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Tips for Saving Money for Investments
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Do a thorough run down of ____________ to see where you can find money for investments.
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Tips for Saving Money for Investments
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Hi, my name is Jon and I'm an independent investor in Kansas City, and I'm here today to talk to you about tips for saving money for investments on About.com.

Make Saving a Priority

If you are going to save money for investments then you are going to have to make it a goal and a priority, because otherwise you will be tempted to spend that money as soon as you get it. So first, set up an auto withdrawal from you checking or savings account with your brokerage firm. That way your money will be automatically deposited every week or two weeks or month. So you will not actually see it or have it in your hand.

Where to Save Money

Next, do a thorough run down of your budget in order to see where you can find money for investments. Here are eight common areas where you could save money in your budget:

1. Groceries and eating out

2. Pay off credit cards, because your paying interest that could be going to your investments

3. Your cable subscription

4. Your cell phone and data plan

5. Your gas. Try to consolidate your trips

6. Cancel subscriptions to magazines or entertainment like Netflix

7. Buy used or on sale

8. Don't buy books, use the library

Thanks for watching and for more information on stocks and investing, be sure to check us out on the web at money.about.com.
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