When I was cut loose! By my then wife and gender bending son. It hit me! “I need to save!”. Although! I do not like the interest rates (APY) brick & mortar banks charge Vs. online banks do. But I had to start somewhere.
Where I began opening my checking account. I also opened a savings account as well. I call my savings account my “Rainy day/sinking/emergency” account.
It was a good thing I did! This month my rent check I sent through the mail did not get to the rental office. I had to put a stop payment on it. that cost $35.00. I had enough money in my savings account to do a stop payment.
Though! This month! I will have to deposit $100.00 in the savings account to make up for lost time.The reason I started a savings account? Is because. In the past. I did not even think about it. Now! I am glad I did it!
I did a search engine for: “Investing with little money”. It came up with about four results. One of them. Was for “Robo investing” This is another thing I will be looking at and see how it goes.
There are other ways to invest as well. One is investing directly in the Company itself. But! You have to keep investing each and every month.
You may not agree! But! Investing is like voting. It’s personal!
I know people who think that! Where they work. Their employer will invest their money for them ( companies that have retirement investment plans). Rather than invest for themselves. To them! It’s safer. Then a DIY.
For starts: HOW TO INVEST . Since the days when I started investing! It was easy to learn and do. Now! Too many investment words!
Even in saving! One can find a good interest rate. But! Rates do change from bank to bank. You do have to be comfortable with the bank you choose.