I need ideas on how to save up money?

everything seems to go really well one minute then really bad the next and am talking about money here. What I dont get is my spending, bills, nursery fees, wage etc is all the same (comin in and going out) but i need help with how to save money so the next time am down i have some back up to get me back up.

I aint in debts or anything I am sensible but its also for future plans such as birthdays, christmases etc...

any sensible ideas please!

If you get to this answer & read it & follow the suggestions in my answer, you should have a better idea what you have to do. If not, maybe it will help someone else who needs or is seeking the same sensible answer.

It doesn’t make any difference whether you work for yourself or work for someone else. You MUST pay yourself first. What do I mean? With each and every dime - ten cents - you earn, this is what you should do AND in this order:
1] Give 10% or 1 penny to your favorite charity. Give it to your church, temple or mosque. If you don’t have a favorite charity, talk with your parent[s], relative[s] or guardian[s] about charity. This is extremely important. When you give to and for others, you get back - many times what you give. It doesn’t happen “overnight” or right away, BUT IT HAPPENS. DO IT!
2] Put 10% or one penny into a savings account for yourself. Please don’t touch this money. Let money “grow” by earning interest and providing you with more money.
3] Spend 10% or one penny on yourself. Why? Because you worked for it, You earned it. You deserve it. This could go toward whatever you mentioned in your question.
4] 35% or three and one-half pennies should be put aside to pay your taxes. If you aren’t paying them now, you’ll be paying them soon enough.
5] 25% or two and one-half pennies you should use for your
A] nursery fees, etc.
B] Getting automobile insurance and/or other important items you will find you MUST have and cannot do without - or you might get into deep trouble if you don’t have them.
6] 10% or one penny for a “rainy day”. JUST in case an emergency comes up and you HAVE TO HAVE some extra money to get somewhere or do something or buy something you forgot to buy.

Do these things each and every time someone gives you money. No matter how much or how little it is, do it. This is all part of budgeting and managing your money.

When you take proper care of and properly manage your money, your money should take care of you.

It doesn’t sound like much, does it? BUT when you take that dime and multiply it by ten, this equals $1.00. The percents stay the same. The amounts go up.
I’ll do the same things I just did with a dime - only I’ll do it using $10. This time I won’t use the explanations. [please stay with me]:
1] Give 10% or $1 to your favorite charity. DO IT!
2] Put 10% or $1 into a savings account for yourself. Please don’t touch this money.
3] Spend 10% or $1 on yourself.
4] 35% or $3.50 put aside to pay your income taxes.
5] 25% or $2.50 for the same exact items I described above.
6] 10% or $1 for a “rainy day”.

I’ll do this again. Now, I’ll use $100. Same percent. Nothing changed except the amount.
1] Give 10% or $10 to your favorite charity. DO IT!
2] Put 10% or $10 into a savings account for yourself. Please don’t touch this money.
3] Spend 10% or $10 on yourself.
4] 35% or $35.00 put aside to pay your income taxes.
5] 25% or $25.00 for the same exact items I described above.
6] 10% or $10 for a “rainy day”.

Suggestion: I want everyone to know I DO NOT own any portion of this man’s estate, nor am I associated with him or any one else connected with him in any way. I am not part of the publishing company or an agent or anything else. This man does not know me from Adam AND I don’t know him. I know of him and the wonderful book he wrote. THIS IS NOT SPAM.
You should invest a small amount of money to buy a copy of this book:
“The Richest Man in Babylon” by George S. Classon
Its very easy to read. Its very easy to follow. You can write in it. You can make notes in it. All you have to do is to read five [5] pages - Let’s count 1 - 2 - 3 - 4 - 5 pages of this book - or any book - each and every day.
OR You can leave it sit on the shelf, on a table or on the floor and let it collect dust.

Suggestion: Journal every day on your computer. What you learned and what you were taught. What to do and what not to do.

Here are the two old sayings:
A] "The only stupid question is the question you don't ask."
B] "So, you thought --- and think --- education is expensive? Just wait until you try ignorance."
Due to space restrictions, please ask others about these.

TRUE STORY: When I was about 8, 9 or 10, I wished for something or I wished I could do something or I wished one of my terrific aunts would come home so we could do something.

I said my "wish" loud enough for my wonderful Grandmom to hear. She stopped what she was doing (making bread, I think), took-off her apron and washed her hands. In a very sweet, matronly way, she took me by the hand and led me to the living room. Grandmom sat in Grandpop’s chair and pulled me very close.

