“Money is one of the most important subjects of your entire life. Some of life's greatest enjoyments and most of life's greatest disappointments stem from your decisions about money. Whether you experience great peace of mind or constant anxiety will depend on getting your finances under control.?-Robert G Allen

The average individual struggles each month to pay their bills and cover all their expenses. If you are one of these people, you might be asking yourself “I would love to invest but where will I get the money??/p>

A great place to start is by reducing your debt. You may not realize it but you may be spending more than you earn. Doing so is putting you in a financial crunch and your money is literally floating away. Most people do not even want to think about totaling up their credit card purchases and only pay minimum payments.

It is important to remember that credit card companies charge compound interest which means that you are paying not just for your original purchase but any interest that has accumulated on that original purchase. If you are looking for money to invest with, you need to make a list of your monthly expenses, debts, and income.

Divide your expenses into fixed, variable, and luxury. If you want to reduce your debt, you need to make a clear distinction between what is a want and what is a need. It seems like common sense, but people often forget that new cars and new shoes are not investments. While they may make you feel good in the moment and give the illusion of wealth, it is not reality.

The next step is tomake a list of your credit card bills. At the top of the list put the credit card that has the highest interest rate. This is the card you will start to pay down your debt on. Each month any extra money you have needs to go to paying off that bill. Once that bill is completely gone then take the money you were paying toward that credit card and place that money into a savings account for six months.

For the next six months start on your next credit card bill and repeat the process until your debt is reduced. You do not need a ton of money to start investing. Put away a little cash every month into a money market account. In a year you, will be surprised how much you have saved. With as little as $100 you can invest in the stock market, and with just $1000 you can invest in a mutual fund. Investing is not beyond your reach. All it takes is a bit of planning and self control.