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Every Little Bit Counts



Picture showing a pile of U.S. pennies

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One of the most common excuses for not investing is saying “I only have (insert amount of money) to invest. Whether you have $5 extra per month or $100 per month, every little bit counts, and over time, can add up to a lot of money.

Consider this example: You only have an extra $20 per week after all of your bills are paid. That $20 per week turns into $1,040 per year, which turns into $31,200, not including interest, in 30 years. If you begin at zero and invest $80 per month for 30 years at a 6% interest rate, at the end of 30 years, you’ll have over $80,000. Not too shabby for saving just $20 per week.

Go through your list of bills and subscription’s. Yes, I’m talking about everything from Netflix and Hulu to print magazines and Amazon Prime. See which subscriptions you absolutely can’t live without and cancel the ones that you rarely use. In my case, I cancelled a few digital-only news subscriptions and my side hustle gave me access to their account for another, saving me over $300 for the year. Again, that may not sound like a lot, but it will add up. Just give it time.

Joey Amato is the publisher of Frugayity, a personal finance advice website geared towards helping the LGBTQ community live a more frugal life and save for the future. Amato has been in LGBTQ media for over a decade, having published his own lifestyle magazine UNITE in Nashville and Indianapolis. He is also the publisher of Pride Journeys, a syndicated LGBTQ travel column and website. For more information, visit

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january 2022