How to overcome the inertia in investing

economictimes.indiatimes.com:

Raghav has read about the need to start investing early and is concerned about his inability to do so yet. He is 35 years old and has been married for three years. He has reached middle management level at his job and earns well. However, he is not able to save at all. The couple enjoys frequent outings, shopping and holidays, which leaves little for savings. While Raghav has every intention of saving and investing a portion of his income, he finds that there is either very little left at the end of the month or the money lies idle in his savings account. He likes the thought of having to make a financial plan, but is unable to take the decisions to put it into action. He finds reasons to avoid doing so. What can Raghav do to overcome the problem that he is facing?

Inertia in taking investment decisions is a common problem faced by many people despite the right intentions.

While some people postpone saving and investment decisions for valid reasons, such as low income and important commitments, others like Raghav struggle to do so for no apparent reason. For such people, the best way to ensure that a portion of their income is put to good use is to automate their savings. This does not require them to take frequent decisions about where and how much to invest.

There are various ways in which Raghav can put his saving and investment exercise on auto mode. He can do so till he is willing to give it the time and attention it requires. He can use the salary deduction option with his employer, wherein a fixed amount can be deducted from his salary for an additional Provident Fund contribution, insurance premium, or mutual fund investment.