Finacially insecure looking to be stable?

Question

I am making decent money right now, but once I get a paycheck I can't just save the money, I have to spend it on my daughter or books.. I need to know a great website or a company or just a really great answer on how I can manage my money and learn how to save instead of spend. thanks and peace.

Answer 1

The question is are you buying stuff that you actually NEED? Keep a list, find out what you are actually spending your money on and pare down the things that were splurges. I was apalled at how much money I was spending on eating out and the ATM charges I was paying. Another good goal is to whittle down your debt. If you have credit card balances, work to pay those off. Make shopping lists and stick to your lists. Also automatic savings deductions are great. If you know that X amount of money is going to be transferred out of your checking to a savings or an investment account then you (atleast I do) adjust your spending accordingly. I also urge you to start contributing to your employers retirement plan. A little bit can add up over the years and reduces your taxable income. There is no magic bullet for becoming financially stable, the only way to do it is to save more than you spend and invest wisely. Good luck!

Answer 2

First, cut up your credit cards. Only pay cash or check. If you have a problem spending, credit cards are your worst enemy.

Two, make a budget. What do you have to spend money on? Food and shelter. Only buy clothes when you need them, not when you want them. Plan out what you will spend each month on food and shelter (shelter include the utility bills).

Three, figure out how much extra you will have each month. Then decide what you will save versus what you will use extra each month. Take underwear - you won't need it each month, but you will need it eventually. So create a small amount each month you can save for these types of things.

Lastly, whatever you save, put it in a separate account. Not the ones you pay bills, buy food, etc. with. That will keep you from being tempted to easily use it.

Answer 3

Make your own lunches, walk to work or ride public transportation or get a smaller car. If you're close enough maybe you can ride a bike or moped - very economical. Also ask the boss for a wage increase. If you're an RN maybe you could become a nursing instructor - that pays well, maybe better. If your daughter is old enough help her get a job. Install a programmable thermostat in your home. Learn to buy food ecomincally and fix healthier stuff for yourself at home. Sell your home and get a job in a lower cost of living area for the same pay. Marry a rich man and quit working. Make sure your daughter chooses wisely.

Answer 4

One thing that most people waste A LOT of money on is eating out. Even if you HATE to cook, eat in at least five nights per week and take your lunch to work.

If you eat out a lot, that alone will save you lots of money.

Start yourself a little account on ING Direct. They are paying out 4.35% right now on their orange savings and there are no minimums. They will also pull out a fixed amount of money every month if you wish. Have them take out $10 or $25 every pay day. You'll probably never miss it.

I know from your name that you may be talking about nursing school books, but if you aren't why not visit your local library? Chances are they have all the books, dvds and music you would like for little or no cost to you!

Hope this helps!

Suz

Answer 5

Well put some in Term desopit or a high rate savins accounts or plan a buget for the month

Answer 6

Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

Try this website:-

http://www.fsa.gov.uk/consumer/healthcheck/

Answer 7

you could always try to make more money.
you could try
http://www.v-w-d.com/jonboylotto

you could then spend as much as you like!