how to save money?

Answer 1

In order to save money it has to become a priority. It will never work to take your paycheck, pay your bills and live until the next check and then save what is leftover. There won't be any leftovers. You need to make savings a dedicated bill. The first 5 or 10% of your paycheck should go to savings, then pay the rest of your bills.

If your paycheck barely covers your expenses then you have two options. Increase your pay (second job, new job, education, etc.) or decrease your expenses. You can give up HBO or digital cable or your cell phone or that latte every day. Look for small expenses and big expenses. Drive a used car you pay cash for (big expense). Shop for insurance (big expense). Live in a less expensive apartment or get a room mate for a while. Do what it takes. If those things are all sounding drastic, some of them are, but you need to do what it takes to get financial independence or at least in fiscal control.

Pay off all credit card debt. It becomes an every faster treadmill to no where. Seriously limit spending until your credit card debt is under control.

Answer 2

have your payroll checks direct deposit. save at least 5% from your earnings every month if possible. save more if you can. you can ask your bank to withdraw the money directly from your checking account at each direct deposit date and automatically place it into a savings account. increase your savings amount as your salary increases

Answer 3

Live within your means.