 How do you create a budget? |
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 What would you do if you were given a trillion dollars right now? |
i would just go crazy and run to the store and freaking buy everything!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...
then i would just give some to my family and school and keep the rest all to my ... |
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 What is the best way to save money? |
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 What would you do with $50,000? |
| I was in a car accident about 6 months ago and had a fracture in my lower back. I wasn't driving and I didn't sue the driver. My back is healing slowly and I’ll be 100% sometime soon. His ... |
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 Why is this world obsessed with money? |
Hello,
I'm very curious,
Personally I would give it all up,
I would rather have my happiness than money.
What are your opinions on this matter if ... |
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 What would you do with a billion dollars? |
| If you were given on billion dollars today what would you do with ... |
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 Im 13 yrs.old what kind of job can i get to earn some money? |
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 How can teens earn money? |
Without a job i might add?
And no internet sites please :)... |
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 I have $150.. what should i spend it on? |
i need real suggestions! i just sold my cell and i have money and i don't know what to do. lol
should i just save it?
probs.
well, thanks!... |
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beeabouttown | What would be the best way to save some money? What have you done? |
Additional Details
Thanks so much for all your answers. Most of them have definitely help-and yes, i do need to do some planning.
I think that my main spurge comes to eating out and not packing a lunch to work, especially since its so easy to just go to down to a shop and get a salad or sandwich. Thats where I'll start and take it from there.
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 |
 
dancingrainbowdream
 |
Put it in a safe spot then 'forget you have it'
1. every pay check take a certain amount "off the top" then tuck it away-no matter what!
2. keep a saving account that you NEVER TOUCH!
3. leave all credit cards at home.
4. give myself a cash allowance every paycheck and only, I mean only spend that cash during the week. No ATM withdrawal or ATM purchase transactions.
5. make my own coffee and bring my own sweet bev. out with me instead of buying it 'on the streets'.
6. make my lunch and stick to only eating that for lunch-not fast food,etc.
7. never lend out money...
8. don't give to panhandlers-let them get welfare, community care/donations, or motivate their own minds and discipline to take care of themselves.
GOOD LUCK |
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peanut1973
|
Use cash instead of cards at all times. I makes a huge difference and you realise where it all goes to. I now take out an allowance at the beginning of the week and it has to last me. The more sensible I am during the week (taking butties to work, not buying music or snacks), the more beer money I have for Saturday night. It's a great incentive! |
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pvpd73127
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I started transferring some of my paycheck to savings as soon as I got paid, which helped. I gave up Starbucks, except for occasionally, and I cook at home more often instead of eating out. I think it's easier to save money a little at a time. Little changes really add up after a while. |
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stdaveuk
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Buy a bike and cycle to work. Get rid of your car !
We've bought another freezer for the shed, and we bulk buy food from Cost-co...works out a hell of a lot cheaper !
Got through your finances, and see what your paying out for in a month. then cut down in areas where you think you don't need to spend money ! |
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budaklolo
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i write everything that i spend down. because after i wrote everything down, then i know how much i spent and where to cut off.
the i stopped using credits card that has monthly or annual fees. i cut all my credit cards except those with no annual fees. i still keep one for emergency or to book flight tickets on line.
but everything else i used cash for purchases. i like to use the enveloped method where i allocated cash for each expenses in marked envelopes, like an enveloped for bills, for groceries, for rent and for my car payments. this so i wont over spend my cash on something frivolous. |
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My Big Bear Ron
 |
I have saved $thousands by NOT eating out.
I cook for myself, and love it. I buy those rubbermaid plastic containers and make my own lunches for work. Sometimes I cook up enough of something to last for several days -- plastic containers YES!!!
Mind you, I buy top quality food at the grocery store. I get only what I really want, and I buy only a lil more than what I'll likely need.
I stop buy candy bars........ eat apples instead.
I NEVER go inside of a convenience store. I pump my gas, pay at the pump, get in the car and go.
I save enough every year to do some really good traveling.
Don't order FF every time you get a burger.
When you eat out, drink water -- you'll save over $ per drink.
Don't supersize anything. Instead, go for variety. |
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CheetosRock
 |
Some stuff I try to do as much as possible:
Think twice before spending.
Use coupons as much as possible.
Shop the clearance racks
Thrift Shop
If you get a raise, put the extra pay into an account like you never got it.
If your employer has a 401k, put as high of % you can possible into it.
If you get a bonus or refund, save it all.
When going out, take 1/2 as much out with you than you normally do, then save the other half into an account.
Put all your loose change into a piggy bank, bust it open to use for xmas gifts...keeping whats in it as your budget for everyone! Make gifts if you have to.
