At Masons, we recognise the distinction between saving and investing, and the importance of both in achieving your financial goals.
Saving is a vital tool for achieving financial stability and security. Here’s why you should consider saving with Masons:
Security and Stability: Saving offers a safe way to build up a financial reserve. It’s less risky than investing, providing a stable source of income through interest accrual. While it may offer limited growth compared to investing, saving with Masons ensures the security of your funds.
Inflation Consideration: It’s essential to consider the impact of inflation on your savings. If inflation outpaces the interest earned, the real value of your savings may diminish over time. Masons ensures the security of your savings by selecting accounts covered by the Financial Services Compensation Scheme, providing protection against unforeseen circumstances.
Flexible Savings Options: Whether you’re saving for a significant purchase, planning a holiday, or preparing for unexpected expenses, Masons offers flexible solutions tailored to your financial goals. Our diverse range of savings products allows you to choose the option that best suits your needs and aspirations.
Peace of Mind: Saving with Masons provides peace of mind by establishing a financial safety net for emergencies or unexpected costs. Our dedicated team is committed to guiding you through the process, ensuring that you make informed decisions and achieve financial security for the future.
Saving as a Foundation: Saving serves as a crucial foundation for investing. It’s a stage on the journey towards investing and a fundamental aspect of financial planning. When someone talks about savings, they may refer to various cash instruments, such as deposit accounts or term bonds. As a saver, you take minimal risks with your money, typically opting for safe and secure options to preserve capital.
Transition to Investing: Investing is what you do with the savings you’ve accumulated. It involves deploying your funds into assets or ventures with the aim of generating greater returns than those offered by savings instruments. However, investing comes with higher risks compared to saving. While the potential rewards may be greater, there’s no guarantee of fixed returns, and your capital may be at risk.
Balancing Risk and Reward: The decision to invest involves weighing the potential rewards against the associated risks. While leaving money in a bank or building society deposit account offers security, investing offers the potential for higher returns. Many investors are willing to take on greater risks in pursuit of these rewards and to grow their wealth.
Partner with Masons: Whether you’re saving to build a financial foundation or considering investment opportunities, Masons is here to help. Our experienced team can guide you through the process, providing tailored advice and solutions to help you achieve your financial objectives.
Start Your Financial Journey: Partner with Masons today to take the first step towards building a brighter financial future. Contact us to learn more about our savings and investment options and how we can assist you in achieving your financial goals.