How do you save money when your income is very low?

Answer 1

Write yourself a budget. Don't waste money on gas driving to much. Shop online at store with free shipping, and use coupons... http://www.007coupons.com

Answer 2

The book "The Richest Man in Babylon" solves that predicament. One of the quotes from the book is "I found the road to wealth when I decided that a part of all I earned was mine to keep." If every pay check you take out 10% and set it aside, either in a savings account to collect interest or a jar, and just leave it, you'll be surprised at how much you really have. Keep doing that for a year, and make that money work for you by putting it in a CD or a high interest savings account. The key is not to touch it. Make yourself live w/out that 10%, and if you try to forget you have that money at all, it won't be hard. Teach yourself to live on 90% of what you earn.

Answer 3

You can't. This idea that everyone should be able to save is a Republican fantasy. Poverty is reality, and a growing reality in this nation. As prices increase faster than wages, more and more of us are slipping into poverty, making concessions and doing without just to keep our heads above water. That is reality.
Do the best you can. Try to get a better job. Hope like Hell that the GOP gets voted out of power come November.
It's a slim hope, but it's all you've got. So remember to vote.

Answer 4

I read once that you should train yourself to save one fifth of what ever you earn. So the sooner you start the better for your bank balance. When you earn little you have to stick to a strict budget so when you one day may earn bigger you will have learnt to budget well and not waste money. Every little cent adds up and it is surprising just how fast it can grow if you follow the one fifth saving! Good Luck!

Answer 5

Tooons of ways. Combine trips, eat sandwiches with good bread instead of big meals, exercise by walking instead of a gym, get a roommate, read books from the library, buy in bulk, instant message instead of calling in prime time, have no drive days, change insurance, direct deposit, rent videos for the family instead of real movies, 99 cent menu at Mcdonalds, free checking at Washington Mutual, and look at ways of increasing your income.

Answer 6

I wouldn't sign up for that class!

Why waste valuable time mulling over a topic that won't help, get moving toward making more money and eliminate the problem.

Let me know if I can help

Answer 7

Honestly I would focus on living as cheap as you can and save what you can, but get the idea out of your head that you can save your way to prosperity.

You need to live below your means, but the way to get ahead is learn how to make more money. MAKE MORE $$

Answer 8

cut down on any bad habits u may have such as tobbacco,drugs,liqour,and so on also save as much gas as u can if yer not going to work dont even start yer car up also sell all yer stuff on ebay and let yer money set in paypal at 5.02%interest

Answer 9

Do what my mom does, she looks at her bills then she subtracts that from her pay, then she decides what amount she put it and she won't touch it we eat what we have even if it's peanut butter sandwiches for lunch and dinner, breakfast is oatmeal it's cheaper then cereal and even though you may belive your suffering when you look at your bank account you should be proud of your self.

Answer 10

Depends what is your target. You can start by indentifying where most your monies go to and cut some unnecessary expenses. If you have a little to spare, invest in unit trust on a regular basis.