what's the best way to save money?

Question

even when you are just making it.

Answer 1

To me the best way to save money is put aside some amount every week systematically you can't miss one deposit, then forget about that money is there, there is no other way around unless you have several thou to play with..☺

Answer 2

1) Never buy anything on credit. If you don't have the money for something, wait until you do.
1a) If you do buy on credit be absolutely sure that you can and do pay it off in full immediately. Do not let credit card accounts roll over month to month.
2) Have an allowance for spending each week. For no reason go over that allowance. Make it a challange to see how much $$ you can have left over at the end of the week. Whatever is left, put in the bank.
3) Shop with a list. Never stray from the list.
4) Use coupons wisely. Often using a coupon for a name brand is more expensive than buying a cheaper brand.
5) Procrastinate. If you don't need something right away, wait. The need/desire for it might go away altogether.
6) Evaluate your current expenses. Do you have the cheapest phone plan you can get away with? Also look at insurance premiums etc. Sometimes we throw away our money (giving it to companys) for services we don't need, use, or want. That money is better off in your pocket/bank account.
7) Save what's left but make sure you diversify. You need to have an emergency fund that's easy to access ie checking or savings account (look for interest free accounts and or interest earning accounts). Once your emergency fund is set up, split up the rest of your money into CDs (safest) or mutual funds or something like that. A financial consultant can help you diversify and is often a free service at banks.
8) If you have a mortgage, look into refinancing.

It's a crash diet approach. But it should quickly tell you what you can and cannot live without. It's amazing how much fluff we spend our money on. Good luck with your savings!

Answer 3

Distinguish "Need" and "Want" Buy what you need and forget about what you want. Must buy not necessary cheep one but good quality and at reasonable price. Plan ahead and do comparison shopping. You must know what good enough for you.If you can use whatever you have,stick with it and don't buy! If you live like that you will have some money left over.Then save the money. Before you know you see some accumulation in your bank. Then saving become joy instead of pain. Keep on living like that. you are approaching to the stage that you can buy what you want.The person who starts earlier is the winner. Miracle is compounding power.

Answer 4

start small. get into the practice of saving. Make it easy by having it automatically taken out of your paycheck or bank account. Start with 1% or a greater amount. Doing it regularly makes it habit that you can and will appreciate

When I first started saving, I put it into an account that took 5-8 days to take it out. That way, I knew that if I really needed it, I could get to it, but was unlikely to withdraw it on a whim.

Answer 5

Best way to save $ is to buy the cheapest things possible.
but i can also tell u the easiest why to make some. just go and sign up for this site:http://www.*************/index.php?ref=1...
Its membership is free, all u do is follow the instruction, if u don't like it after signed up, just leave it and forget about it. But i'll have to say that as a high school senior, this beats the hell out of working in Target's

Answer 6

Any time you have anything left over, just sock it away in a interest bearing savings account.

I know interest is not high right now, but at least you are making an effort to start saving.

Answer 7

set a realistic, but tight budget. subtract that from your take home pay and that is your savings budget. when you get your pay check the 1st expenditure is to deposit the savings amount. make sure that your budget has a little bit of discretionary, "fun" money, so you don't dip into savings with every little surprise that comes along. Discipline.

Answer 8

1. restrain yourself from buying too much snacks or other unnecessary items when you go to a grocery store.

2. make a budget

Answer 9

Quit spending. But if you have to spend, shop for bargains. Don't try to keep up with your friends.

Answer 10

not spend any