The Basics of Investing
Part of financial literacy is learning about the basics of investing. Once you have control of your expenses and can spend less than you make, what do you do with that unspent money? Well, the next step is to make sure the money you don’t spend is working for you. Watch this short video to learn how to get started.
The UF/IFAS Extension offers a variety of handouts for additional information about some of the tools mentioned in the video. Check them out by clicking the links below:
https://edis.ifas.ufl.edu/fy1483 Major Asset Classes: A Brief Glossary (Stocks, Bonds, Cash)
https://edis.ifas.ufl.edu/fy1351 Mutual Funds
https://edis.ifas.ufl.edu/he158 Money and Marriage: Saving for Future Use
For those already contributing to retirement accounts who may be facing a financial hardship will find helpful information here: https://edis.ifas.ufl.edu/fy1109 Managing in Tough Times: Job Loss and Retirement Plans
They say the best day to plant a tree was 20 years ago, but the second best day to plant a tree is today. The same applies to your financial future. It is not too late start planning. Learn the basics of investing so you can choose and use the tools that are right for you.