What does invest every month mean?
This question and answer originally appeared at Quora.
Invest every month has two main benefits:
- It uses the principle. If you commit to putting money aside every month before you get a chance to see it (and spend it) you are less likely to miss this money and will get used to saving it each month.
- DOLLAR COST AVERAGING – Rather than trying to time the market, you continuously put aside the same amount of money each month. has already provided a good answer for this and you could also take a look at this explanation on .
How much you set aside to invest each month is dependant on your cash flow and personal goals, however as a general rule I would say that you should put aside 10% as a minimum for future financial survival, 30% if you want to be financially comfortable and 50% if you want to have financial freedom at a younger age.
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