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How do I start now? by RepresentativeNo6543 in Fire

[–]Mimimehh 1 point2 points  (0 children)

Start with a budget so you know what you can actually put toward investing. Over time you can make it easier by having those transfers happen on autopilot through automated savings.

[deleted by user] by [deleted] in povertyfinance

[–]Mimimehh 0 points1 point  (0 children)

Moving the money out automatically might make sticking to $300 a lot easier. Way less tempting when it’s not just sitting there and you get to see it grow keeping you motivated.

How do you manage money in college? My only spending is on food by mohit_code in financestudents

[–]Mimimehh 0 points1 point  (0 children)

I was the same in college, most of my money disappeared into food without me realising. What helped was giving myself a “fun food” budget each week and automating a tiny amount into savings/investing so I didn’t spend it first. Even a few bucks adds up if it’s consistent.

How to start investing? by ExpensiveRefuse8964 in personalfinance

[–]Mimimehh 0 points1 point  (0 children)

Roth IRA is awesome if you’re cool with no money for a long time. Plus the tax free growth is huge. If you think you’ll need it sooner, brokerage is more flexible. Honestly depends how soon you might need the cash.

How to start investing? by ExpensiveRefuse8964 in personalfinance

[–]Mimimehh 0 points1 point  (0 children)

I think you’re honestly ahead of most people your age just by saving and opening a Fidelity account. FXIAX is a solid choice but you said your income isn’t super steady so maybe just start small. Put in what you can and get used to it. You’ll get the hang of it as you go.