How do u save money?

Public Comments

1. Prioritize, my friend.
2. I have seen this question may times, it is very tough to answer as everyone is different in there opinion of money. The best advice that I have ever heard that really works, is the pay yourself first. Depending on where you are in life, paying yourself first could mean, taking 10% to a 401k or retirement account, if you don't have one of those then, take a percentage of your pay and just sock it away every time you get paid. You get to the point that you can survive with out it and suddenly you have a big pile of cash, It takes discipline and committment, but once you see the pile getting larger and larger, you will want to save more! Good luck
3. Well the easy answer is to pay yourself first. What I mean by that, is everytime you receive your paycheck from your employer, put as much as you can afford into a savings account, money market account, or something that is going to pay you interest. Once you get a nice size amount, you might want to look further into putting it into some stocks, or mutual funds. Getting interest on top of interest is how many people get ahead in life. But saving is all about disipline. Once you save it, dont spend it. Kinda forget that you have it.....
4. the best way to save money is to live within your means!! Do not spend more than what you can afford. Do a budget...List down your sources of income and your expenses! If your Income is less than your expenses meaning you have been living on credit....see how you can earn more money to finance your expenses and save some. Otherwise your have to prioritize your expenses and see where you can cut down!!