3. Create a Budget and Stick to It

Budgeting is an essential tool for managing your finances and identifying opportunities to save and invest. A well-structured budget outlines your income and expenses, helping you see where your money is going and where you can cut back. By including a line item for investing in your budget, even if it’s a small amount, you ensure that investing becomes a regular part of your financial routine.

4. Start with a Savings Account

If you’re new to investing, starting with a savings account can be a good first step. While the interest rates on savings accounts are relatively low, they offer a risk-free way to start growing your money. Once you’ve built up a small nest egg, you can start exploring other investment options.