How to get started saving with small amounts

  Most mutual funds have minimum initial investments of at least $2,000. How do we get started investing when we don't have much money to start with? I started by saving $50 a month until I reached the initial minimum investment. A second option would be to open an IRA at a local bank and have deposits automated from a checking account. If you have access to a 401K plan through your employer, sign up as soon as you're eligible. These plans usually allow contributions as a percentage amount, not dollars. The point is to get started somehow and as soon as possible. The sooner we get some kind of savings plan in place, the faster our savings can start growing. Finwiz.