With a new year first kicking off, now’s the time for a lot of people to make financial resolutions. And one of yours may be to finally start investing. Investing your money is a great way to grow wealth, but if you’re a total newbie, the process may seem overwhelming. Here’s how to tackle it in the coming year.
It’s a good idea to commit to investing a specific amount every month as your budget allows for, so to that end, take a look at your existing expenses and see how much cash you can reasonably afford to part with. That way, you can arrange for your money to get invested automatically so you’re not tempted to spend it on other things.