As though she was telling me a secret, she said softly, “I’m going to tell you two things I think are important enough for you to know. Number 1: I love you. No matter what you say or what you do, I‘ll always love you.”

I was playing with my hands, looking down at them. I glanced up and looked at her smiling face. I said, “I love you too, Grandmom.” She said, “Yes, I know that. And number 2: Wish in one hand and pee in the other - then see which one gets filled first!”

We hugged. She hugged me a lot harder than I hugged her. She went to the kitchen. I continued whatever it was I wasn’t doing.

I gave you some suggestions and a light down a path. As you can see, you have other choices, don’t you? The rest is up to you.

AND IF you doubt one word of this answer, please print a copy of my answer and show it to your friends, family or anyone you might think may be on your side. Those folks might just agree with me or perhaps you.

I have much, much more information.

Thank you for asking your question. I enjoyed taking the time to answer it. You did a great job - not only for your information, but for every other person interested in reading my answer. Thanks to everyone for reading my answer.

I wish you well!

VTY,
Ron Berue
Yes, that is my real last name.

Set up a standing order to a savings account that comes out of your current account on payday. I have one for £30. Its not much but it builds up well. Get a savings account with a bank book or an internet account, so you are not tempted to spend your savings with a cashcard or debit card. Internet accounts sometimes offer higher interest rates that high street banks too.
Banks like egg, smile, etc online.

simple, set up a savings account in a different bank from the one you use and then set up a standing order to transfer the same amount of money out of your account once your wage hits it.

Before you know it you'll have enough to fall back on when you need it

My husband and I had the same problems....we took on a house payment that was a little higher than we should have, so saving money became a real issue. We learned that by not eating out often, packing lunchs for work, making dinner at home, and shopping ahead for meal plans we saved alot. We also began taking a chunk out the top of his check for savings....I know I make enough alone to pay bills so we took what had been our spending money and cut it in half. Its not easy.....but good luck.

What I found with saving money is that it is the little things that really matter!

People try and save but then they still go out and buy expensive food.

When you are in a shop and buying something, ALWAYS look for the cheapest brand and always say to yourself "Do I actually really need this?" 50% of the time the answer will always be no.

Eat cheap cereals for breakfast and pasta for dinner.

Drink tap water only.

Don't buy DVD's or takeaways or anything like that.

Just buy what you NEED.

Think of any little way you can save money and eradicate it all from your life.

Life will be a little bland and basic for a while but it will be worth it when you have a fatter bank balance.

you need to make a budget, write it all down on paper, and see how much extra you have.

then based on that you disperse the monies

Eg.

if there is 200 dollars extra you place 50 bucks in the christmas club, 50 bucks in the birthday club , and 100 for Just in case

most banks offer Christmas Clubs , you can open 2 , one for birthdays and then open an account with your credit union for emergencies

if you are very trust worthy ( meaning you won't spend it if you know its there, then you can lump it all together in a savings acount, but the problem with that is we forget that someof it is to be left untouched.

I used to have the statements for the accounts i didn't want to touch, sent to my mothers house, this way i didn't get the statement regularly and didn't feel like going on a spending splurge

another really good thing to do is have the monies automatically withdrawn from your paycheck into the accounts , this way its like the money didn't even exist,

try not to use credit cards unless your planning to pay them off everymonth, put most of them away and just keep one for emergency uses.

if after reviewing your budget, you feel that your not able to save? then you shouold try to re think your spending,

what i mean by this is start questioning , your cable bill, you telephone, the cell phone, the gas and electric, heat, and rent

can you start bringing lunch with you to work?

consolidating these bills will and seeing if you can get a service that is cheaper, perhaps a new apartment would be less rent?

start thinking about theses things.

Good luck

Meg

welcome to the real world LOL
Look at areas where you may be able to cut back ... ie shopping, going out etc.
When shopping only but what you actually need and look for a cheaper brand that does not compromise on taste.
If you smoke ... quit
If you drink ....quit or cut down
If you usually go out twice a week/month then go out once.
Look at how much you spend on your utilities bills .... use energy saving bulbs ... turn of things that are not being used ie lights etc and do not leave appliances on stand by.
This may not sound a lot but it will all add up.
Hope this helps.

