You have budgeted and identified an amount to save monthly.
Where are you going to put your savings?
Investing is putting the money you save to work, increasing your wealth. An investment is anything you acquire for future income or benefit. Investments increase by generating income (interest or dividends) or by growing (appreciating) in value. Income earned from your investments and any appreciation in the value of your investments increase your wealth.
There is an art to choosing ways to invest your savings. Good investments will make money; bad investments will cost money.
Do your homework. Gather as much information as you can. Seek advice from licensed or registered advisers. States require licensing or registration for brokers, investment advisers and insurance salespeople, so check with your state securities regulator before trusting any investment adviser.
Also, check out the Wealth-Building Resource Guide for helpful sites.