If you can’t think that far ahead right now, then saving is a better bet for you. It’ll give you a pot of cash to dip into now and then for unexpected expenses and to treat yourself and loved ones.
Think of saving like planting bulbs for spring and investing like planting trees for years to come.
Either way, feeling in control of your cash by putting it somewhere it has a chance of growing can bring a sense of calm and happiness. We could all do with a bit of that.
A good rule of thumb is to consider investing when you have a long-term goal in mind and at least three-months-worth of outgoings in a savings account that you can access immediately if needed. And it’s important to remember that investments carry a higher risk and their value can go down as well as up.