money saving tips?

Question

i want ideas on how to save money.

Answer 1

Draw out an affordable amount at the start of each week from a cashpoint. AND STICK TO IT!

Answer 2

Pay yourself first: Make saving easy and automatic

Save a portion or all of bonuses, raises and tax refunds.

Reduce spending, consider taking your lunch to work each day instead of eating out.

Be fuel efficient. Carpooling or choosing other forms of public transportation are other ways to save money on fuel.

Avoid unnecessary bank charges. Also avoid over-withdrawal fees, which could be over $25 per occurrence. Also, paying bills online could reduce the cost of checks and stamps.

Seek higher interest rates on cash accounts. switching $10,000 from a checking account earning a half percent to a money market account earning 3 percent would earn an additional $250 per year.

Reduce credit card debt. This could be done by consolidating debt on multiple credit cards to a single card with a lower interest rate.

Answer 3

Read ingredient labels and you can buy generics that could even be better than the name brands. Try coupons. You can search the internet and sign up for services offering coupons you can print at home. Look for rebate deals. Never buy anything you can get cheaper elsewhere, and never buy anything you can get free. Don't eat out, after your stomach is full it don't matter how much the food cost, so go to the grocery store instead of the restaurant. Don't worry about the latest style, buy clothing for its utility. Look for tax breaks, if your job requires much travel, or even if it is only a very long way to and from work, you can write off much of the cost of a new car. Incorporate your family for the tax breaks. Buy in bulk, form a buyers group for that purpose. For a large and/or extended family incorporate as a Church. Instead of renting, use a cooperative to buy apartment buildings.

Answer 4

Put Your Savings On Autopilot. Go to your companies HR department and set up a direct deposit or payroll allotment with your employer to automatically deposit 5%-20% of your paycheck into your savings account every pay period and the other portion into your checking account.

Or set up automatic transfers of $5, $10, $20 or more a pay period from a checking to a savings account that doesn't allow easy ATM access like ING Direct or HSBC Direct.

Or save all of your loose change and at the end of the month, deposit it into your saving account.

Or Take your age, divide it by two and that is how much of your income you should be saving.

Or find your latte factor. See Automatic Millionaire at your local library.

Answer 5

create a standing order, so as soon as you get paid, a certain amount goes into a special savings account every month, so you don't realise it's even there, hence you don't miss it! also make sure the savings account is one without a card, hence making it more difficult to dip into it. then, all you need is a little bit of will power, which believe me once your savings account balance starts to increase, you will get! hope this helps!

Answer 6

this is what i do, i gave up smoking. when i do the grocery shop i think of the meals we are having and then buy the cheapest ingredient. I'm not proud of this one but my partner is crap with money so what ever is lying around i pinch it ( jeans pocket after a night out) he has no idea. Last week when i washed his jeans, and piked up all the change left on the floor on his side of he bed altoghther ther was £50. his loss is my gain

Answer 7

Set aside 10% of your paycheck each and every payday - and then pay your bills.

Make inexpensive meals (brown bag it for lunch) and limit the amount of times you go out to eat.

Increase your deductibles on insurance policies.

Reduce your heat/electric bills by making sure you turn the power off or dial down your themorstat.

Shop at the $1 stores.

Shopt at thrift stores for clothes.

Answer 8

Make a list of what you need, then compare it with what you have bought.

Check out what you throw away, maybe these items are bought on the spare of the moment, or because it was an offer too good to resist.

Ignore special offers, unless it is something you want.

Keep control of what you want to buy for your needs, and remember that suppliers of goods will try to persuade you to buy more than you need.

Ignore them, buy only what you want.

Answer 9

When you buy anything...groceries, shampoo, toothpaste...etc.. Always try to buy the cheapest brand they have, and then save the difference. We have been doing it for about a year, and we have a really nice savings going on :o) Theres nothing wrong with the knock off brand stuff, its all the same really!

Answer 10

first always remember this tid bit that my mom used to say
*always save for a rainy day because rainy days always come*

for u should always put away five percent of your income each payday.
if u have bills that u have to pay that money, at least put away five dollars.
u will be surprised to see how fast that little adds up.