Help With Saving Money?

Im trying to save up money and stop living paycheck-paycheck so i can move out. what is a good percentage per paycheck to put away into savings? any other tips anyone can give me? thanks a lot

You should put away 10% of each paycheck, but this is just for permanent savings. Put away extra money on top of this to be used for expenses.

At least 25% and if you can handle it 35%.
You also need to stop spending money on things you DO NOT REALLY need.

Cigarettes, Fast Food, things from the gas station, coffee, - no matter how inexpensive you THINK it is - don't get it... Put that money in savings. Keep a change jar in your house also.

Most times people spend what they make - the more they make the more they spend - and that's the problem. Most of us do not live within our means. You are supposed to have 6 months worth of bills saved up solely for an emergency... It's a lot more difficult for some of us, me included.

Suzie Orman is a great financial advisor and she's on tv, not sure which station but if you are ever home and see her show while flipping through the channels - watch it. You'll learn a lot! Good luck!

Always pay (save) yourself first, then your bills. Try for at least 10% of your take home pay.

That depends how much you get.

You should put mabey 1/4 (25%) or mabey a lower percentage of 10% of your paycheck into savings and use rest for things like bills, food, water, etc...

be ambitious...live modestly and go for 20%

20-30% and try not to spent much money in boolshits.

Personally, I save 10% but that's something I've always done. If I get a bonus or a tax rebate for any reason, that goes into savings too, so technically I probably save more, but not everyone will end up with a rebate or a bonus.

A good tip to start off saving is to spend an entire month writing down literally everything you spend. By month, what I mean is from one pay date to another, so if you get paid today (January 15th), start writing it down today, and keep writing it down until February 15th. Every single little thing, from the weekly food shop (keep the reciepts so you can track the items you buy) to a packet of tictacs. By doing this, you will see exactly where your money goes. When you have done one month, spend an evening sitting down and catagorising your spending. Make three lists, headed Essentials, Non-essentials, and Luxuries. Essentials and Luxuries are obvious catagories, but the Non-essentials should be things that make life easier for you but that you could live without. They are not frivalous enough to be considered luxuries. Once you've done that, you need to decide the things you can cut out. For example, if you buy lunch from a shop every day, start making lunch at home and taking a flask of coffee with you so you don't have to buy that either. If you think about how much that costs for a day, a week, and a month, it quickly adds up.

If you keep the record and then cut out things you don't really need, you will not even notice the 10% going into savings, as you will more than likely be able to get that much from the cut out things, and with any luck, you might even be able to save more.

My other tip is to not get carried away with the savings. It's tempting to try to save more so you can move out quicker, but you'll only end up depriving yourself of all little luxuries you work so hard for. Make your targets realistic and they will be achievable.

Good luck!

1. I say clip coupons all the time and buy sale items.

I once helped my family turn a $200 grocery bill into a $80 bill for scan and clipping coupons. trust me it is worth it.

2. Put all coins in a jar then cash them in.

3. Buy out off season clothes for cheap at places like plato's closet

4. research sales online

5.research the lowest gas prices in your area ( don't have to anymore)

6. have a set amount you put away if you have a job like 15%

7. set financial goals

if i were you i would go with 10%
it would help just manage your money better~!

you save money following these step...

example: you earn monthly 10000 rs how to inverse

1.you put 20% in mutual funds
2.you put 20% in share market (or)Land
3.you put 20% in LIC
4.you have 20% for your personal use
5.last 20% invest in gold

this is my way.... u think and save your money
take care

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