i need to learn how to budget better. im 24 years old so you can see how sometimes i look at my checkbook or account and think where did all that money go? i've been better at not buying every toy i see but i would like to hear how some of your tips. thanks!
2007-04-06 03:12:49 · 9 answers · asked by mannyg2199 4 in Business & Finance ➔ Personal Finance
You might not want help from a 12 year old but here me out, I got good ideas. Say to yourself every time your about to buy something, "Do I NEED this?" or "Have I treated myself to something lately?" If u NEED it, get it, and it is good to treat yourself every once and a while. Put half of your money in da bank, and leave it there for about 5 years, and don't spend it. By then u will have a big profit and u didn't even waste half of your money. And since u are young: Possibly invest in the stock market
2007-04-06 03:29:03 · answer #1 · answered by taladegacreweast 2 · 0⤊ 0⤋
The best way to save money is to do so automatically -- direct deposit from your paycheck into an investment account. Then you can feel free to live on the rest of the money however you can.
If you have trouble making ends meet, I would suggest that you stop using credit cards and debit cards, pay for everything in cash, but budget the cash that you have on hand (giving yourself $20 per day, for instance). If you don't have the cash, you can't buy the thing. You'll start planning for things like groceries and Friday night cocktails, etc., and instinctively start looking for bargains to make your $20-per-day buy more and last longer.
It takes discipline -- but that's required for any financial plan. Good luck!
Doug
2007-04-06 03:52:23 · answer #2 · answered by Doug M 4 · 0⤊ 0⤋
If you are working and your company has 401k allocate a percentage or fix amount of your money and when you have any increase on your salary increase you allocation to it. That way it will not affect your life style much. If you don't have 401k try mutual funds automatic monthly deduction. This way you can spend all the cash you see on your paycheck but at the end of the year you'll see that you already save.
2007-04-06 03:29:24 · answer #3 · answered by Leonb 2 · 0⤊ 0⤋
Do the following;
1. Start a recurring deposit,
2. Start Systematic invest plan with a mutual fund,
3. Of the inflows first invest towards tax saving instruments
4.Splurge the rest if any left over.
2007-04-06 03:27:08 · answer #4 · answered by Santosh 3 · 0⤊ 0⤋
properly, the reception is the biggest value of a wedding ceremony.. Have an previously, imagine early afternoon (2:00), Saturday wedding ceremony at a appealing park or botanical backyard. That way there are already quite a number of flower & beautiful surroundings! on the reception no one will choose heavy food or drink a lot on the on the spot of the day so serve horsdevores and only a unmarried signature cocktail or in simple terms champagne & sodas. you won't be able to scratch the dj and be sure on a string trio that can could a lot less, highly this early contained in the day. it may be very classy selection!
2016-11-26 22:39:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
When it comes to toys or anything you don't really need, do the math before you spend and figure out how long you have to work to pay for it. Example -- if you want to buy a $100 item and you make $10 an hour you will have to work ten hours to pay for it.
2007-04-06 03:27:54 · answer #6 · answered by Classy Granny 7 · 0⤊ 0⤋
if u get pocket money or u do job at least the minimum amount of Rs100 u can every month put i your bank account . For this please open your bank account in any bank which ever suits u . if u can save more than Rs 100 every month it is well and good . if u r working then u can even save more than 100 but if u get pocket money u can save as much as u can possibly.
2007-04-06 03:29:44 · answer #7 · answered by chetna 2 · 0⤊ 0⤋
There is a Website that you can use to find lots of Free money saving tips. They even have ideas on how to earn more money.
Please click on my screen name (Linda) then click on my 360 profile page and look near the top of the page. Make sure you go to the "Cutting Expenses" "Money Saving Ideas" and "Additional Income" pages of that Website. (I can't post a link here because posting a link in an answer is against the rules).
2007-04-06 04:12:44 · answer #8 · answered by Linda 1 · 0⤊ 0⤋
Do whatever you have to do to save and invest 20% of every paycheck. Don't make excuses for not being able to do this. Find a way.
2007-04-08 18:09:45 · answer #9 · answered by jdkilp 7 · 0⤊ 0⤋
401K First !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
If you can't put in 15% start with 5 or 10, get that going.
Next have your check on direct deposit.
Other then those two I don't have a clue
2007-04-06 03:24:32 · answer #10 · answered by Anonymous · 0⤊ 0⤋