you're spending approximately 8000-10000 a month on entertainment!!!! you have to cut that out. what i do is that when i get my pay, i calculate all my fixed expenditures, and what is left out, i save 50% from that and the remaining 50% i use 30% for entertainment, my personal expenses like shopping etc and 20% for unforseen expenses
2007-03-19 23:02:38
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answer #1
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answered by faiza_t 3
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Plan ur Income, Divide it accordingly, out of that at least 10% should go to savings.
And moreover self control is the part which plays major role. As u mentioned u r running out of savings, u have already realised and let both of u sit and discuss the situation. Instead of going to a movie, move to a place where u can sit and enjoy such as park, temple.
2007-03-19 23:10:50
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answer #2
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answered by tdrajagopal 6
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So you earn US$800.00 per month and you spend about US$100.00 on going out.
The anwer is simple.....stop going out every weekend and put the Rs.800 in the bank.
By the end of the first year you will have over Rs. 40,000.
2007-03-19 23:05:33
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answer #3
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answered by Jack 6
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If u wish to save, u must cut down some luxuries. Maybe every alternate weekend u can watch the TV and cook at home.
2007-03-21 00:37:35
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answer #4
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answered by wizard of the East 7
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for starters--BUY A DVD-AND GET 4 NEW MOVIES EVERY MONTH-cos each dvd shd cost u only a hundred bucks-get some snacks--pig out at ur home theatre--rite in your room--pull the curtains down,switch off the lights and the mobiles and keep ur fone off the hook-and voila!!!! u have it all there-if u wanna go for it all the way--get the latest gizmo--the tata sky--u get all the channels-and u gotta pay 70 for the latest moviesif u want to see on tv-but theres a service charge of 300 per month-its steep-but i will bet it works out cheaper than wot ur doin rite now,make sandwiches twice a week for dinner--its fun ,healthy and cheap,gud luck god bless
2007-03-20 08:48:11
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answer #5
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answered by fahima 3
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Hi Partner,
You know what we are all sailling in the same boat, but we have to do what we have to do like some small investments and basically get involved in social gatherings and there is a lot of ways if you sit and think you could say money.
2007-03-20 23:27:32
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answer #6
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answered by Sriraj A 1
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You have to learn the best strategy to save money which is to "Pay Yourself First" which what has been described in the following source.
The key is to set aside some money that you plan to save and make them untouchable before you start spending this money. I'm quite sure this method works and let me know if it doesn't. :) This is at least works for me. Happy saving!
2007-03-20 03:22:59
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answer #7
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answered by ChampDog 3
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You need to go out as well as plan your future with saving so be wise go out twice/month and save whatever you will be spending over two weekends in going out. Try to budget and keep a track on your spending.
2007-03-20 00:00:11
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answer #8
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answered by Spartan Total Warrior 5
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Life is short. Go to the movies and do things you like, but try to not go overboard. Try to put one movie cost away per pay day. Just cut down on things that you can so that you can do the fun things.
2007-03-19 23:58:15
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answer #9
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answered by LuLu 2
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Next time you can go to your grand father, BABA. You can save a lot going to your parent.
You can eat meal at medium place, try bread and butter etc.
Ask your wife to pack some for way. You can carry Potli of food.
2007-03-19 23:06:22
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answer #10
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answered by Anonymous
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