I am quite friviolous when it comes to my savings, but now that I have a summer job that is potentially able to begin a decent savings account, I'm afraid that I'll be wasteful and squander my savings. Is anyone else tempted to buy things just to buy? I'm heading to Mexico in January and have to save to pay for the trip. What are some methods to avoid spending fruitlessly??
2006-06-22 02:57:06 · 4 answers · asked by Kate S 1 in Business & Finance ➔ Personal Finance
Open a saving account and get an adult to sign on with you. It can be set up so that you need two signatures to get your money. Also don't get a debit card or checks for that account. That way you have to go to the bank to get it. Maybe on the trip to the bank, you will have a chance to rethink your purchase. Another way is to set a rule not to make any purchase over say $20.00 until you have "slept on it" if you still really want it the next day, wait one more day. Then decide if you really want it. Hope this helps. Have fun in Mexico.
2006-06-22 03:05:22 · answer #1 · answered by N2theFaith 2 · 4⤊ 0⤋
N2thefaith has the right idea.
Figure out your expenses for the week and deposit the rest in the bank account.
Don't go to the mall to look around at all the neat stuff you don't need.
Think of it this way. The money you put in the bank is buying you a big pile of cash. What could be better than that?
2006-06-22 03:33:12 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Get away from society! That's where all the temptation comes from.
Better, and unfortunately harder solution would be to learn to resist the temptation.
2006-06-22 03:00:55 · answer #3 · answered by xenobyte72 5 · 0⤊ 0⤋
Work more so you don't have time to spend the money. You also make more money in the process. Win, win.
2006-06-22 03:12:03 · answer #4 · answered by stanza_chad 2 · 1⤊ 0⤋