How do I invest if I have no money? Step 2 of the investing process

You start by making a budget so you can understand what you save every month.

See my beginning budget post here Budget with Excel

In that example the person saves 203 dollars every month.

Now that we know whats available to us lets talk about where to put the excess.

I think that you should always add a little to your savings because you have to be ready for expenses that you weren't prepared for.  Of the 200 put 50 towards savings and over time try to get your savings to equal 6 months of living expenses.  This way if you lose your job or fall on hard times you have something to help you through.  

Next I would add a little extra to credit card debt or school loans.  Which ever has the highest interest rate and pay that down so you can reduce the time you are in debt for.  Let's say we put 53 towards that column.

Credit Card tips

Now we are left with 100 to go to investments.  Depending on where you are with your investments you should disperse this amount evenly among your holdings.  For example if you own 5 stocks put $20 towards each holding.  If you are just starting maybe you want to put the whole 100 towards your initial investment in each holding.  That's up to you especially depending on the price per share of whatever it is you are buying.  What to buy will be in another post and I can't tell you what will be good for you so take my ideas, thoughts, and opinions to help you research what will be best for your situation.