I need tips on how to save up some money.Plz help me save up! I don't need it fast or anything but i do need tips! =)
2006-08-13 13:09:08 · 11 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
For every dollar u earned, set aside at least $0.60, under no circumstances can u touched that money unless it's a life and death situation. Whatever u need to spend on will be highly restrictive, put this $0.60 into the bank, choose those products that enables u to deposit a fixed amount of money every week or month, the interest will be much higher. Supposingly, you earned about $30,000 a year, your savings will be $18,000. Put into the bank with an interest averaging 4%pa under the non-regular savings plan I told u, u will have $18,720 in one year, the amount in 10 years without compounding will be $187,200. With compounding, the amount will be very much more than this. So, if you are discipline enough, hey, maybe you can have half a million in 10 years, without taking risk in investments. :)
2006-08-13 17:33:01 · answer #1 · answered by firefly 5 · 0⤊ 0⤋
If U are a working adult :
1. Open a Save-As-You-Earn a/c with DBS.
More info. : http://www.dbs.com/posb/saye/
2. Take up a saving insurance.
If U are a student :
1. Put some money away everyday (e.g. $1/$2, etc.) whatever U are comfortable.
2. Can put more if you have more allowance for the day/month.
3. Plan what U are given for a day/month.
4. Need to play some discipline on this.
2006-08-13 20:49:52 · answer #2 · answered by *n*g* 2 · 0⤊ 0⤋
Save Online Try The Online Savings Account
By: Robert Thatcher
read this article and then look at the associated ad links for the best interest rate. I use Ing Bank it is pretty easy to link it with my regular bank. Although I've thought about HSBC too...
Good Luck!
2006-08-13 20:20:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Try the rule of five. Don't spend anything under a five. At the end of the day put the ones and change in a jar. It adds up fast.
2006-08-13 20:12:51 · answer #4 · answered by mad_mav70 6 · 0⤊ 0⤋
Don't carry credit cards. Buy only what you NEED not want. Pack your lunch. Eat at home. All those pennies add up. If you smoke, quit. That will save a lot of money.
2006-08-13 20:17:48 · answer #5 · answered by karen wonderful 6 · 0⤊ 0⤋
well first open a saving account, then join this website and start making some money to put in there, its easy just fill out surveys and and join websites make poems and the pay you for it, then every month get a check and put it in your savings account hers the site join and read the faq it will explain so many things that will get you bathing in cash after a period of time
http://www.*************/index.php?ref=75839
2006-08-13 20:18:29 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Get a savings account and put money in, but don't take any out.
2006-08-13 20:12:43 · answer #7 · answered by fem40_98 4 · 0⤊ 0⤋
every paycheck save at least 10 bucks and put somewhere where you cant use it . give it to somebody you trust to save it for you believe me it works.
2006-08-13 20:33:16 · answer #8 · answered by latinmom28 2 · 0⤊ 0⤋
Put it in the bank and don't take it out. If you have it accessible it is very easy to spend.
2006-08-13 20:14:56 · answer #9 · answered by therego2 5 · 0⤊ 0⤋
Put two dollars in a jar every day.
2006-08-13 20:11:57 · answer #10 · answered by Holly 2 · 0⤊ 0⤋