Hi everyone,
I am such a new Mustachian that you can barely see my stubble, but I am thoroughly thrilled to have found this blog.
Although I am embarrassed to admit it, I have only recently begun to save money and I am in my fifties, but at least I have started.
I would like to know if anyone knows where I can begin to invest small amounts of money? I took a look at Lending Club, but I believe they require a few thousand to start. Because I am just beginning to save, I am now putting most of my cash aside for a cushion in case of an emergency. But I would like to take as little as $100 dollars each month and begin to invest it.
Because I am so woefully under-educated about investing, I am learning something each day about finances, investing and how to handle money, and this blog has been an excellent source of information.
With my new (only during the last week) exposure to this blog, I have taken a close look at my budget and realized that I could save almost $400 a month in stopping incidental spending, i.e. no more buying snacks and sandwiches at work, no lattes, no restaurants, no pre-prepared foods, and the best news, is that I am cutting off my cable, which will give me an extra $90. I'd love to take that cable savings and invest it somewhere, and would like to average the 7% interest mention on MMM's blog.
Any ideas?
Thanking you in advance for whatever guidance you can give,
Miss Scribbles