what is the best way of saving money?
i live with my in-laws and have to pay rent on top of that me and my husband are the only ones that buy Groceries and everybody there eats it. we have been trying to save money but every month we have some bill to pay!
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- Make a list of ALL your expenses. Get rid of the things that you do not need. Stop buying new clothes, etc. Buy food that is nutritious yet cheap like rice and protein powder.
- You gamble your money and win! Then you will have lots of money to save. Put it in the saving bank!
- first keep how much you have to your selves 2nd mark your food and tell them that you are going to charge them double the amount it cost if they eat it. but the most important thing is to take 20% of your total gross earnings per pay check and put it away into a savings account learn to live on the 80% no matter what. it's the 20/20 plan 20% for 20 years and you will have a good nest egg for the future retirement
- SIMPLE DONT SPEND IT !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
- first calculate your monthly income . then use the money carefully.
- Limit your groceries expenses by giving your in-laws a fixed monthly allowance.
- It can be tough, but go through your receipts for a month and try to figure out what purchases and expenses you can safely eliminate. Concentrate on expensive luxury items, including things like five dollar cups of coffee, cartons of cigarettes, junk food and the like. When you've figured out what you can eliminate, tally up the cost and decide to make that what you will save each month, at least as a starting point. Then, and this is an important thing, set up an *automatic* savings plan. An automatic savings plan saves you from having to remember to deposit the money each month. It also keeps the money out of your hands, making it easier to resist the temptation to spend the money. I recommend saving it in an account with one of those direct banks that pays a high interest rate.
- is to make money