So many more ideas..... |
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quietwalker
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The absolute best way is to pay yourself first out of every single pay check and every dollar you earn in any manner. Put ten percent into a jar, a box, a drawer, a savings account, etc., and don't spend it for any reason other than what you're saving it for. If you have payments on other things, call of your creditors and tell then that you're going to have to send them less money and know before hand the approximate amount you'll be sending them. Explain that you have acquired an added expense that you simply cannot avoid and that you have to restructure your payments to everyone. Then save that ten percent and guard it like a dog with a ripe bone.
Another thing to do is just don't spend money on what you want. Spend it only on what you absolutely need and nothing else. You don't need pizzas, for example. If you like going out for pizza, count the money that can be kept instead of spending it on something you crave. Since pizza isn't a real need, such as a roof over your head, keep you money in your pocket the next time that urge strikes. Do the same with all urges. They are wants demanding fulfillment. Take care of your needs and ignore your wants. This will help you cut your spending.
My wife and I have been practicing what I'm preaching for twenty years. I wish we'd have started earlier.
Good luck. |
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Iain T
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Stop drinking for a while. You save a fortune. |
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Okker
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Self-discipline. Read "Rich Man Poor Man". |
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Hoa N
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First of all, spend less than you make
save 1000-2000 for cash emergency in case your car broke down or house problem, or doctor appointment,so you stop use credit card
control the urge of speding fansy stuff like cloth,car,.basically live within your mean, do not try to live like evryone else, they are broke by suing credit card finance their way of living
In the meantime, try to learn invest the right way
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
>...http://www.streettalklive.com>... university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 73,000.00 and 30000.00 in taxble account. by follow simple rule |
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W0LF
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DO NOT READ RICH MAN POOR MAN
Everyone I know who's gotten excited about that book alienates every friend they have with their cheapness and general holier-than-thou attitude. None of them are rich.
Track what you spend. Get microsoft money or just keep a notepad and keep track of what you spend each month on things that aren't fixed costs like rent and utilities. Seperrate costs like acohol or movies and you'll quickly see where your money is going in proportion to what you're getting out of it. I found out that eating out, even inexpensively, instead of cooking was draining my savings account.
Instead of depositing all your money into savings allways put an amount, $25 or more, into your savings account. Don't touch this money unless it's an emergency. It begins to add up rather quickly when you're not watching it. |
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shady
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Fast money ? sell some fo your old things ... |
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RAMSBOTTOM
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PAID MY MORT AGE OFF 10 YEARS EARLY |
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Mopar Muscle Gal
|
have money put into your bank account/credit union by your employer before you get your check
401-K
save all loose change- only spend bills
take all loose change and put into a big jar or metal tin
when full.. take to your bank for deposit
save and return empty bottles |
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scallywag
|
First of all, save for a reason otherwise, you find yourself dipping into your saving fund. Next, pay yourself first!! So after taxes and essential bills, e.g., mortgage or rent, have a standing order to another savings account to make your monthly savings. Also, bear in mind that the best savings rate you could have would be to pay off your debts. You're unlikely to get a savings rate that will pay you interest after tax that is higher than the amount of interest you're paying in debt.
All the best. |
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xlonglrg
 |
If you have access to direct deposit, pay yourself first, then pay everyone else. |
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thetravelinggardener
|
put it into a place where it is really difficult to get your hands on until the need justifies the means. |
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angel_karen24
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This is more a long term solution. Save all your coin change instead of carrying it around. Invest in a cheapee coin sorter. Open a savings just for it. And periodically deposit your dough. I managed to save a couple hundred dollars in 3 or 4 months. It sounds silly but WOW it really adds up fast! |
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The Invisible Man
|
Try to do without a car. That equals no loan, no interest, no gas, no repairs, no insurance. Buy a bicycle if your town is small enough to get around in or if you live in a large town where just about everything you'd need is close by (grocery, doctor, dentist, department stores, post office branch, bank, etc.), If that doesn't seem feasible, consider a motorscooter (gas mileage alone will save you alot).
Don't buy a freezer! They are electricity HOGS. Believe me, you end up paying full price for that bulk, discount crud sooner or later. Better is to leave all that frozen stuff at the store where it belongs. Let the grocer pay high electricity bills, not you. Buy and store only what food you can go through in a reasonable time (say a week). Only store long-term what stores well at room temperature. Otherwise you are just making the light company rich. Use airconditioning only when it is unbeareable otherwise. In winter, don't use the central heat. Just dress warmly (example, don't run around the house in winter with your shoes off!). If you have a fireplace use it. (Please use a fireplace screen!!!) Wood fuel is cheap. (You don't have to buy cords of wood---you'd be surprized at how much wood can be scrounged from your community.) Sunlight is free! Open those window shades during the day (unless it heats a room up too much---only then, use the electric lights during the day).
