Some savings are necessary in life as these savings will be some recourse in your old age. But of course, investment should be given priority over savings. According to me, investment should be prioritized for four reasons.
 The number one reason is investment will yield a high rate of return which is never possible from savings.
The second reason is if the money is saved and later on if there is inflation, then the profit from the investment will face a loss.
Number three saving is stable and investment is dynamic. We know that status is death and speed is life.
The fourth and final reason is the opportunity cost of savings is high.