What is the best way to save money?

Answer 1

Put aside the same amount every week no matter what. Studies show that people that dedicate to putting in a set amount save more than people who decide how much to save from week to week.

Set up a direct transfer each week into an account that you can't touch. It doesn't have to be a massive amount, but if you save a regular amount consistently and don't touch it, you'll do okay.

Answer 2

There is only one way to save money and that is HAVE A BUDGET.
A budget takes control over income and expenses. If you start with income, let say $25,000 or whatever and deduct from that your must be payments like rent, taxes, light, sewer, garbage etc.etc then what is left you have to apportion-ate to food, clothing, savings, holidays, birthdays, health, car repairs, home and garden expenses. When you have done this you CAN Not and I repeat CAN NOT take money away from car payments to buy a new coat. Your new coat has to wait until in your budget you have enough accumulated under clothing to buy that coat.
It is as simple as that. After a few months of haggling and adjusting you will have an iron clad budget is which savings is a part. Maybe your savings are only $ 50.00 a month maybe more but it is a beginning. When you can put your savings into an Retirement Savings Plan your money grows faster and by the time you retire you might have accumulated a nice little sum. Talk it over with your banker, investment councillor or anyone who has a budget. We do and many people think we are rich as every expense is covered and we can even afford to go abroad for a holiday. Our income was that of a working man. Good luck to you

Answer 3

One of the best ways, if you have consistent income, is to set aside a certain amount of money out of each check and designate it specifically for savings. There are a couple of ways in which to do it. You can set aside a specific amount of money, such as $25/week. No matter what, that money comes out and goes into savings. The other way, if your income fluctuates somewhat, is to take a percentage, say 10% out of each check and put it in savings. Either way you should see your savings grow in no time. It is often easier to save if you have a budget. Things to put into the budget are things such as rent, utilities, car payments, entertainment, food, savings, etc., If you strictly adhere to your budget, you will save money. You can put the money in either a savings or mutual fund. You will make it grow faster with a mutual fund. It is a good idea to put an emergency fund together. This should include from 3-6 months of living expenses without income.

Answer 4

CD accounts, Buy Bonds, Possibly stock yet a little bit more risky.

Set aside a certain percent of your earnings regardless of how bad you need it, unless you have a lean against your house.

You made $5000 this month, set aside 15% of it which is, 5000 x .15 = 750, sounds like alot but it will help tremendously, just think 750 a month, 12 months = 9000 and if the interest rates are good, and compounded annually then lets say 4% of that =$360 so now you have 9360, good stuff!

Or you can invest in real estate or something.

Answer 5

U always have to plan for things u have to do and things u have to pay for!! And that's a start to know how can u save u're money .if U know which things are necessary to spend money for and which ones are not then u can plan to put u're money in a bank or invest it somewhere.

Answer 6

wow

saving your money would work

Answer 7

Don't spend it!. Or you could wrap it in a sock.

Answer 8

maybe bonds or bank cds

Answer 9

dont spend it

Answer 10

a piggy bank(LOL)