How do you save up money?
@wondericequeen (7876)
Hong Kong
May 29, 2007 3:14am CST
We surely need a good amount for our retirement or urgent use someday in our lives. How do you save up money? Do you have any special method? How can you save more money from daily life expenses? Do you invest in funds/ stock market with your money, or do you just save it in the saving account? Any ideas would be cool!
1 person likes this
3 responses
@easy888 (10405)
• Australia
29 May 07
Hello.wondericequeen,honestly i do not save much every month,I think i can save most money if i stay at home for dinner more,in fact,since i have joined mylot,the amount i spent on food have greatly reduced since i do not dinner out after work as often as before.
I am interested in stock market but I do not have any invertment,as i know,the stock market in your country is doign very well at the moment and everyone seems to have earned good money there.May be you can also try to have some stock invertment if you have enough knowledge and can bear the risk .
GOod luck.
2 people like this
@wondericequeen (7876)
• Hong Kong
29 May 07
I guess it's a special bonus that you join mylot and your dinner goes down *laughs*. Yes our stock market is good, but who cam say how long it will sustain! I am investing too but I am very cautious at the same time. But I really do want to save more money, kind of feel the need when getting older! :P
2 people like this
@alpine_007 (1469)
• Pakistan
29 May 07
i used to invest my money in stock market but i think that there is alot of risk involved in it, so invest in the bank term deposit schemes, i have also made a blog to earn money the link of the blog is porschemotorsports.blogspot.com, i am also planning to update ny blog with some new posts and new topics, i am saving money on fuel since it's prices have gone up, i am saving fuel by some fuel driving techniques.
2 people like this
@writersedge (22563)
• United States
10 Sep 07
Hi, it's your turn, writing to your old posts.
My husband and I were putting our change from what we spent in a jar. Then when the jar filled, decide where to put it, like savings account, then enough savings could go in a certificate of deposit (CD). But we fell on hard times and it is not going to savings. It went for emergencies (furnice breaking down, etc.). So some money got to savings, but not for very long. It would have nice if we could have built up enough for savings to become CDs.
Luckily, in the past, we both have had good jobs where we could put some money into retirement funds. So we both have a little in each one.
So it can all start with loose change. Small amounts of money you get back from making every day purchases that you put in a jar. We had $35 US one month.
I would like to try Lending Tree. It's a place where you can loan money and get the money plus some interest back, but we are still on hard times. Lending Tree is on the internet. Looks interesting, but I don't have the money right now and I don't know how risky it is. They tell you to loan small amounts to different borrowers to cut your losses. So that should tell you something. Hope this gives you ideas for saving and making money in the future.
