In Finite Differnece, the Dependant variable values are stored at the nodes only

.
In FEM, The dependant values are stored at the element nodes.
But in FVM, the dependant values are stored in the center of the Finite volume.
In FV approach, Conservation of mass, momentum, energy is ensured at each cell/f
inite volume level. This NOT true in FD and FE approach.
It is always better to use Governing Equation in Conservative form with FV appro
ach to solve any problem which ensures conservation of all the properties in eac
h cells/control volume.