Introduction to Automatic Savings and Investment Plans

(1 of 7)

Learn how automatic savings and investment plans build wealth over time and which investments can be suitable for these plans.

What you will learn

  • What Are Automatic Savings and Investment Plans?
  • Why Should You Set Up an Automatic Savings or Investment Plan?
  • How to Set Up an Automatic Savings or Investment Program
  • What Investments Are Suited for Automatic Savings and Investment Plans?
  • Using Automatic Investment Programs to Help Build Your Retirement

What do you know?

Introduction to Automatic Savings and Investment Plans

Do you often wonder at the end of every month where your money went? Do you wish you could stash away some money so you weren’t caught short every month? It’s not an uncommon situation. Savings usually takes a back seat to paying current bills and meeting expenses, but at that point, we’re generally financially tapped out. But some people have found that they can build up savings by setting up an automatic savings plan that does this work for them before their paychecks are spent elsewhere.

Let’s look at automatic savings and investment plans in more detail: what they are, how they work, how to set them up, and what investments are most suitable for them. With a little preliminary work, you can build wealth more quickly and easily by setting up automatic payment plans.