2007-09-21 04:35:55 · 9 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
When writing your budget put savings as one of the top lines like you would a mortgage or other essential item. Have the money transfered to savings before you start spending. If you only save what is left over you won't save anything.
2007-09-21 04:44:45 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋
The best way to save money is to analyze your spending habits for a week. Then see what you can cut out. If you normally spend $5 a day on lunch, you can cut that out and spend $3 and save the additional $2 and put it aside daily in an envelope.
Another trick is to save change. If something cost $1.13 give the cashier $2.00 and throw the change in a bottle. Never give exact change. In no time your change bottle will accumulate before you know it.
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2007-09-21 12:40:08 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Everyday when I go home I empty out my pocket of coins and utlimately then put the money in savings account. I also take every $5 bill I get each day and drop in a jar. Within in 6 months I had saved over $1,000. The trick is to keep your hands out of the jar!
2007-09-21 12:07:04 · answer #3 · answered by Midwest guy 4 · 0⤊ 0⤋
Don't use credit cards.
Give up something and put that money in a savings account.
Try to add just a little more each week to that savings account.
Most important...never touch the savings account. Let it add up until you can start a ROTH IRA.
2007-09-21 11:43:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
There are no tricks.. just save.. use mutual bonds and find a way to make your money work for you
2007-09-21 11:42:18 · answer #5 · answered by The REBELution! 3 · 0⤊ 0⤋
I just put all my paychecks in the bank. I'm only 18 so I've just been saving all my money. The only thing I ever spend it on is gas, other things once in a while. If your living at home with your parents, just put all your paychecks in the bank and only buy things that you really need.
2007-09-21 11:43:01 · answer #6 · answered by minidust13 3 · 0⤊ 0⤋
Only borrow for items way out of your cash purchase range ,
Like a house .
Avoid paying % , unless it is a mortgage and then go for the lowest rate possible .
Have $$$$ taken from your paychecks BEFORE you get it ( and channeled into a brokerage account ).
Learn to do as many tasks in life yourself as is possible .
Hire out only when the task requires a professional that you are not qualified to do ( like electrical work if you are Not a journeyman electrician ) .
Otherwise , do it yourself .
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2007-09-21 11:45:22 · answer #7 · answered by kate 7 · 0⤊ 0⤋
Have the bank or your employer take out money and into a saving account out before you see it.
2007-09-21 11:42:12 · answer #8 · answered by Bob D 6 · 0⤊ 0⤋
dont eat out
2007-09-23 09:37:54 · answer #9 · answered by Felix 7 · 0⤊ 0⤋