Investing is one of the most effective ways to grow your wealth. Unfortunately, if you’re a busy parent living paycheck to paycheck, managing your wealth through investing can seem almost impossible. While it’s certainly true that investing can be difficult when you don’t have a lot of discretionary income, it is possible. By choosing the right investments, you may be able to put yourself on the path to financial security. Here are a few simple ways to make investing part of your financial planning that every busy parent should consider.

Choose Smaller Investments

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If you want to start investing as part of your financial plan but you don’t have a lot of money to work with, one of the best things that you can do is to start out with small investments. Penny stocks, for example, are a great way to get started investing, and they may pay big dividends if you have the right strategy.

Another good idea is to sign up with a micro-investing platform. With one of these platforms, you can start investing with just a small amount of money, sometimes $20 or less. There are even platforms that round up to the next dollar for every debit or credit card transaction you make and put that money toward your investment plan.

Take Advantage of an Employer Retirement Plan

If your employer offers a retirement plan such as a 401(k), enrolling in this plan is another way that you can use investing to strengthen your financial plan. Taking a small amount of each paycheck and putting it into your 401(k) is a great way to start building your financial future, particularly if you’re young and your employer will match your contributions. Every time you get a raise, increase the amount of money you put into your plan.

Invest in Treasury Securities

When you first start investing, it’s likely that you want to choose a safe investment that won’t lose money, which is exactly what you’ll get by investing in Treasury securities. Although they don’t deliver a high interest rate, Treasury securities can help you earn some return on your investment, and they are generally very affordable.

According to Millennial Money, purchasing fixed-rate bonds is usually the best choice, as you won’t have to worry about losing your money when interest rates fall. With a fixed-rate bond, you can also choose when your bonds mature. If you’re looking for a short-term investment, you can choose a bond that matures within 30 days. For a longer investment, you can buy a 30-year bond.

Putting Your Money Into Commodities

For new investors, putting money into commodities can also be a good decision. Commodities include items such as agricultural and energy products. Your goal when investing should be choosing a commodity that you believe will be in high demand. Investing in commodities does take a little bit of research, but it can be very rewarding if done correctly. Investment is an important part of any financial plan and getting started is a lot easier than you might think, even if you have a busy lifestyle. Choose a few of these investment strategies, and you may be well on your way to a financially secure future