How can I start investing in early 20s?

Investment avenues for young adults

1. Post office savings schemes. The post office is a trusted place to park your money.
2. Public Provident Fund.
3. Liquid Funds.
4. Recurring Deposits.
5. Systematic Investment Plans (SIPs)
6. Debt Funds.
7. Life Insurance.
8. Not budgeting it out.

How can I save money investing wisely?

Here are some important investment options that you can consider to grow your money wisely:

1. Liquid Funds: As the name itself suggests, a liquid fund is a flexible investment option with no lock-in, no entry or exit loads.
2. Fixed Deposit: Fixed deposits are very safe however the minus point is that it has low growth.

How to invest 15\% of your income every month?

Consistently investing 15\% of your income every single month will grow your wealth in a huge way. Have the money automatically deducted from your paycheck and deposited straight to your investment accounts. Automatic deposit into investment accounts is absolutely the best way to have discipline when it comes to saving and investing.

What is the best way to invest money wisely?

One of the most widespread answers on how to invest money wisely is bonds. Many of us may have seen the old propaganda posters, particularly in movies, of “Buy War Bonds.”. However, bonds are actually a real and modern financial instrument that investors can use and is one of the many different ways to invest money.

How can I make saving and investing easier?

If you are struggling along the path to financial freedom, there are ways to make saving and investing easier. Try making a game out of finding ways to spend $100 less each month. You can walk home rather than take the bus. Or order water instead of tea or coffee.

How much money should you have when you start saving?

The younger you are when you start saving, the longer you have to make your money grow. Let’s say you were smart enough to start saving in college and invest with just $100 and contribute $200 each month.