What are your best money saving tips?

Answer 1

The best tip I have is to look for used items. You can find the best stuff at garage sales. My teenaged daughter goes with me, and she finds the coolest stuff. And she's cute and has many friends. She's just proud that she's made good buys and tells everyone, "Look at this skirt...I just got it last Saturday at a garage sale for 25 cents." I'm so proud of her for not being embarrassed. We have the greatest times going to garage sales, and now she has some of her friends joining us. They had been going to the mall, spending 50-100 dollars on a weekend (or more) and she would come home with nice jeans for $1, several tops for 50 cents each and some shoes. It doesn't happen every time. Some weeks are pitiful and you just see junk, but if you go regularly, you find the BEST stuff.
My whole house is "used" stuff, (nearly), and we just had a neighborhood party over here and everyone thought my house looked great!

AND....because of garage sales, we've been able to pay off our house, and don't have to make any house payments any more. All because we started saving when we first got married and bought used drapes and couches and tables, and went without rugs for a few years. All this time our money was doubling and doubling again and when we decided to buy a house, we were able to pay it off in 7 years.

Answer 2

In addition to the other comments. look at your monthly debts. In particular the amount of money you pay each month in finance charges and interest charges. If you have several payments each month, go into attack mode to get rid of the interest. Because you pay more in interest than you save in a typical savings account.

So, figure out the minimum payments on each bill. Pay additional money, like triple the minimum payment on the high interest bill, or pay off the smallest debt owed. Then when you get that bill paid off, put the money you paid on that bill onto the next bill (including the minimum payment). You will ultimately pay those bills off.

ALso, find out if you can set up an IRA or some other sort of investment. The trick to saving for retirement is to start saving early and let it compound.

Answer 3

Check out the free newsletter from better budgeting. I've gotten lots of good ideas. Your local library has various books on savings money tips and using the library is the best money saving tip I can offer.

Answer 4

The three things that work wonders for me:

1). Write down everything you spend in a week. It helps you to figure out what's necessary and what's not.

2). Take your lunch to work. Eating out everyday can turn into a very expensive habit.

3). Think about what you spend in terms of how long it took you to make that money. If you make $10 an hour, and you see a pair of shoes that cost $60 in a store, you remind yourself that those shoes are going to cost you almost a full work day to pay for them. It really puts things into perspective and helps you from impulse-buying items that you don't really need.

Answer 5

properly, the reception is the biggest fee of a marriage.. Have an until now, think of early afternoon (2:00), Saturday wedding ceremony at a appealing park or botanical backyard. That way there are already quite some flower & spectacular ecosystem! on the reception no one will elect heavy nutrition or drink plenty at that ingredient to the day so serve horsdevores and basically a unmarried signature cocktail or only champagne & sodas. you won't be in a position to scratch the dj and settle on on a string trio which might ought to much less, fantastically this early in the day. it may be very stylish option!

Answer 6

Stay home at least 3 days per week. I find that everytime I go out I spend money but if I stay in and not move my car I save. I also save all my change.

Answer 7

Auto deduct from your paycheck into your 401K. You'll never miss the money, you'll save on taxes, and it's a good start for saving for retirement.

Answer 8

Pay yourself first. Get an account at ING direct, or some institution that pays interest and doest charge service fees, and do automatic deposits of 10% of your paycheque. You'll never notice it's missing, and it'll add up pretty quickly

Answer 9

I have money taken out of my paycheck automatically and put into a savings account.

Answer 10

the best way to budget your household income is to run it like a 'business'. never spend unnecessarily