When you get your check how much money to you set aside to save?

Question

I can't seem to save money.I'm always spending it and feel it's just sitting in the bank waiting to be spent but end up with nothing till next pay check.
I'm sick of needing money when I want it and can't have it.
What do you do for yourself to make you want to do the right thing for yourself?
What would be the best place to put my money in while I'm waiting to take it out again and what would make me want to keep it there?
Should I leave a certain amount in all the time or what?

I have a savings account but that isn't doing the trick either.

Answer 1

1. I have a savings account along with my checking. I have it set up to automatically deduct money from my checking when I get paid every week and put it in my savings...It doesn't have to be much at first.. $20 or $25 adds up quickly. Soon you will not even miss it, and you may even decide to start tucking away more every week.
2. Keep track of everything that you spend your money on for a couple of weeks...Every time you spend money, write it down in a notebook. After a couple of weeks look back at your notes and in the future try to cut at least half on the non-necessities out of your spending. It's good to treat yourself, but sometimes we do it more than we realize.
3. Turn your thermostat down a couple of degrees in the house and dress a little warmer instead...It will make a big change in your heat bill, and your body will adjust to it rather quickly.

I hope some of these ideas helped you!

Answer 2

This is what you do. Pay yourself first. that means save 10%, in the bank in a savings account. Do not touch. Another percent in an IRA, if your job has one that matches any of it, you put that amount in every payday, it comes out and you don't see it. You won't until you get old and need it. Then you give 10% to a good cause, charity...yes, I said give it away. Giving sets a universal law in action. You give and it is given back to you...whatever you need, maybe not money but help, friends, free lunches, winning the lotto, whatever. You get it back somehow. Then you pay your bills and if you find you have any extra you can up the 10% savings over time. That becomes money in case you loose your job, need car repairs, whatever. When it grows to 500. Buy a CD at the bank at 5% or more and leave it for 3-6 mos. and make a few dollars on it. Then put it in again when it comes due. After a year if you keep buying them at 500. a piece and they are growing you will have money and then you may want to put some of it into an IRA for retirement or just keep it moving in CD's checking banks to put it where it will gain the most intrest. That is personal finance 101. Good luck. You can do it. It is a good thing and a smart thing. You may want a house, a new car, not brand new...that is a waste, a year old maybe, a wife, a child...you will need this money later. I wish you luck.

Answer 3

it took me a long time to be able to save money I find that opening a savings account is a good idea but there is also the option of putting it into an account that you cant touch. it is depending on how much money you are trying to save and how much you can afford to put into savings