For me both, the money I save I will put in legit Iinvestment site ir fitýden,, cd vne othee | watch vehicle
Saving your money isn't a form of investment because the interest earned is pretty much low, even if you compound them over for a year period then you will get the interest rate will be lower than the yearly inflation rate . That means you are losing money each time you save them up, however atleast you are exposing your funds to a smaller risk . On the other hand there is always a safe deposits which could be consider as a form of investment.
I save small amount every salary in a bank for my emergency fund, and 40% of my salary goes to my investment (stock market,mutual fund, insurance) and the rest of my money goes to expensive and some is for my parents. Thats how I manage my money.