Plant a garden. Grow only what grows easily. You'll have to ask around or experiment to find that out.) Raised bed gardens are easiest to care for. (That way you don't have to go buy a tiller.) Or just use your flower beds for a veggie garden. Plant a pear tree (no maintenance at all and they bear every year, heavily, especially in Texas---up north then try an apple tree.) If you don't have a predator problem, raise chickens (worm 'em every now and then with piperzine citrate---other than that they're virtually non-maintenance). If dogs ad predators are a problem, then just pen the birds permanently. (You may even make a little selling eggs.)
Stay away from credit cards. Unless you use them sparingly and pay off in full each month, you're not even getting convenience at all from them.
Unless your job demands the suit and tie routine, dress casually! Jeans and t-shirts are so much cheaper than other clothes, more comfortable, and easier to care for.
Take any extra or part-time work you can find and put that income into a dividend reinvestment plan (DRIP) with companies that have such. CenterPoint Energy (CNP) sells direct to you the stockholder, and dividends right now are higher than 4.5%. Use it for retirement. |
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Mr. V.P.
|
Make a budget and stick to it. |
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NANCY K
|
Have a savings account figured
right into your budget. such as Rent,
electric,water,phone,groceries,
gas,cable, savings. Make the "payment"
every payday and pretty soon you
will have quite an amount saved up. |
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deby k
 |
MY HUSBAND PUT 10% OF HIS PAYCHECK IN THE SAVINGS ACCOUNT EVERYWEEK. |
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tweetybird
|
stop going to the mall.i let my mom pay for my things. |
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BIG DADDY
 |
don't spend it |
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--------
|
HI!
See exactly how m uch you make and how much you spend and list a savings as a bill you have to pay and the money will be put aside.
Another great way is to join a "christmas plan" or some savings plan at work where rthe money is automatically taken out. If you do not see it you wont spend it!!!! |
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moment_in_passing
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Share expenses. I live with two other rent paying adults and it helps a lot. Also, make sure you get good value for the money you do spend. Make spending choices rationally, being aware of all your options, rather than emotionally and by habit. You can bring water and a nice packed lunch for example, and both save money and eat better than if you bought restaurant food. With planning, it becomes evident that restaurant food is a big waste. People have to work a lot for the disposable income to eat out. Which brings up my last method.
Take your net monthly income (after taxes) and subtract the total of your necessary monthly expenses. The resulting amount is your monthly disposable income, or money you can choose what to do with. Then divide this disposable income by your hours worked over the month, and think of that as your disposable hourly wage. Suddenly the value of things becomes much clearer. For many people, this wage is small, and ordering that pizza delivery costs a lot more than it's worth! It puts things into perspective so you can make better choices. You are usually far better off buying expensive groceries, such as out of season fruits, than eating out. Still spend and enjoy things, but get value.
Keep records of waste. What food do you throw out. Often we buy certain foods and just keep throwing them away.
Oh ya, if ya really wanna pinch a few pennies, some bakeries sell day old bread really really cheap. Sometimes I get bread at about 1/4 normal cost at a nearby bakery, and it's fresher than the avg loaf in the store at just one day old. I buy a few loaves to freeze and eat in latter weeks. |
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MALicious
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I don't buy anything that I can't pay for. I use credit cards, but only if I HAVE the money already. I pay them off every month and therefore earn their rewards, but do not pay interest.
Try to eat out less, read labels and such. I also think, do I NEED this, WANT this... or what and go from there. If I NEED it, I get it... If I WANT it... I think twice...
Good Luck! |
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alwaysright
|
do NOT use credit cards |
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wsm0628
 |
For starters,Stop the excessive spending like going out to eat,shopping for clothes or buying things you dont need.Open a savings account.If your employer has direct deposit available,ask that Percentage of your check goes into savings.You will not see it or you will not miss it.
If you are planning on retirement;Look into several 401K or Roth IRA you can start investing in.The more you put in;the better off you will be when you retire |
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CUERVO
|
It depends how you spend you money .... if you go out every weekend to get drunk and dancing then you wont save much money ... what I do is; I have a bar at home ... planny of bottle ... all bought them costco ... I start drinking at home, so when I go out i only spend in 2 more drinks and that's it ... I always get to go to parties where I can get in the guest list ... I don't really pay for cover ... how do you do that??? put you email in a nightclub web site then they will send invitations. I don't drive ... gas is too expensive and I rather take public transportation to work, do groceries and everything else. I have 3 accounts .... checking, saving and a CD. if you get paid every 2 weeks, Think about what you have to pay first (bills, groceries, etc), then calculate how much you can save and how much money you need during 2 weeks ... I used to be broke like you ... the I put a little of initiative ... in 6 month I saved almost $10,000 ... no kidding. |
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