Banking

                                    Banking is when you give your money to a business and they store it for safe keeping and then leading the money in order to earn a profit, banking these days include credit and debit cards for a safer way to keep your money from people stealing it and it protects you from identity theft.

Savings

                                        Savings is when you save your money for later use, because people don't know what will happen in the future and you never know when you might be in need of money for emergency purposes, large financial problems, car breakdown etc. Saving money could also be used to buy things you could not afford with your monthly payment.