What is the easiest way you can start to invest and save cash for the future?

Answer 1

Number 1 would be to pay yourself first! Commence a primary checking account till you have a minimum of 3-6 several weeks of just living expenses in the bank. Here's your emergency fund and can be used a cushion o fund problems and short-term needs, so it's not necessary to get into debt to aid your way of life. Obviously you can spend less than 6 several weeks of expenses; however this is the easiest method to begin a good practice of saving. Don't allow stalling thwart your plans. The sooner you begin the greater.

Answer 2

The best way is to pay yourself FIRST. This sounds hard, but it isn't. It helps if you use online banking and set up 2 bank accounts-- one a checking account and one a savings account. Open each with the minimum required. First, decide on an amount you want to save from every check you receive (paycheck or benefits check). Let's say your income is $840 per month. Decide to save at least the $40. Set an online payment from your checking going to your savings for $40 a month. But the key is, now forget you have that extra 40. Pretend you only bring home $800 (not 840). Every month, auto banking will shift the amount to your savings. Easy! Aim to subtract an amount small enough that you won't miss it, but as large as you can. But, even $5.00 a month adds up! Just make a promise to yourself you won't touch that savings!

When you get a chunk saved, then invest part of it---but---keep doing the auto monthly shift from checking to savings. Until you get a chunk saved, research investments. Call banks to see what CDs they offer and the percentage of interest they give. You might be better off just with a good regular savings account.