Are You Satisfied with the Amount You Save?
This unit is designed to help you "find" money to fund your investment plans. We will suggest tools for success, but you have to supply the desire, self-discipline, wise decisions, and good planning to be successful.
Review your financial status by answering these questions:
The more times you answer "yes" to these questions, the more likely you are a prudent saver. A "no" can help you identify areas where you could do better. Once you have a sound savings program in place, you are ready to invest surplus funds. Unfortunately, many people feel their savings are not sufficient, and they see no way to meet their immediate needs and have extra funds to invest.
Through this unit of study, you will explore strategies that will help you:
It doesn’t take a lot of money to start investing. Unit 8, Investing With Small Dollar Amounts, provides examples of investments that require as little as $25 for a U.S. savings bond or $250, $500, or $1,000 to open a mutual fund account, depending on account requirements.