 Really, how difficult is it to become weatlhy nowadays? |
| I am curious, for those of you who are wealthy, has it been a tough road full of sacrifices and hardship, or have you simply done what came naturally to you? I guess what I am getting at is this, do ... |
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 How much emergency money specifically do u need for life time? |
| i mean how much money would u like to have throughout your life just to cover emergeny things like unemployment or illnesses, assuming u earn as much as u spend monthly and this amount of money is ... |
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 What are little ways to save money in a household? |
| my husband just received a 40% pay cut, and while we'll still be okay (our house is paid off, 2 of our three kids' college is paid for)we'll be saving less than we have before. we are ... |
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 WAMU: Can I deposit cash through the ATM? |
Does anybody here have a washington mutual account?
Do you know if you can deposit CASH through the atm?
Just got off work and the banks are already closed so this is my first time wanting ... |
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 Whats a good way for a teenager to make money? |
| Im very responsibe because I don't like asking my mom for money and I don't like people buying me things. I feel more sucessful when I do it myself. The only thing is that I don't get ... |
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 Northern Rock share price? |
| I bought some Northern Rock shares this morning at 300p. They are now trading at about 270p. Could they slump further? And if so, by how much?... |
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 I would be inheriting $50,000..................... HELP!!!!!!? |
| OK, here's the story.I've got 3 bros.I'm the youngest the eldest already receive his inheritance he immediately got married & they are now a happy family.The second also got his ... |
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 How do you tell 25 classmates a trip was cancelled & they lost 100.00 deposit? |
| the trip was cancell due to bankruptcy of the bus company. How do you explain to classmate and still uphold their goodwill toward you.... |
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 What to do? |
| What would you do if in about a year and a half you were going to move to a different state. You have no money saved up, but your about to get a pretty big amount of money. Would you keep it and put ... |
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 Ways to make money from home? |
| I am a stay at home mom looking to make some extra money, I don't want to pay to start, any ideas?... |
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 Are there any legit payday loan companies out there? |
I'm really tight on money and need atleast $1000 by this time next week. If there are anyother options, please let me know.
Additional Details
P.S. The answers so far are helpful, ... |
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 How can I make sure I get my money back? |
| A friend of mine owes me £2000. It's built up from me lending him money. The problem is I've got no proof that I've lent him this money and everytime we fall out he threatens to not ... |
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 Do I just not make enough money? |
| I am 34 and I make roughly 65-70 grand a year. I live in a suburban area that has upper price homes compared the rest of the country (I know people who are shocked at how little house you get for the ... |
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 Any fast ways of making money online? |
| I really need money fast, like by sunday. Please help =]... |
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crytle | How to begin saving money? |
I'm 26. Next month (June) my fiance and I will be moving in together. He just got his first job w/in his field of study and I have a job but I barely make enough per week to cover my bills alone! Neither of us are very good at saving momney, mainly becuase we've both lived at home until now so we havne't really had a lot of bills to cover ourselves. How can we begin saving so that we are not in poverty and we are able to enjoy our new life together?
Additional Details
We each have our own personal checking accounts. We each have bills such as rent, car payments, insurance, student loans, etc., and our biggest payment yet--our wedding. It's very frustrating because it seems like we cannot afford to do anything because we never have any money. I hate being in that position. Does anyone have any suggestionos on how to deal with this? I'm well aware that the best way to save is to simply not spend, but you can't just forgo bills, so I would appreciate only people who are geniunely willing to help- respond.
Thanks! |
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gnarlywavesdude
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I had to borrow money from my wife to buy her an engagement ring. I cashed in my 401K to pay her back. When we got married we had $27,000 in credit card debt. She made us do a budget so we could see where our money went and prioritize our spending. Eight years later, we own a house, a timeshare, have two children, and only $4,000 dollar in credit card debt.
Step #1: Make a budget listing all the spending you have now. People generally hate the word budget because they think it is restricting their spending. Instead, view it as prioritizing your spending. The first things that you will spend on will be rent, food, car/gas, utilities, etc.
Step #2: Look at all other spending. Do you want to have HBO and premium cable, or can you just purchase basic cable and save an extra $6.99 each month? Do you subscribe to a newspaper and only really read the Sunday paper? There is another $3.00 per month. Do you eat out to dinner (this includes pizza, fast food, take out, etc) three times each week? How about only twice and there is another $20 each week or $80 each month.
Step #3: Start reading your credit card statements and stop making late payments. This was the biggest help to us. Not only is that $29 that you could save instead of giving to a credit card company, but late payments make your credit score go down and then you only get credit cards with high interest rates. Check all the interest rates of each credit card. If you receive a credit card offer of a low interest rate, see if your credit card company will match it. If not, transfer that balance right away. We have found the credit card offers that work best to decrease you debt are those that have 4.99% for the life of the balance, instead of $0% until next August. MOST IMPORTANT, once the balanaces have been transferred and you receive your new credit card, cut it up, throw it away, put it in the freezer in a ziploc bag, but do not use it. ANy new purchases will be at a higher rate and will not decrease until the low interest balance is paid off completely.
Step #4: Save money for something small. If you want a new sweater or an iPod or a weekend vacation, choose the goal and start puuting cash in an envelope. This will start your savings habit and reward yourself at the same time. As your cash envelope becomes more, then you can move it to a savings account.
