2006-12-15 18:38:56 · 8 answers · asked by isabel m 1 in Business & Finance ➔ Personal Finance
I give so much of my paycheck to my mom, she puts it into an account for me every week. I dont know what bank the account is in she just gives me totals every month on my savings. When I have enough to buy a house she'll give it to me.
2006-12-15 18:41:29 · answer #1 · answered by nurse33 3 · 0⤊ 0⤋
Invest the money.
Cash Deposites (CD's) at a bank build good interest and you don't touch the money for 6 mo to three years depending on what the bank offers.
Banks also offer a christmas fund/account, even if you don't use it for christmas it is a good idea. It requires a low monthly deposite and withdrawls are not allowed.
Close your paypal account, cancel your credit cards ( keep the GoodYear one for car repairs), you can toss your ATM card (ouch!). People lived without them for a very long time and they usually cause you to take out more than you need without planning on what your going to spend it on.
One of my sons had hands that burn money. I tried helping him by having him give me a % of his income that I saved for a vacation at the end of the year. (mom did not go along ;) He had such a great time that he saves it himself now.
Good Luck and keep trying, you'll be glad you did.
2006-12-16 03:30:24 · answer #2 · answered by Threeicys 6 · 0⤊ 0⤋
Take my advice, I'm not using it.
The best way to stop spending is to stop going out shopping. Just go to the store for necessities, food, gas, etc.
Start saving by opening a savings account. You can set it up to have automatic deposits put into your savings account, which keeps you saving.
2006-12-16 03:44:22 · answer #3 · answered by IKAREOKE2 2 · 0⤊ 0⤋
Think about this: are things the master of you, or are you the master of things? If you buy things that decrease in value, and/or cost interest, then those things are your master. If you buy things that increase in value, and/or pay YOU interest, you are the master of those things. Instead of buying things that cost you money, buy things that MAKE you money! That's better than saving money, because money isn't money anyway.
Rephrased:
Consumerism leads to the acquisition of things that are about instant gratification, which costs money and doesn't produce returns other than "instant gratification." This is the case of things being your master. If you want to save money, identify those things that are about instant gratification and don't buy them.
Capitalism leads to the acquisition of things that are about delayed gratification, which costs money and produces returns. This is the case of you being the master of things. Don't stop spending here, but do be smart about it.
2006-12-16 03:03:51 · answer #4 · answered by Jonathan T 2 · 0⤊ 0⤋
i know that its hard to stop spending money but you should have a goal to stop consuming nonsense things. their are 2 aption you can used first apply passbook or an ATM to the bank to save your money.. second you can kept it to your self, you should have a mini bank in your house you can used a mini box and put it in the safe place you have.
2006-12-16 02:48:50 · answer #5 · answered by Norvie 1 · 0⤊ 0⤋
Limit your pocket money,,even when you have it,,pretend that you are broke.
2006-12-16 02:42:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
make a checklist of your income and expenditures
and make a budget .. and go threw it
2006-12-16 02:42:00 · answer #7 · answered by jain 2 · 0⤊ 0⤋
list out wat u need only and stay more frequent at home rather than shoping too often then ask someone for help to control ur spending like ur mum...
2006-12-16 02:40:55 · answer #8 · answered by yang 4 · 0⤊ 0⤋