I need help on how tot save money.?

Question

Any advices? It because I keep spending all of my pay check every week. :(

Answer 1

Too often people feel a sense of entitlement that doesn't match their real income. Don't let TV, magazines, and free spending friends lead you into buying things you don't really need.
You have to cut back expenses, and start to chose the less costly way of doing things. Instead of eating out, take a sandwich to work. Instead of buying new clothes, check out the bargains in a consignment shop.
Think of it as a "money diet." Make a game out of finding ways to cut back. Get the whole family involved.
Check out some books from the public library on getting out of debt and managing your money. The library card is free! Try titles like Overcoming Overspending or The Complete Cheapskate.
Check out some thrifty tips on the internet too:
http://www.cheapskatemonthly.com/
Find others by putting in keywords like thrifty, frugal, get out of debt, etc.
Pay off your credit cards or the interest will eat you alive.
Good luck with your effort to control the spending. It feels very comforting when you have money in reserve so every thing is not a crisis anymore.

Answer 2

Cut up yout check card / ATM card. Go to the bank when you need cash, take out some pocket money. Write checks for your bills.
Going to the bank during the day to withdraw cash is such a pain in the butt that you will find youself saying "nevermind" instead of dropping $50 on a new video game or going out to dinner.
Plus, when you actually see your cash going from your wallet to someone else's pocket, you get a much better idea of exactly how much you are spending.

Answer 3

For at least one month, track all your spending--write down where every last penny goes. Add it all up into categories, and you'll probably see places where you can spend less. Make a budget including how much you really need in each category, and only spend that much. Put the rest in a savings account. If you don't have enough money in the budget for something you want, you save up until you do.

Answer 4

There are really good suggestions on here already.

Direct deposit to a checking account, transfer 20% to a savings account each pay day. Use checking account ONLY to pay bills and for fun stuff. Increase % saved if at all possible. Don't buy stuff without thinking it over for a few days and don't eat out all the time. Depending on how old you are... look into investing, 401(k), IRAs, etc.

Good luck.

Answer 5

The best way is direct deposit, into an account that you don't have access to. That way you never have access to the money and in order to get it you have to pay a big penatly(wire transfer or drive XX miles to get it). Try a local bank in a different city.

Answer 6

We have all our income direct deposited into our ING account, which is in turn set to automatically transfer a set amount each month into our checking account.

If we blow it, we know it - because we've got to manually go in and transfer "extra" money. It works really well for us.

Answer 7

Spend less than you make. Carry cash and only allow yourself to go out with a certain amount. If you don't have it, you can't spend it.

Answer 8

If you don't need it, don't buy it.
If you do buy anything, put your change in a jar and every few month's take it to coinstar & put that money in savings, see what you have in a year.

Answer 9

Open an ING account. It earns almost 5%

Answer 10

pay yourself first sit down with a rep from primerica ask them to explain the rule of 72 or email me at [e-mail]