What advise could I give to someone who spend more money?

Question

What is the good way to save money?

Answer 1

always pay your self first (save) 10% of a paycheck is a good start.

Answer 2

There are a lot you can tell him. first tell him that he will soon be out of money. when an individual spends more than he can earn, he will be bankrupt.

Tell him that he will soon be hungry. when his money finishes, he will have nothing to spend.

Tell him he could be stealing when he will look for money the legal way and he could not find.

Advise him not to spend much. instead he should learn how to save.

Saving helps in time to come when there are no means of earning more money.

Tell him he can rely on his savings for investment.

You can save a little percentage of your income, say 10%.

You can have a piggybank, you can save in a bank by opening a bank account. You can have fixed deposit. You can ask a trusted friend to hold your money for you.

finaly tell him to be wise.

Answer 3

Need to have a goal: something to save towards - without that, the money will never be saved.
Try suggesting something your friend could save towards like a holiday.
Remember, you are not your bank balance!
Work to live then do what you like with what you have as long as you don't hurt anyone along the way.

Answer 4

Deposit 15% of your income and try to live on the remainder. Do this for the first six months, when you've made this habit stick then increase the amount to 20%, and so on. Make the advice practical and hope for the best.

Answer 5

The most good way to save your money and to spend it more fruitfully is by buying books and aquire more knowledge in this life life is very precious and there are a lot of things which we dont understand in this world.try to aquire more and more knowledge each day.thus knowledge will be your greatest treasure