I can never save my money,any ideas?I only need to save what i have for like a week but its burning a whole in my pocket!!
2006-10-16 16:38:50 · 13 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Does your company have direct deposit? If they do, then have your check direct deposited into 2 different accounts - 1 for savings that you do not touch and another account for your spending and any bills. If you pay yourself before you pay others you will start a nice savings account for yourself!
2006-10-16 16:48:06 · answer #1 · answered by Momof2 2 · 0⤊ 0⤋
The best thing to do is check into whether the company you work for has any kind of retirement investment plans like a 401K, because if they do you can have them take it right out of your check so that you don't even see it.
Another thing you can do is create a budget and then one of the first things you do is budget in some amount of money that you take out of either every check or every month, which you would put into a savings account. Then, once the balance of savings account got large enough you would use the money to invest in another account, where you would get a better return on your investment. You would keep the savings account open, because you would need it as a temporary holding place for your money.
2006-10-16 23:56:05 · answer #2 · answered by JSalakar 5 · 0⤊ 0⤋
Spend first several weeks to keep track of how much you spend daily. Then, you will realize where most of your money goes, and you will also be more watchful of what you spend. Try not to bring your credit or check card with you when you are out. Take out just enough for the day and do not spend more than what you carry. Make a budget plan on how much you should spend a week or a month. Put the rest into a saving account. Bottom line, you have to be super watchful of how much you spend and where.
2006-10-16 23:48:37 · answer #3 · answered by Finance Genius 2 · 0⤊ 0⤋
set up a savings account at a small bank with limited hours and get direct deposit. Put only a small amount 25-50 in there per pay period. Do not get an ATM card or any other type of access to it. I have managed to save almost $1000.
2006-10-16 23:41:56 · answer #4 · answered by Meg 5 · 0⤊ 0⤋
Open up a savings acount as soon as possible. Put the money in the savings account and with it in there, your money will grow because of interest.
2006-10-16 23:42:47 · answer #5 · answered by Eason W 5 · 0⤊ 0⤋
Make a budget, then follow it. If you want to save badly enough, you'll do it.
I've listed in Sources a great article on why you need a budget plus a page where you can download a free ebook about budgeting.
Good luck!
2006-10-16 23:43:33 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Alright dude...Listen up...Take control of your expenditures....Remember to pay yourself as if your are a bill...Aren't you...How much do you cost yourself per month???...What bills do you pay per month???...Then try to save 10% of what you make for your self. Save your money for today so that some day in the future you will use it wisely...That's the best advice I can give you dude...
2006-10-16 23:58:08 · answer #7 · answered by retsiemeop 2 · 0⤊ 0⤋
invest in your retirement or put it into mutal funds.
2006-10-16 23:42:08 · answer #8 · answered by auds 2 · 0⤊ 0⤋
Give it all to the needy.
2006-10-16 23:46:52 · answer #9 · answered by Anonymous · 0⤊ 0⤋
put it in a bank
2006-10-16 23:40:23 · answer #10 · answered by I love tiaras 1 · 0⤊ 0⤋