how can i save money?

Question

how can i save money for my future? i am a person who spends spends spends so its real hard for me and also i cannot put money in a bank account cuz ill just get it out...any ideas

Answer 1

there are different way to save money depending on your age and living arrangements. Like using less softener on your clothes when you dry them or line dry them to save on the electric bill. Use bar soap not soft soap. drink water not pop. Eat in not out.

Other ideas if you dont have to worry about those expenses are. Never write a check or use your debit card if the amount will be for less then $10. this will stop you from buying a pop at the 7-11 if you dont have the cash, this does not mean find $9 worth of other stuff to buy. Try writing the checks out fo the exsact amount but when you balance the check book round it up to the nearest dollar. Your checking account will have more in it then it looks like. Do the same but round down when you make a depost. It is also easier to balance because your dealing with whole dollars no cents. Open a savings account in another town that does not have a branch in your town. You can always mail in the deposits but it will be harder to withdraw the funds. Make a budget and stick with it. your bills first and then %50 of what is left goes into savings and the rest you can spend guilt free.

Answer 2

Constantly remind yourself that if you "spend, spend, spend" now, then you won't be able to "spend, spend, spend" after retirement. What you save now is your future shopping money.

Try to save money in ways that you never actually see that money, and hopefully won't miss it so much. If your employer has a 401k plan, then you can increase your participation. Or, if you are paid through direct deposit, then have some money automatically put into an account that would go directly into an IRA or CDs. If those ideas don't work, then meet with a financial advisor/investment broker who can help you develop a plan that will work for you.

Answer 3

Now a days it's not easy not to spend. As a matter of fact, payday is a happy day for some spenders. I would advice you to save at least three percent as a starting point, from your paycheck into a savings and do not touch it by any means. You'll be surprised how much you can save in a year's time. Gradually increase it , if you can, with time. If you do, pat yourself in the back..and say "good job" Again I'll say, it's not easy but it can be done if you have will power to do it. (been there, done that) :) good luck :)

Answer 4

Believe me when I say you WILL need money put away for your senior years. Insurances for cars, house, and yourself are the biggest expenses in old age. Not to mention if you are still paying on your home and a car.

Put $2000 per year into a 401K (I think that is what it is called). You are not allowed to touch this like you would a savings account. By the time you retire in your 60's, you will have plenty of money to live on.

Answer 5

Open up an account where you can deposit money, but you cannot take money out. If you think that might be hard, you can try it with an account where you can't withdraw for 6 months or 1 year and see how it goes.

Good Luck!

Answer 6

You need to open a brokerage account at TradeKing or any other broker (I recommend Zecco) and each time you get a paycheck send at the very least 10% of your paycheck to that account. (If you don't have a house then you should send at least 50% of your paycheck until you have enough for a down payment)

I am a Portfolio Manager with over a decade of experience in the Stock Markets and I will help you for FREE.

Answer 7

whatever you make on a paycheck or however you get money, only use half of what you get. So you still get to buy stuff but you are saving as well. that's what i do at least.

Answer 8

The Bible says "the fool and his money are soon parted."

Answer 9

Invest in a CD. You'll be penalized if you take it too soon.

Answer 10

Don't buy a bunch of stuff you don't need.