused when it comes to future planning. But it is a very essential question on the other hand, as it helps you in planning your future deals.
Well a person should be saving and investing at the same time. As if you think you’ll be keeping your money in your back pocket instead of investing or saving it into something then you will never have that perfect future, which fully depends upon the kind of saving or investment you’ll be doing. It is a major step one takes during his/her working tenure so that they can have a peaceful retirement life.
At some points of life, saving becomes a necessity like for instance one needs to save for a bigger house or for there child’s college fees or medical emergencies, and at that very same point of time one needs to invest also, so that he can take benefit from the outcome of that investment. Well in simple words saving and investment both are synonyms. They just differ on only one character and that is time.
If the money or any financial asset is kept untouched for a shorter time period or for some particular aims like buying house or funding college fees etc, we call it saving and if it is kept for a longer time period to nurture some gains during a persons retirement then we call it investment.
This makes it equally necessary for a person to invest and save simultaneously during there earning part of life, which becomes as the most compelling reason to save and invest. So if you are still choosing between the two then I would suggest going for both options.