Videos | December 14, 2012

When to start investing

You’re on a decent salary, you’ve come by a bit of extra cash. It’s time to start investing, right? It might not be that simple.

Check the basics
Before investing, do a stocktake of your money situation. Do you have a basic budget and know that your living expenses are covered month-to-month? Have you allowed for a few unexpected, expensive surprises with an emergency fund? Have you paid off high interest debts?

We love pay day
Unless you’re already wealthy your greatest asset is probably your pay packet.
As this video for ING’s Be Good at Money campaign says: “Saving a bigger proportion of it than you already do might not sound exciting but establishing a savings habit is almost certainly a faster and surer way to build wealth than any investment.”

InvestingBudgetSharesGoal settingBondsEmergency savings

eZonomics team
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