Easy Investing App, To piggyback on my budgeting post from last week, I wanted to share an easy investing app that Rob and I both started using a few months ago. I also should mention that I am not an investing pro and obviously this should not be taken as professional advice!
I’m simply a mama, trying to share some cool finds with you have that made investing more approachable and easier for someone like me who is not a finance expert.
I’m a big believer in making my money work for me, thanks to my parents for instilling this in me from a young age. Plus, the idea of retiring earlier and getting to travel more and have total financial freedom seems pretty dang awesome, right?!
And, it starts NOW! Or hopefully earlier, but if you haven’t started yet, it’s not too late and I encourage you to start investing sooner than later! If you’ve been looking for an easy way to invest money or are curious about how to get started investing, read on—these ones for you!
Our Favorite Easy Investing App
One of our friends told us about Betterment. It’s an app, but you can also use it on your computer, so we decided to try it out. We have other investments as well, but I love the idea of having multiple different investments in different places. Plus, it’s SO easy.
The main reason I wanted to do it was because I wanted to be more intentional about investing every month instead of once every few months or once a year.
HOW TO START INVESTING
Just start! What I love that Betterment is that it’s so simple. You can literally get it set up in just a matter of minutes. You just need your bank information and an idea of what you want to do. Personally, I use the General Investing option and I also have a second account that’s just a savings account that has a much higher rate than what my bank was giving me—I believe around 2% interest.
It automatically pulls from my bank account twice a month (you can set your frequency and amount) and I don’t even have to think about it. I’m building a little extra nest egg on the side without thinking twice. Most months, I don’t even realize it’s happened, so it’s not like I’m missing that money anyway. Out of sight, out of mind!
WHEN TO START INVESTING?
If you don’t invest, I highly suggest starting TODAY! I remember seeing this graph years ago. It’s such a good visual of why starting as early as possible is the best thing you can do for yourself and your financial future.
It doesn’t have to be a huge amount that you invest every month, but every bit counts! Pick a realistic amount and set it to auto-draft and you won’t even have to think about it.
The best part is looking up in a few months or years and realizing you have more money than you thought! Imagine what that might mean for your future!
REMIND YOURSELF WHAT YOUR INVESTING FOR
I think a lot of us would simply say—our futures! But, I find that when I mentally attach a specific big goal for my investing, then I stay motivated and excited about my goals.
Right now, my biggest motivation is buying our first home. We’ve rented for the past 8 years and I finally want to be able to live in a place where I can change what I want! Your girl is sick of weird paint colors and ugly kitchens. This isn’t necessary, but if you’re struggling with setting aside that money each month, this might be a great practice for you.
I know that investing can seem scary or intimidating, but it doesn’t have to. And that’s why I love this app so much. It’s simple, to the point, and designed for people who are investing pros (like me!).
Do you invest regularly? Have you tried Betterment? Do you have any apps or platforms you use that are easy? Share below!
WANT TO REMEMBER THIS EASY INVESTING APP? PIN THE IMAGE BELOW!
Post from: thefoxandshe.com
More post Click Here