In order for you to keep up with the changing times, you need to keep up with the increasing costs of living. And that means that you need to find more sources of income, because your salary alone just won’t do. The answer to your prayers just might be investment – it helps your money to steadily grow into an amount you could use on a rainy day. Not everyone has money in bulk amounts necessary for investing. You would lose out on quite a bit of growth when you try to save enough money to invest in large amounts. But that’s not the only way that one can invest. It is easy enough to invest these days with the help of systematic investment plans (SIPs). These plans help you to invest in small amounts but to do so steadily and throughout a period, without fail.You can use a systematic investment plan to invest in both equities as well as unit linked investment plans. Both of these are long-term investments, and do require you to leave money untouched for that term so that they grow to their full potential. But considering they’re long-term investments, it’s generally better to leave a bulk amount in investment and allow it to grow. You can use SIPs for the time when your investment period is less than five years. You could also use SIPs for longer term investment, too – but it isn’t always compulsory for you to use this mode of payment. If you happen to miss out on a payment for a month, it’s not a big issue. But it’s better that you make sure it won’t happen again. After all, how will your money grow if you don’t keep adding to the capital amount?The best thing about this mode is that you can start small. You can, as your income increases, increase the amount you would set aside for your investment as well. You’re saved the trouble of having to dredge up large amounts of money in a short time, when you’re allowed to invest in small but growing amounts. Keep in mind when investing in mutual funds that SIP isn’t a scheme – you shouldn’t be asked to pay more or less depending on the market. It is only a way of payment – one that helps to ease the burden of gathering large amounts of money. Where you invest the money and how you invest it, though, is entirely up to your discretion.