Here’s How to Start Investing with a Little Bit of Money

Written by Morgan Shaw

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Are you wanting to invest but don’t know where to start?

Regional Management Corp. and its affiliates do not provide tax, legal, or accounting advice. This material is for informational purposes only. You should consult with your own tax or legal advisors before making any financial decisions.

When it comes to investing, pocket change and spare dollars can often make a difference, but if you’re nervous to begin, or just don’t know how then this article may be for you. Check out these investment tips for beginners and start investing today!

Notebook that reads “2023” on one page and on another page a checklist for “goal”, “plan”, and “action” on top of a desk with office supplies.

1. Outline Your Investment Goals

An essential first step is to figure out why you’re investing in the first place. Building an emergency fund requires a different approach than planning for retirement or setting investment goals. Consulting with a financial advisor is an important first step in determining what your goals are and how to achieve them. Savings options like high-yield savings accounts and Certificates of Deposit (CDs) may have lower rates of return, but they can be considered less risky than traditional investment options. However, if you have a longer investment timeline, these options may be worth consideration per the guidance of your financial advisor.


2. Invest Your Spare Change

A great way to start investing without taking much risk is with the spare change approach. With this method, you are able to take your spare change and set it aside from your everyday spending. Historically, this may have looked like a coin jar or a piggybank, but today digital options exist via third-party applications for this purpose. Some of these apps may also have the option to invest the money you set aside.

Person holding up cell phone while viewing stocks with a computer open on top of a desk also viewing stocks.

3. Consider Employer’s Retirement Options

Another easy way to “set it and forget it” is to participate in your employer’s retirement plan. This is typically set up as a payroll deduction. These plans allow you to allocate a percentage of your paycheck to a 401(k), which can prove beneficial for people who might otherwise have trouble saving by traditional means.

Additionally, many employers offer a matching contribution option and may match your contribution up to a certain percentage. If your employer offers matching contributions, it may be something to consider.


Investing strategies are unique to the individual and it’s important to consult a financial investment advisor before making any impactful decisions. These professionals can help you assess your finances and outline your goals, bringing you closer to your financial goals, whatever they may be.



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