If you’re on the hunt for ways to boost that bank account of yours, you’re in luck. Now you don’t have to worry about racking up the extra hours at work and can instead make your money start working for you. Let’s take a look at a few ways you can start investing today.

Start with your savings

Before you begin your investment journey, you may want to take a glance at your savings account, as it can be a good indication of whether you’re ready to try your hand at the stock market or explore other investment opportunities.

When you’re looking at your current savings and checking account balances, you should confirm that you have enough money to cover your current living expenses and gauge how much you’ve been able to save thus far. If you struggle to keep up with your basic expenses on your present income, you might want to consider other approaches to help you bolster your budget before investing scarce funds.

Here are a few ways to grow your savings (and potential investment funds):

  • Stop going out to eat
  • Get a second job or side hustle
  • Find a place with lower rent
  • Cancel your extra subscriptions

Once you reach a comfortable place with your finances, you can feel more confident to begin investing!

Investment apps

The stock market can seem intimidating at first glance. There are complicated charts, fluctuating numbers, and countless terms of financial jargon to keep up with—it’s really enough to make your head spin. But using an investment app is an easy way to navigate the stock market when you’re just getting started.

Most investment apps come with automated features so you can adjust your preferences as needed without having to call a broker each time you want to buy or sell your stocks.

Here are a few of the most popular investment apps you can get started with:

  • Acorns
  • Robinhood
  • Betterment
  • Wealthbase

Certificates of Deposit (CDs)

If investing isn’t really your thing, you might consider saving money in a CD account instead. A CD or certificate of deposit is a type of time deposit where an individual agrees to save their money in an account for a specified period of time. As the money lives within the account, it accrues interest that raises the account balance over time. CDs are generally a good option for those wanting to save up money for their kid’s college or for other future investments.

Note: While you may be able to withdraw your money early from a CD, you might have to pay a penalty fee to do so. Keep this in mind when making investment decisions.

Sign up for a retirement plan

Another great way to start investing your money is through a retirement plan. Many employers have sponsored 401k plans that match your contributions by a certain percentage. It’s essentially free money—and better yet, you’re investing in yourself!

Even if your work doesn’t offer a matched retirement plan, it’s a good idea to start investing in your retirement as soon as possible through independent accounts. Why? For one, you can claim a tax deduction for certain types of retirement contributions. And secondly, through a retirement plan, you can start preparing for your financial future after your 9-5 days are over.


By adopting one or more of these investment strategies, you can start boosting your bank account today. Use this post as a guide to help you find the kind of investment that makes the most sense for your finances and your lifestyle.