2006-12-07 18:35:26 · 13 answers · asked by chapped lips 5 in Business & Finance ➔ Personal Finance
NO I AM MICHEAL JACKSON I SPEND EVERYTHING EVEN OTHER PEOPLES MONEY
AND HOW DO YOU GET SO MANY ANSWERS TO YOUR ?S
AND HOW DO I GET MY ? TO SCROLL ACCROSS THE TOP OF THE HOME PAGE UNDER BEST OF ANSWERS SO MORE PEOPLE WILL ANSWER LIKE YOU DID YOU ? ABOUT WASHING FOOD THAT COMES IN BAGS
2006-12-07 18:37:49 · answer #1 · answered by Talking Hat 6 · 0⤊ 1⤋
ABSOLUTELY, POSITIVELY, PAY YOURSELF FIRST! (Save)
You are not a slave. You do not owe anyone else in the world more than you owe yourself. If you do not create a solid foundation of savings for yourself, you will never get ahead, you will never be able to help others, but in fact will need others to help you by borrowing from them.
There are dozens of the wealthiest people around that will tell you the same thing. But, it's not just if you want to be wealthy - you must save if you are going to have any chance of survival at all.
Sure, bills are a burden and it's a terrible feeling when you can't quite pay all your obligations. BUT- if you ever want to be in a position where you're not just "always paying the bills", then you must save! Pay yourself first. After awhile, you get to where you don't even miss the money going to your savings and you find bills getting easier and easier to pay.
Find and read this book: The Richest Man in Babylon
(a short read, about $4 paperback)
Good luck!
Best,
-Don
2006-12-08 03:01:46 · answer #2 · answered by TheDon01 1 · 2⤊ 0⤋
Yes, all of my check goes into savings. This is because my husband and I live only on his check (he also puts a little away for his retirement). This isn't because we are rich. We don't have cable or cell phones, we use coupons, and we drive our cars a long time before we get new ones.
I find it annoying when people say that can't afford to save, or pay off bills, and then they are out buying desiner clothes every weekend. And they also buy brand new cars every 2 - 3 years and $4 coffee every morning. It all comes down on how you prioritize your finances.
2006-12-08 02:45:15 · answer #3 · answered by PT C 2 · 1⤊ 0⤋
Heres what I do. When you get your paycheck put at least 2/3 of it in the bank. Then use the rest to give out, or do whatever you want with it.
2006-12-08 06:50:36 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Yes.
I have my paycheck directly deposited into 2 different accounts (checking & savings).
I make sure enough money gets into my checking account to pay my monthly expenses, but I try not to put anything more than what is necessary into my checking account each month.
If your employer doesn't have direct deposit, you can easily set all of this up with online banking.
2006-12-08 13:58:54 · answer #5 · answered by derek 4 · 1⤊ 0⤋
Yes - saving in a 401k and 2 savings accounts.
2006-12-08 08:55:30 · answer #6 · answered by Cheryl S 2 · 1⤊ 0⤋
Yes, my saving is completely automatic to make it easy for me to invest for the long term because the future is as important as the present. Consistency in saving and investment will be the key to success for my future.
2006-12-08 02:45:18 · answer #7 · answered by John 3 · 2⤊ 0⤋
I do, I do, I do. Religiously. Only way for you to get ahead. You go to USC? 40 large per year? Scholarship or got bucks? None of my or anyone's business. But if you come from some dough, ask your parents how they got where they are. If you don't, ask your schoolmate's parents. Many of them will tell you to notice the mistletoe over their backsides but someone will yelp. You need to know this stuff.
2006-12-08 05:16:03 · answer #8 · answered by Big R 6 · 1⤊ 0⤋
Bills first, then saving.
2006-12-08 02:43:34 · answer #9 · answered by maggotier 4 · 0⤊ 0⤋
yes, i put the money in the bank and let my bills go unpaid...
then i earn 5% interest on my savings account,
and get charged 18% on my credit card....
.
.
.
.
.
not!
2006-12-10 08:47:46 · answer #10 · answered by Anonymous · 0⤊ 1⤋