2007-07-22 17:57:57 · 7 answers · asked by E coli 2 in Business & Finance ➔ Personal Finance
Try looking into dividend reinvestment plans. You can find a stock that's low priced, buy one share and then reinvest the dividends and keep adding to it. Look at www.drip-investor.com or www.moneypaper.com, but you can buy the shares from a low-cost trader, too, and sometimes just from the company directly.
2007-07-22 20:15:06 · answer #1 · answered by Katherine W 7 · 0⤊ 0⤋
There's no magic formula to saving money. You *must* spend less than you earn. So if you only get $30 per week, you either need to spend less than $30 or find a way to earn more. It's the same for you as it is for someone who makes $3000 per week.
Doug
2007-07-23 00:42:06 · answer #2 · answered by Doug M 4 · 0⤊ 0⤋
I also only get $30 a week.
I have a checking and savings account.
Every time I deposit money, I move 10% of the deposited money into my savings account. Its mostly for my future, but I occasionally buy stuff/splurge with it.
2007-07-22 18:08:13 · answer #3 · answered by Marko K 2 · 0⤊ 0⤋
You don't have to spend the whole $30 if you want to save.
2007-07-22 18:54:10 · answer #4 · answered by Tan D 7 · 0⤊ 0⤋
Most Banks will allow you to start an IRA account with as little as $5. The key is to keep money in it and not spend it, check also on taxes and penalties if you withdraw the money early.
Since you were not specific as to how you earn this money or if this is your weekly allowances, is difficult to determine if you have any expenses at all.
2007-07-22 18:02:08 · answer #5 · answered by spanishflyin_tx 3 · 0⤊ 0⤋
Nobody is holding you to just $30 a week..
2007-07-22 18:00:22 · answer #6 · answered by Anonymous · 0⤊ 1⤋
dont hav to save de ..like me i never save money de if u use finish den nevermind lor......if havent use finish den use next day...dun hav to save de
2007-07-22 18:00:07 · answer #7 · answered by Anonymous · 0⤊ 3⤋