I spend more then what i make because i love to shop which is not good and i don't know how to save i need some help what do you think is a good idea off saving
2006-07-17 11:22:24 · 8 answers · asked by elli 2 in Business & Finance ➔ Personal Finance
Open a savings account in which you can only access by going to the bank.. IE don't open any online account access or get any cards or anything made for it. Then either have your payroll deduct a set amount from it every check. Once it gets to a 100 bucks go and open an IRA or DEDICATED savings account, you will earn more than way. If you want to take less risk wait till you have 500 and then go and put it in a CD at your bank these are safe and earn a fair price for you... if you pay yourself first then you can't spend it. Plus it is YOU they are paying so invest in YOU first, not last when everyone else is paid... also when you are doing it also set aside a small but gratifying amount that you can go and blow on what ever you want. Then do it on the off week of your checks. So if you get paid every other thurs then on the off thurs go and spend you "blow" money. If you blow it right at or around payday you will have a long stretch between checks and will be more likely to dip into your savings plan or scrap it.
But, on the other side of the coin, why not just make more?? Check out my "Honest Opportunity" 360 blog for some info on looking into opportunities to make more Money
Good luck... if you can do it for two months, or 6 paychecks you can do it indefinitely...
2006-07-17 19:49:02 · answer #1 · answered by mallicoatdd 4 · 0⤊ 0⤋
I suspect that there is an underlying reason for your shop-a-holic tendencies. Are you trying to fill your life with things or activities that make you happy because you are not being fulfilled or satisfied in other ways? I would suggest looking deep into your own life and figure out why you feel the need to shop so much. If it's just a matter of self control, get a grip on yourself. I suspect it may run deeper than that though.
2006-07-17 18:29:59 · answer #2 · answered by Mykl 3 · 0⤊ 0⤋
Set up an automatic transfer or split your direct deposit so that a small amount goes into a savings account regularly. $20 a week adds up to over a $1000 during a year.
Also, consider signing up as an American Saver. They send a quarterly newsletter with tips from other savers.
2006-07-17 18:28:19 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Save a little bit every two weeks. Write down all of your purchases and save your receipts. Don't take the tags off of anything you buy right away just in case you really didn't want it and it was an impulse buy.
2006-07-17 18:25:58 · answer #4 · answered by Chloe 4 · 0⤊ 0⤋
Sounds like you spend it as you get it. Have part of your paycheck go into a savings account you can't touch for x amount of years.
2006-07-17 18:25:49 · answer #5 · answered by Anonymous · 0⤊ 0⤋
the best advice i have is to go to a financial planner....worked for me.
It is amazing what they can do for u in a short amount of time.
You will be able to set yourself a budget, have money go into a savings account ,pay off bills and invest/ save for retirement and you will hardly notice a thing
2006-07-17 18:30:26 · answer #6 · answered by r_assman 1 · 0⤊ 0⤋
put half in a savings account and keep out the other half if you need any money out of the savings account mack sure its for an emergence's
2006-07-17 18:30:10 · answer #7 · answered by Anonymous · 0⤊ 0⤋
If you're interested in a legit, part time work at home job, let me know. It's lots of fun, but you have to be the right type of person. It's not for everyone
2006-07-17 18:51:15 · answer #8 · answered by Anonymous · 0⤊ 0⤋