There's more to a bargain stock than just a low price.

$8,000.

That's what the typical American has in the bank, according to the Federal Reserve . Most people need to use the money in their bank accounts to cover everyday expenses. However, some people, particularly those with more than $8,000 in the bank, may be able to invest a portion of their savings as a way to grow their money.

Let's examine two stocks that investors on a budget may want to consider.

AT&T

First, there's AT&T ( T -1.12% ) .

The telecommunications giant fits the bill as a bargain stock for several reasons. Let's start with the most obvious: Its stock recently cost less than $30 -- meaning most investors can afford to own a decent number of AT&T shares.

However, it's not just AT&T's low stock pric

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