2006-11-08 10:56:56 · 9 answers · asked by ~Can't Live Without You~ 2 in Business & Finance ➔ Personal Finance
The thing that turned the corner for me from being broke all the time, to saving, was realizing that the little stuff really adds up.
I used to think "if I only had more money, then I'll be able to save", and wouldn't save anything unless I had an "extra" $200 or so.
But saving a dollar here, a dollar there, really adds up, and now I have about $40,000 saved up.
Another good habit I got into;
No impulse buying. If I see something I just "have" to have, I don't get it. I figure if I really need it, I'll make a special trip on another day.
Guess what? About 90% of the time, I realize I really didn't need it.
2006-11-08 11:09:42 · answer #1 · answered by dork 7 · 0⤊ 0⤋
For me, every time I get a raise I calculate the percentage to go towards my 401k, or IRA. That way I'm still living off of what I was and it doesn't feel any different to me, but the money really ads up fast. Also, with those types of accounts you can't get it out unless it is a specific type of emergency. Anyway, that's what finally worked for me after years of not saving a dime.
2006-11-08 19:02:50 · answer #2 · answered by karen W 4 · 0⤊ 0⤋
Start to work online and dont ever touch that extra cash, what you are making in your spare time. To work online, I would like to share a link where you can make $600 in a month working at home. The work need to be done is posting a discussion and answering a discussion. the link is:
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2006-11-09 07:19:21 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Pay your self first is the best advice.Take 10% of your net pay & put it in a mutual fund & watch it grow.Compounding interest will do good over time.Good Luck
2006-11-08 19:34:52 · answer #4 · answered by hdf69 5 · 0⤊ 0⤋
Figure out what you need to live on, learn to live with less, bank the rest and never touch what you bank.
I do this and it DOES work
2006-11-08 19:04:29 · answer #5 · answered by ? 4 · 0⤊ 0⤋
Always pay yourself first. Read the Automatic Millionaire. It has sensible advice.
2006-11-08 18:58:49 · answer #6 · answered by judirose2001 5 · 0⤊ 0⤋
piggy bank
2006-11-08 19:03:42 · answer #7 · answered by . 7 · 0⤊ 0⤋
by buying bonds.
2006-11-08 18:59:18 · answer #8 · answered by Lili Pandele 1 · 0⤊ 0⤋
Don't spend it
2006-11-08 18:59:10 · answer #9 · answered by Bill 6 · 0⤊ 1⤋