how can i keep up with my new years resolution which is to save my money!!!?

Question

i have a part time job still in high school!!! but whenever i get paid my money is gone that same day i have no clue in what i spent it lol!!! what do youll recommend

Answer 1

I opened a Bank of America student checking account for my son. When he uses his debit card it rounds up to the next dollar and puts the change into his savings. Since you are a student the fees are waived for three years. He deposits his check and only uses his debit card now.

Answer 2

Write down every cent you spend when you have money. Do it each day so you don't forget anything.

Then you will know where your money is going and how much you can save by cutting out unnecessary expenses.

Open a savings or money market account and put that money in it.

When you have accumulated enough to meet mutual fund minimums, open an account with a no-load find company, like Vanguard and start putting your money there.

Even better, if the money is from your earnings, open a IRA and let the money grow tax free. An added benefit is that mutual fund minimums are much lower for IRA accounts.

If you leave it alone and continue to add more money whenever possible, the power of compound interest will make you a multi millionarire by age 65.

Read how in this article: http://www.credit-yourself.com/get-rich.html

Answer 3

It is easy to say open a Bank Account; keep a Journal on daily or monthly speading; ask your employers to pay it directly into your account;etc.
I am of the opinion, though, that you can only succeed saving your money (as well anything you want to reach), when you set clear priorities. It might sound like Greek, but take time to look around the people in your high School class. The ones who are top, make an extra effort at something. Why? They desire to reach a target. You could liken it to such and see what works for you.

Regards

Answer 4

open a checking and savings accnt and transfer 10 dollars every week to the savings. Do not do it back wards for the whole year. You'll save a lot. Think about it 10 dollars are spent on stupid things sometimes.

Answer 5

the fist thing i would do is keep a journal of what you spend your money on. This tells you where its going. second start a savings account and pay your self just like its a bill you work hard for your money make it work for you.third keep as little cash on hand is possible and do not get an ATM card.

Answer 6

It's all up to you. You need to discipline yourself. when you go to the bank to cash it put some in right then. I would say at the very least half. Learn to do without sometimes. Lack of planning and saving now will force you to be without later.

Answer 7

Figure out something that you want to buy that is REALLY important to you. It doesn't even matter what. Then, when you're tempted to spend money, think of that thing. Think, do I want the important thing, or do I want this CD, or this cheeseburger, or this shirt, or whatever, more? If the important thing is important enough, you won't spend money on the little things.

Answer 8

Stop spending it!!!! And when you do spend it write everything down and at the end of the day add it up and then decided whether you spent too much and spend less next time.

Answer 9

make them send it to a bank accoutnt in steade of giving it to u