How to grow your money by investing and minimal spending
Spending is sometimes used to mean investing, but there are several differences between them. Learn the difference between spending and investing to grow your money. Spending and investing are comparable in that you spend money when you buy goods like a new phone, a car, or investment assets. But where should the line be drawn between spending and investing? Here are the details on the difference between spending and investing : Spending : In general, you spend money to maintain your standard of living, which includes paying off bills, utilities, and rent. You also have to pay for food, transportation, debt, subscriptions such as Netflix and Spotify, your phone bill, and other fixed expenses. These are the types of expenses that you can no longer recover—they are no longer recoverable. Spending is not inherently bad. It's your money, after all. Frequently, you spend a large percentage (if not all) of your money on goods that give you rapid gratification (e.g., ne...