What are 10 simple ways to save money?

Question

Come on folks....need some help on this one, oh ye experienced ones please give me some advice here

Answer 1

1. Sunday newspaper coupons (necessary items only).
2. Stop eating out and prepare meals at home.
3. Wash your own car instead of taking it to the local car wash.
4. Recycle
5. Plan your day out ahead of time so you don't have to make too many stops and waste gas.
6. If you go to the movie theater often then order an entertainment book and pay 6$ instead of $10 per person. Just type in ntertainment book on Ebay and look for one that's in your area.
7. Rent movies at your local video store instead of going to the movie theater. I only spend a dollar to a dollar and fifty (for dvds) at my local video store.
8. Turn off all lights and appliances when they are not in use.
9. Call your utility company and ask if you can apply for a low income package and they'll send you an application (they don't ask you about your income).
10. Visit your local thrift store or goodwill store for furniture. I purchased a brand new end table for $30. And saw the same one at Target for $100.
11. If you have a few grand saved up then go to your bank and ask them how you can invest your money.
12. Pay credit card bills in full so you don't have to waste any money on interest.
13. Buy groceries in bulk if you have more than one person to feed and definitely watch out for sales and specials in the mail.
14. Purchase text books online at amazon.com if you're in college.
15. Don't visit the mall unless you absolutely need to.

Hope this helps!

Answer 2

1. Pay yourself first. Have a small percentage from each paycheck automatically deposited into a savings account before you can spend it. Even 20/wk will give you 1040/yr. Ideally choose a high yielding account like Emigrant Direct (5.05%).

2. Use cash vs credit. I don't have the statistic off the top of my head but you save about 20-30% doing so. Has something to do with seeing the cash vs just signing a slip.

3. Look for the small things you can cut out or cut back on. For example, making vs buying lunch and/or making coffee at home vs buying at starbucks can save you 5-10/day...multiply by 260 work days/yr gives you 1300-2600/yr.

Those are just a couple of my favorite ideas. There are so many more that may or may not work depending on your particular situation. Good luck.

Answer 3

1. Put a percentage of your money in a separate account each time you get paid, then invest it, then forget about it.

2. Invest in 401k if possible.

3. Don't eat out, keep your car till it falls apart and spend with caution.

4. Buy a house. On a 15 year mortgage is best.

5. Don't use credit cards or other personal debt.

6. Learn the tax code and use it to your benefit.

7. Compression shop for everything, ask for discounts.

8. Take care of the stuff you have.

9. Take care of yourself, health problems are expensive.

10. Don't loan money.

Answer 4

You don't need 10 ways, you just always "pay yourself first" by always having at least 10% of your income sent into an investment. It's best to just set up an automatic withdrawl and most people now are going with a 401K. Just contact a money manager at Smith Barney, or wherever. And to make it possible to save 10%, you have to spend less. Most, or maybe I should say MANY people don't save because they spend so much they don't think they even CAN. But most people waste so much money it's rediculous. People today go out to eat 25 times more than they did a generation ago, and that's just one example of money we just throw away. That's very expensive. A pizza is EXPENSIVE, costing enough for one, to eat for 4 days at home.

Answer 5

The best way to save is to put aside a portion of your allowance or salary into a saving bank account the day you get it. If your salary is direct deposit, do a transfer right away.

Once the money is transferred, do not look at the saving account, live your life as though it doesn't exist. Spend only the money you have left in your regular account.

That way is really the best. You can also save through the use of coupons, or not buying that Latte, or not having little "treats" you usually give yourself.

Answer 6

Although I dont have 10 I do have one really good way that helped me save more the $50 in two weeks. All you do is done use one dollar bills and change to buy anything. Then at the and of the day put all those one dollar bills and change into a jar. Youd be suprised at how fast you can save up some money.

Answer 7

Invest in a 401k first, at least up to an employer's match.

Direct deposit your paycheck.....but automatically put part in a savings account (it works as an overdraft feature too)

Use cash, debit card, or credit card with cash back.

Pay your credit card bills in full every month.

Shop online, you won't be tempted by everything else on sale down the mall.

Don't shop hungry......you will buy far more.

Stock food you like that is quick to prepare instead of ordering a pizza or going out every night. When I moved to California after selling our house, my husband's monthly dining budget dropped from $600 to $30 almost overnight, even though he is a corporate chef he is too tired to cook. (I cleaned that up)

Shop for a car like an investment even though it is a depreciating asset. Call your insurance agent to compare rates on different models and negotiate the liability amount and bundle coverage....home insurance, life insurance, etc.
Compare APRs from bank to dealer, usually the dealer has subsidized rates, not the bank.

Read finance magazines...at the library if possible, online if not to save money.....subscriptions are far cheaper than buying them every month.

Subscribe to the daily paper...the Sunday ads alone with net you savings on everything you buy with coupons and sales.

Bundle services....cable, telephone cell if the combined amount is actually cheaper, not a temporary intro sale, unless you are moving within a year or flip like I do.

Call your credit card issuer and see if a lower APR is available if you don't pay in full. Sometimes you are passed on to the retention team who have better offers.

Don't live to shop, be obsessive with sales and relax. Asking for advice is the first step to saving. Good luck!

Answer 8

Think of money as a valuable resource. Every time you purchase something, ask yourself if you really need it, and is it worth as much as you are paying.

Don't give in to peer pressure. Let your coworkers go out to lunch, you brought yours. Convince them to bring their lunch more often and take it to the park instead of going to a noisy restaurant.

Write down everything you purchase. At the end of the week/ month add it all up and analyze each purchase. You'll be amazed at how much you wasted.

Calculate your disposable income (the amount that is left after necessities like taxes, rent/ mortgage, groceries and paying off those credit cards IN FULL ASAP). Put every purchase in terms of that number (wow, this is 10% of my money for the whole week? No way!)

Answer 9

There is only one way to save money, and that is by not spending it.

Any other suggestions will, at best, be ways to spend it wisely.

You cannot save money by spending it. Ever.