People have lots of reasons to put off saving and investing. “I have plenty of time to start saving,” or, “I have other things to put my money toward.” However, one of the most common reasons people put off investing is the lack of available funds on hand. Or, should we say, the perceivedlack of funds on hand.

No matter how much money is in your checking account, you can always be investing for your future. Small amounts can make a massive difference when you look 20 or 30 years down the road.

Average Investing Over Time for Best Results

Even if you are not an experienced investor you may have heard the saying, “Time in the market beats timing the market.” This essentially refers to dollar cost averaging.

Dollar cost averaging is an investment term that essentially means investing smaller amounts regularly over time to average the cost of your investments. This is especially important for young investors who will see many ups and downs in the markets before retirement.

Most people cannot time the bottom of the market perfectly. This makes dollar cost averaging a great strategy to minimize total investment cost. Even if you only have a little bit of money to contribute, doing so regularly and spreading your investments over time is better than  investing larger amounts all at once.

Build Good Investment Habits

Just like eating right or going to gym, regular investing is a habit most people need to develop. A lot goes into building good habits,like making a specific commitment, starting with small steps, and celebrating success. Investing small amounts of money on a regular basis may not seem like a big deal right now, but it will definitely be a big deal when you see your growing investment portfolio.

Don’t Forget Other Financial Goals

Of course, investing should never take your focus away from other important financial goals like paying down high interest debt. This is why starting with small investment contributions can be a great way to maintain existing goals while still building for your future.

As you invest small amounts, focus on tackling high interest debt like credit card balances. Over time, you will see that your credit card balances decrease as your savings increase. Once you have paid off your debt, you can begin investing more money and enjoy the rush of watching your savings grow even faster.

Start Small, Make a Big Difference

Do you have a goal? Ready to start saving but not sure how to start? Evati allows investors to start small and grow their savings as they pursue big life goals. Start investing for as little as $1 per month, create good habits, and watch your savings grow.