Top 4 Easy Ways to Save Money Every Month in Your Budget

Save Money Every Month

Most people do not think that they have enough money to save for retirement. I can remember asking my mother if she had any investments, stocks, bonds, and the like as a little boy. She told me that we barely pay the bills, let alone invest for retirement. I’m here to tell you that everyone can find easy ways to save money from funds leftover in their budget to begin investing. The real problem is if you want to make room in your budget. Do you want to do without 200 cable channels? Do you want to skip the trip to the coffee bar every morning and brew your coffee yourself? Many people say no, and that is why they … Read more

What Is Dollar Cost Averaging? – Advantages and Drawbacks

What Is Dollar Cost Averaging?

Dollar cost averaging is a well established, tested, and extremely reliable approach to accumulate wealth.   An investor who wants to put a lump sum of money into the stock market or mutual funds is wise to invest the money over a period of time in equal installments in order to avoid the devastating effect of a drop in the stock or mutual fund’s share price immediately after investing a single, lump-sum investment. What Is Dollar Cost Averaging? Dollar cost average, or DCA, involves buying the same dollar amount of an investment at regular intervals over the course of a set period of time. In doing so, the investor will purchase more shares of an investment when the share price … Read more