How do you save money?
We are very tight for money and I wanted to know how do you save money? Anyone out there has any tips on how to save on everyday things, groceries, and kids’ things. I guess what I really want to know is how do you make your dollar go far? Thanks for the advice in advance.
Public Comments
- Don't spend money.
- you dont!
- Sign up for email promotions at stores - i get bestbuy and barnes&noble discounts. Pay off debt. Get a better-paying job. It's more than possible. Compare Internet prices, cable prices and phone prices...shop around for the lowest. Put your money to work in a money market account at the bank or a CD - you'll earn about 3-5% per 6 months. Sell things you don't use or need. And your best answer: Get a better-paying JOB! Do it. Moonlight. Email me for ideas BusinessViking@yahoo.com
- stop earning if u don't want to spend... As u spend more u will earn more...... Really
- I can relate to what your saying, and Its hard to save money when you only have a little . make your self a budget. and only get what you really need. and what the children really need. All my money that I make goes straight to bills that leaves me with very little spending money. I only get what I really need. You can shop at aldi's if you have any store out there, good luck. you will be fine.
- The best way to save money is budgeting. A few years back I seemed to never have any excess money after my bills were paid. The first thing I did was purchase Microsoft Money, and the software seriously changed my financial habits. I would recommend using it or something like it to organize your spending. Use it to make a plan to pay off your unsecured debt first, i.e. credit cards. Also a good tip when using the software and you are setting up your monthly expenses, make a bill to yourself. Meaning a payment into a savings account. Try an online savings account through ING Direct or HSBC, you get rates similar to CD's and you don't have to give up liquidity and it's FDIC insured as well. The software gives you a cash flow forcast for any range of dates you wish. It really helps in figuring out how much you can save weekly, monthly, etc compared to your monthly obligations. Really be critical on your spending as well, look for what they call the "Latte Factor." The Latte Factor is that daily trip to Starbucks, that two or three trips to the vending machine, or going out to lunch instead of packing something. Find yours, then start saving that amount daily. You will be amazed at the little nickel diming we do everyday that we do not realize. These little purchases add up to $10 or $20 a week usually sometimes even more! Another great way to save is DO NOT try to keep up with your neighbors or friends. If Bob and Jill next door got that new plasma tv, do not think that you need one too. Most likely Bob and Jill dropped their tax refund on it, or are making monthly payments to afford these luxeries. Too many Americans look at the finer things in life in monthly payments. Also, too many Americans have their paychecks, tax refunds, raises, bonuses spent even before they get them. If you haven't gotten your tax refund yet, when you do get it use it to pay off some debt, if you don't have any debt, put it into the savings account I mentioned earlier. If you don't trust yourself with having it liquid put it in a CD at your bank. I hope some of these tips help. I know its common to think you need a better job, or a raise to get ahead, usually that is not the case, its just that we over expend ourselves to thinking that is the only solution. Good luck to you!
- 1) Don't go to Malls unless absolutely necessary 2) Open a HSBC Direct/ING Direct account and put all your savings in them. This way you a) wont withdraw often and b) earn interest 3) Make a list and then goto SuperMarket (walmart) and get only necessary things 4) Don't buy any Electronics unless necessary...lot of depreciation in them 5) Never buy a NEW car, let somebody else take the depreciation for you. 6) Commute less : a) Less Gas b) Less Mileage on car c) Less accidents 7) Cut coupons from mail and newspapers 8) Use internet for research before you buy, Find deals on fatwallet.com / slickdeals.net and then buy stuff. 9) Don't waste food and try to cook and eat at home. 10) No diamonds, Jewelery or anything fancy...get artificial if needed. 11) Negotiate prices on everything that is not sold by a retail store 12) Price match stuff if you can find it cheaper after you buy. 13) Wait for End of season sale, for example buy Winter Clothes for next year when no one else is buying them and when stores have deep-discount/Clearance sales.
