retirement oz


how 2 save money?

Public Comments

  1. Put it in a glass piggy bank that you can only open by breaking it. That way you wont break it.
  2. Put some away with every paycheck - if you have direct deposit, open a savings and have a certain amount go directly in there so you never see it to spend it.
  3. dont spend so much and put all the money from your pockets on a piggy bank
  4. Pay yourself first!!!! This means when you get your paycheck and are doing your budget paying bills make yourself the first bill and put some money in a savings account. Once it's there forget about it like you have just paid a bill and you no longer have access to the money.
  5. The best way is to put your money in an account you don't see all the time, before you put it into your "everyday" account. Start out small and build every time you get a raise. For example, if you can afford 5% now, put that away. When you get a raise, put 1% more into your savings. If you can only afford 2%, start with that. Every little bit helps. In the meantime, if you have any debt pay that off, beginning with the highest interest rate. Pay the maximum you can on the highest interest rate account and minimums on the others. When the highest is paid in full, close it and pay the next highest interest rate down the same way. Keep the lowest interest rate card for emergencies once all accounts are paid. Once they're all paid, take all the money you were paying on debts and put that into your savings fund.
  6. Keeping all change in a jar is a good idea. Open a savings/christmas club with it when its full and keep adding each time the jar gets full. A savings account will give you interest. Investing in stocks is a better idea.
  7. Pay yourself first on payday...put it in a savings account at the the same bank you cash your check....I usually put in $100 and the small change....like if I make $432.33 I put in $132.33 and use the rest for bills and expenses....the savings add up quick....when it reaches $1000 get a CD.
  8. The best option is a 401k. Is that available to you? If so, definitely take advantage of it because it’s free money from your employer. If not, set up an automatic draft from your checking to go into savings. If that doesn’t work for you- then try to place a portion of each paycheck into savings. Some employers will automatically split paychecks into different accounts. After you have 500-1000 in savings, purchase a cd so you can earn more interest.
  9. check out http://www.vatsinvesting.com . There are many blog items that can answer your questions.
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