How can I save money better?

Answer 1

Well one tip could be for you to start a savings account and "pay yourself first" meaning before you pay your bills put, say, 5% of your check away into a special account that you don't touch except for something really important to you--say a house if you don't have one, or a new car, or a special vacation trip, or a wedding. Or anything else you've been wanting that is expensive like that.

Another thing I want to say is that there are ways that you can save money on your food bill that will reduce your expenses. I've listed a website that will show you lots of guidelines how to save on groceries.

Also I've found to save on clothing, movies, cds, computer software and stuff like that it is often worth it to shop on ebay. Ebay prices are often 50% or more cheaper than regular store prices. Newer items such as movies just released this year are often harder to get for cheap prices on ebay. If you are worried about clothes not fitting right, if your area has church rummage sales, the people holding the sale will often allow you to try on clothes in the church bathrooms if you ask them. Church rummages are good sources for other things also like shoes, purses, books, just about everything.

Also, to save on everyday items like shampoo,deodorant etc. There are a couple things you can do. Watch the clearance shelves from about January-March and you might find shampoo for 50 cents or less or other stuff really cheap. I do this at Walgreens and Walmart the most. Also, Walgreens has free items on rebate every month, or if they aren't free, they are cheaper than you find anywhere else. With Walgreens rebates I've gotten shampoo, deodorant, toothpaste, toothbrushes, makeup and other stuff for free. I've gotten 12 packs of soda for free to up to $1.25. These were good soda brands like Coke brand or Pepsi brand soda. Not just coke and pepsi, there were other kinds on the rebate like sunkist, A&W root beer, etc. Check into that.

Answer 2

You know I find people do have money but they're not saving it because of the lack of self-control. I had the same issue. What did I do? I started putting my money in CDs and other investments that I CANNOT touch after I put it there for at least 2-3 years. Since then my investments have grown!

The best investment vehicle I used where I could NOT touch it was tax liens, investing in government bonds where property owners have to pay back old taxes at 18% interest rates. As the investor, you have to wait 2-3 years to get your money but you get 18% interest or more. See the book below to get more information about this.

Answer 3

to boot to the same old advice, i'd say, stay out of shops the position you're tempted to purchase clothing, snacks, and capture-penny novelties you do not opt for. also, take a itemizing with you once you pass to purchase groceries. do no longer purchase luxurious goodies. some products are worth procuring in packaged or prepared type, notwithstanding it is worth researching the thanks to practice dinner with worry-free factors too. the stronger known advice for saving is, pay your self first. In different words, take 5%, 10%, or perhaps if quantity you've determined on, and stash it in a discounts account. you could purely save on wide-spread concepts, or you'd be saving for a particular purpose. There are some motives for procuring on credit: to construct a good credit status, to pay for airline tickets, to employ a vehicle, or to have some recourse in case your purchase seems to be defective. in the different case paying money is a lengthy way more beneficial efficient than getting in touch with employ-purchase plans or using your charge playing cards for time-honored transactions. Many young ones pass through a similar issues that you describe. it style of feels to be very virtually a ceremony of passage. yet in case you could make the transition from not in any respect demanding about money because your friends provided each and every thing except your "exciting money", to transforming into specialist at dealing with your human being funds, you'll stay a a lot less tense and bigger efficient existence over the longer time period. So artwork on pulling your self out of debt with out ever getting into the back of on your funds.

Answer 4

There are many different reasons for saving money, but whatever the purpose, it is best to have an automatic method. For example, if you are saving for retirement, participate in your employer's qualified retirement plan, such as a 401(k). After contributing to that plan to the extent that you maximize the matching contribution, set up an automatic deduction or bank draft into an IRA or Roth IRA (if eligible).

If you're just saving to ensure some extra cash, set up an automatic transfer from checking to savings.

Answer 5

Use a budget. Seeing where your money is going each month (and year) helps you to spot areas that could be cut. The extra $$ can then go to debt reduction or savings.

I use an Excel worksheet for my budget. It's simple and concise. If you'd like a copy, just email me!

Answer 6

Spend less than you earn and put that money into high-yield savings, money market or gamble a bit and play the market.

Answer 7

you did not explain this question well. do you save any now? And where? Do you need to cut back on your spending? I have dozens of ways to pinch a penny.