Option 1) Open a Instant Access savings account, such as the Halifax Websaver
http://www.halifax.co.uk/savings/variablewebsaver.asp

See also The Motley Fool (UK) which has guides on how to save money
http://www.fool.co.uk/savings/compare-savings-accounts.aspx

Option 2) Start investing in Premium Bonds..... can be started off with £100, and you can invest up to £30,000 + have the option of investing £50 a month via Standing Order 'til you hit that amount. Can withdraw the cash investing in them at any time, don't earn interest on them, but can win prizes in a monthly prize draw.
http://www.nsandi.com/products/pb/index.jsp

Check out www.emigrantdirect.com - they give you 5% interest on your savings!

Set up a direct debit which will come out of your current account every month just after pay day (doesnt have to be much, even £10 a month is better than nothing). That way, the money isn't there for you to spend, and it is building up in a savings account.

Also, make sure the savings account you are using gives you a good interest rate.

well you must be a good money manager to not be in debt - the first person you pay each payday is yourself -- only if it is 5 dollars and put it in a jar mark rainy day and do not touch under any condition -- if you want meat for supper eat peanut butter and jelly -- as the paydays go by try to increase the payment to your self a little bit at a time -- after a few months you will not miss this little bit of money and you will have a little nest egg growing on its own!!!

Here is an investment that can give a 80% interest on your investment in less than 12 months.
For example.. if you invest $15,000 - you will get up to $19,000 12 months later.

http://www.geocities.com/mikeerv

spend only on necessities... why not set aside 10% from your salary and place it in a savings or an investment paper for short term. a bit plus is your willpower to want to save

Well I have this glass jar beside my bed and every night I put any $5 notes or any change into it, and its hard to get the money back out because you have to keep turning it upside down to get it all out but that helps me save my money, and when it was full I unloaded it all and I buy birthday presents and Christmas presents, I usually have about $150 after a few weeks... I'd say that I'm a lot younger than you though so I dunno if you'd do it but I just thought I'd tell ya what I do... Hope I helped...

Put a debit on your account for a bit less than you can mange to spare to be paid into a building Society (don't know what you call them in the US). When you get a pay rise put a small portion of that in as well - what you've never had you'll never miss. Open another account and put a bit in each payday (debit from your account works best in my experience - you can't forget or decide not to, for Christmas etc. Don't be too ambitious on the amounts a bit less than you can afford works best. I did this for years before I retired.
Well done for no debt. Good Luck.

Just start investing in mutual fund month by month

You might want to get on a Budget. Make every dollar count. Pay yourself first on that budget and put the money where you wont likely take it and spend it.use an account at INGdirect.com or emigrantdirect.com. those accounts have high interest and you can not go and just withdraw the money. so impulse shopping is not going to happen as quickly as if you have cash in hand. pay all you bills, count your blow(personal use) money and food as bills as well. whatever is left over put it towards savings. this is a great way to find out more about money go to www.daveramsey.com. Hope this helps

just be really hard and stop buying things you dont need and try and save a set amount each month. or you could get a higher paid job.

You should make out a budget for yourself i find that it helps an awful lot and i am a dreadful saver..

1. First you need to figure out whether you want to have a weekly or monthly budget (weekly is better to start out with)

2. You should outline the bills that you need to pay every month or week depending on the budget you have chosen. You should allow an extra €/£/$50 for every bill this way if you don't spend it you can add to your savings or get a treat for yourself (better to avoid treating yourself in the first few weeks).

3. You then need to add in extra costs such as entertainment which might include events such as a usual night out, birthdays (expected or unexpected) and other items such as cigarette's or phone credit etc.

4. You will then need to add in a section especially for emergency bills such as hospital, doctor, or dentist bills if you do not spend this money that week or month you should also add this to your savings without accounting for it..

5. Finally you need to add in a section for a certain amount of money you would like to put away every week or month you should set a certain amount that is not impossible to keep on top of. You will also be saving extra money if you follow the last few tips i have given you.

Make sure that all your costs add up at the end of the budget.

When you are making out your first budget I think you should do an estimated one for your first week/month and keep note of what your actual expenses were this way you will be able to compare the two budgets and know where to assign more money or assign less money..

I hope this has not come across as a load of jibberish and i hope you can understand it.

Goodluck

Write out a budget and stick to it!! This is the best way to control your money. Then whatever is left after you pay your budgeted bills, put into savings and dont touch it until you have to.

And, you can make a place in your budget for gifts and such and save it that way.

Put like 10% of your paycheck (or most of what's left after paying bills and having fun) into a bank account that you don't normally use for every day spending. Use energy efficient lighting. Use a bike or public transport.

A big 5 gallon water jug to put your lose change.

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