Hope this helps. |
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VATreasures
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The first step is to find out how much money you need to spend(rent, insurance, car payments, etc). You will probably be surprised at how big a percentage of your take-home pay it is. You may be able to reduce some of this by deciding that you don't really need some of these things. I think cable and cell phones things people can live without if they need to save money.
Then look at your discretionary spending. Are you happy with the purchases you make? Would you be just as happy spending less frequently(Starbucks 2 times a week rather than every morning).
This exercise might also give you serious thoughts to scaling back your wedding plans. For most couples money spent on a wedding would be much better used as a down payment on a house when you are ready to buy.
It sounds like you fiancee is starting to get his career on track. At some point in the near future, you might look into what it will take for you to get a job/career path that pays "enough".
Good luck with your life together. |
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clairesbaker
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#1: Open a free savings account (www.ingdirect.com is mine, it's great).
#2: Start looking for new ways to cut back - you don't NEED cable, lower your cell phone plan or get a joint one, eat pb&j or cereal everyday....you can ALWAYS cut back more - really you can.
#3: Watch each penny - save your change and don't spend a dollar without thinking twice.
#4: Consider selling your car for a cheaper one. Leasing is NOT a good idea. Maybe you don't even need 2 cars - try that.
YOU CAN DO IT! It takes discipline and hard work, but you will save if you put your mind to it. |
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Strawberry
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There is something called Ethical saving, have you heard of it before?
well,Ethical savings, so called, have risen to prominence in recent years. For many people, saving money is an opportunity to back their principles and save with those who back certain causes.
For instance, if you are against environmental damage, then you can look for companies to invest in that are looking to do something about this and improve the environment, and then buy into funds that have their stock in, for instance.
If there is an important item you want to buy, perhaps one that is more expensive than what you would normally spend, then the best way to get enough money to buy it is to save regularly. You have to be quite disciplined but once you have worked out your goal, do your best to stick with it.
An easy way of working out how much you should save each week is to decide when you want to make the purchase, then divide the price of the item by the number of weeks and this figure represents how much you should aim to save each week.
You can save money quite easily by making just a few minor changes to your spending habits. One popular method is to keep a jar in the kitchen or your bedroom where you put all your loose change at the end of each day - it is surprising how quickly this will mount up.
You should also look at how much you spend each week, and work out if there is any area you could cut down on or get rid of completely. Cigarettes, meals out, drinks after work can all add up, so even just by lowering the frequency of one such habit and saving this amount every week will help.
If you want to put away a reasonably large amount every month, the best way to do it is to set up a standing order with your bank so that the day your salary goes into your account, a certain amount is transferred to a savings account. This way you don't have any excuse as it is done for you! |
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odysseus2i
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Develop a savings habit. Put money away, habitually, every time you receive money, even it's a small amount like $10.00. Like others suggest, deduct a percentage of your earnings and stash it away, somewhere, until you amass enough to invest in a wiser strategy like an IRA or long term investments like mutuals. Begin with the habit. Develop your discipline and will then, when you have the discipline, invest your wealth in wiser solutions. good luck to you. |
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audbarr23
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Most people are saying just put x amount of your salary into a savings account but from my understanding you and your fiance barley make enough money to cover your current bills.
Start checking craigslist for people wanting help with odd jobs such as yardwork or help moving. Sell some things on ebay. Look around and see if you can find a better paying job.Create a budget and stick to it. Good luck
http://anyonecaninvest.blogspot.com/ |
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cosmic_warrior_77
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put money in a bank. |
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Osman B
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go to www.ing.com and open an orange savings account. APY(annual percentage yield) is around 4.75, which is higher than any other standard bank. This is an on line bank account. There is no minimum and you can schedule electronic transfers from your current checking account to this savings account. I use it and very happy with it. If you want you can elect to receive paper statements as well at no charge. |
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Doing the Right Thing
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First, I would discipline myself and put a certain percentage or amount of my paycheck into an investment account. You and your spouse may qualify for a ROTH IRA (none of you are making over $100,000/year right?). IRAs invests in mutual funds and in the past 25 years, mutual funds had an average rate of return of 12-14%, and lots of crazy stuff has happen in that time (like September 11, War in Iraq, Enron, etc.)
I would not put too much into savings account. There should be only enough in there to pay your monthly bills.
I know you want to start enjoying life now, but wouldn't you rather stay retired when you retire and not have to go back to work? |
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romans_r_us
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Why? do you think paper faces will save you from sure tribulation and sadness once the "Angel" of death is worshiped by young idiots who have no will of their own,
because they love to glorify people in the T.V. box and on
magazine covers. These young humans' are just like wild monkeys with no clothes. |
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D
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Open an account that has penalties for early withdrawal (start with small CDs or something like that).
Save a % of your gross income in an account. Cut the money off the top that way you never get used to spending it, so you don't miss it.
Some companies will let you divert funds from your check into an account (divide your direct deposit). Do that and you will never get used to seeing the money in your "spending" account. Out of sight/out of mind. Make sure that the account in interest bearing.
Learn about other saving options at http://www.americasaves.org/ or www.bankrate.com
Good luck! |
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