crazee_fellow
 |
Hey , I was facing same problem before i got married. After my marriage I opened one Saving bank a/c and 5% of my total earnings in that month i used to put it in the bank . its beeb three years now and i have saved a good some. In your case if you are earning 1K please open a a/c in a different bank, take out 100 bucks as soon as you recieve your salary and deposit the same. Just forget for next one year that you have one more a/c . |
|
Mark C
 |
Pay yourself FIRST. Put 10% of your pay, no matter how much you make, in a savings account as soon as you get paid and DON'T TOUCH IT!!!
Learn to live and budget off the other 90% like that is all you make. |
|
Johnie L
 |
Open an ING Direct account. When you get your paycheck set aside an amount that you want to spend. Put the rest in the ING account. It takes a couple of days to transfer money from ING. By then, hopefully, you'll get pass the point of spending it.
Also, since it doesn't show up on your bank account, you'll self adjust. Basically the "If I can't see it, I can't spend it" theory. |
|
joe O
|
The absolute best way to save money is to first figure out where every dollar is going. Get a notebook and write down every purchase you make. Keep a running tab of your total purchases and at the end of the day deduct that amount from your total available funds. Do this for a couple of weeks and you'll figure how much things really cost you. |
|
surferchick
 |
you need to find a financial advisor and set up a plan. I would suggest by setting up a budget and stick to it. Put at least 10% away each month had don't spend it. Look into money market savings and other savings plans. |
|
abagtha_778
|
yea....uhh....open a savings account.....or buy a guard dog....and throw your money in his doggie house everyday... |
|
deena
|
i was told the best thing 2 save money is get a jar and put money and fill up with water and put them in freezer and it really works im gonna do that in few months hahaha good luck!!!!! |
|
A. Roman
|
Avoid buying ready foods, like coffee or stalls. They may seem little but in time they are a major contributor to your spending. Also, stick with a budget. Not a budget with extreme rules, but a budget that is going to suffice your needs and still has some left for wants ( which should have a definite limit). |
|
C Nasty
|
Be extremely cheap. It's a talent you have to build up. |
|
Ovelia
|
Pull out copies of your statements over the last few months the more months the better and find out where you're making your purchases, ie food, fast food, clothing, morning starbucks, bills etc. (this works best if you use your debit card for everything, if you don't use your debit card for most purchases but rather cash, keep track of your cash purchases for a few months and find out how and where you're spending) You'll be surprised at how much those morning cafe mochas cost you in a month. one you see how much it costs you in a month you'll usually think twice before getting that morning mocha.
If you have direct deposit that can be put into multiple accounts set up a savings account and have 10% (at least) of your paycheck go into that savings account and the rest in your checking. You'll never miss the 10%. If you can't set up direct deposit to multiple accounts a lot of online savings accounts like ING, Emigrant and HSBC will allow you to set up automatic transfers where on the same day every month they will automatically pull out whatever set amount you have. You can set it so it automatically pulls out that 10% of your pay the moment it hits your account.
You can also set yourself up with a weekly allowance. Give yourself say 20 dollars a week or 10 dollars a week that you are allowed to spend on whatever you like, and pull that out in cash at the beginning of the week. Once the cash is gone, your extra non needed spending for that week is done with.
For any non needed (ie that pair of shoes you've been wanting) purchases make yourself wait for at least a month before purchasing, in most cases you'll forget about the item all together. If it's something you desperately want then start saving that weekly allowance you're giving yourself to purchase that item. |
|
therundown2k3
 |
dont buy things on credit! |
|
Grasshopper
 |
Start a savings account and put a little away every paycheck. |
|
John S
|
get rid of credit card and put @ least 200 back every month, it adds up and if you put it in a mutual fund you'll have 40-50k in 4-5 years if you get a decent financial adviser ($30 a month for small private accounts). Mutual funds are usually low-medium risk and have better interest rates than CDs and savings accounts |
|
Rhuby
|
There are all kinds of different ways
you could open a savings account without a bank card- once a week or month go to a teller and deposit money. You'll have to go to a teller to withdraw the money so you'll be less likley to do so.
Piggy bank- one you have to break to get open. throw in 20$ here 10 $ there, it adds up fast
Give yourself an allowance. Put all your money in the bank pay your essential bills and then withdraw your cash for that week - if you run out of money you can't buy anything
Bottom line it's self control. Restrict yourself to 1 credit card at most. If you have a cell phone you don't need a land line- if you have 300 channels and you never watch tv- sell the tv.
I live off of 15,000 dollars a year and spend 9000 on tuition. It's easy to not spend money - you just don't do it. |
|
Frank Castle
|
How can you eat if you don't have any food?
How can you swim if you don't have a pool?
How can you drive if you don't have a car?
How can you save if you don't have any money?
Check your wallet and if you have $1.00 then go to your bank and save it.
Can you survive for a day without that dollar?
If your answer is yes then try the same thing tomorrow with $2.00
Can you survive for a day without those $2.00 USD?
If your answer is yes then try the same thing tomorrow with $4.00
You get the idea.
Do it until you have a year of salary in your bank account and then buy a house. |
|
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
