How do you save your money?

I make sure that I always pay myself first. As soon as I get my check I put some money into my savings and just pretend it is not there. A good online account that grows a high interest rate would be nice.

You need to plan yo money for monthly investments like recuring deposits, if you are a bussiness man then another way to save the money daily deposits in bank, so that your daily or monthly investments are very low but your return may be low, when you withdraw the money then the figure will be big. If you dont have interest to investment with these schemes then you may go for fixed term deposits.

I have some ideas that have worked for me! Collect change. I have a plastic container that I drop all my change in everyday. At the end of the month I take it to the bank and cash it in. It is usually enough to cover my credita card bill or just to save effortlessly. Angel Food. If you are in the US, use the internet to find out about Angel Food Ministries. It is a church group that sells food packages cheap and doesn't account for income of anyone. It is a great deal! Plasma. I havem't had to sell plasma in some time but I know it is a qquick source of income if I need it. Coupons. By on sale. Use coupons. Nuff said. More income. I have a system at my web site (see my pic for the address) that is created to help people to make more money online. I hope this helps you get started!

just control yourself,dont buy anything you dont need although people else have.i ever envy sb who have something interested me.but when i really buy same thing,i just found i dont need it,like this,i have wasted a lot of money.last semester i almost broke.

Hello,yenwie! I am a retired person and getting pension every month.Out of the pension amount I save 30% in an account which i can not withdraw for a period of five years.after five years i would get a sizable amount which i can utilise for some better investment.so I advice you to save at least 25% of your monthly income either in a bank or invest in the share market which may fatch a good return for you at the time of your needs.thanx.

In most of the occasion we don't care abt the money If we hv the money in the saving/current account. We do purchasing/withdraw frequently... but here is a question how to save. To my mind there is a good way to save the money by investing the money in fixed deposite, life insurance, mutual funds, etc... and that is the good way to save the money from unwanted expends. and that money will bring a lot of happines in yr future, try to analyse it, best of luck...

A part of my earnings go the the recurring deposit in the bank and another part I invest n systematic investment mutual fund plans which is a ling term plan for my daughter.

I understand your problem not a problem in the beginning I was same like you itself, it is better every month as soon as you get the money you keep little money aside and try to buy some shares or ope mutual fund account and then try to save money in that if you file up for mutual fund the bank itself deducts the amount from your account every month and they will give you certain tenure for withdrawl if the market is good then your amount will become double some times thrice than what you paid initially or you can also save the amount in your bank , they will pay you interest. Hope you will manage your finance well. I am sure this time you will succeed. All the best!Happy savings..

hi when i first started working i couldn't save any money too. i've tried paying myself first but i end up with insufficient funds at the end of the month. then i started taking down every single expenditure every day. every fortnight i'll go through my expenditure and see what i can do without. then slowly but surely i started having excess every month. as for investing, i don't think it's a good time now. i just keep my money in high-yield accounts. do some research and see what is your risk appetite. then check out products that suits your needs and expectations. cheers ;p

Dear yenwie84 (820) This situation sounds more like an income problem than not getting enough interest in your account. Traditional methods of saving never makes you enough money. You need to get educated by reading more financial publications, take classes on finances and speaking to people who are wealthy not people who are poor. The worst mistake you can make is asking advice from the poor. If you want to be successful financially you need to start looking at investments in real estate. I have a real estate home based opportunity you may want to take advantage of. Feel free to visit my website at http://www.weprovidethecash.com/?id=realestatesolutions1. Best Wishes to your Financial Future Denise

I have an idea. Open a mysaving account, save 10% into that account. Give instruction to your banker to automatically transfer fund to your mysaving account on next day of your payday. I am sure. This worked for me. Now I am using that money for really very useful purpose. Cheers! There are many like you (including me in past). lol

My way is unique.Just don't go out,stay at home and you will have no chance to use your money.Hahaha...

I have a special way to save some money. My husband and I agree to put aside some fixed amount of money into an account. I hold the passbook and he knows the password. Neither of us can withdraw money from it unless we two go and do it together. It helps me resist the tempatation to overspend. It works. As days go by, small money accumulates. This might be a good way to save money if you don't have better ideas to invest.

Without a doubt, it's hard to save money. For many people, if it's in their hands, it's spent. Which is way it's absolutely imperative that you "pay yourself first" with each paycheck. Many people on here have been saying that you should do 10%. What if you can't? THEN DO WHAT YOU CAN. Some is better than none. It doesn't seem like savings account rates are keeping up with inflation anywhere. Mutual funds that have shown consistency even through downturns in the economy are a good bet, though I would caution you on using a financial adviser (unless there is limited charge to you). Some people also believe in the envelope system: When you get paid, put "X" amount into your savings, the money for necessary bills into one envelope, some money into a "food" envelope, some into a "gift" envelope, and the rest into "fun-money" envelope. Then you use what's in each envelope for its labeled purpose...and DON'T CHEAT! The beauty of this system is that, as long as you pay cash for everything (no credit or debit cards!) you will see how fast your money is disappearing and will automatically scrimp and save to get to your next paycheck. Credit and debit cards need to be avoided, or used for only specific things. For example, here in the US some credit cards are paying a 5% cash back bonus for gasoline purchases. So I use a credit card for all my gas purchases. Using credit cards for everything is dangerous since you don't see the money going out; you just get that big surprise once a month with your statement. Eating out is also very expensive. Where I live, to have a nice dinner out for our family of 4 will cost us at least $60. We could make that same dinner here at home for about $20. We've also planted a small garden this year, about 4 feet by 6 feet, just enough for leaf lettuce and radishes. Next year we're going to tweak it a little, planting less lettuce but adding carrots and peas. With what our family eats in lettuce, we figure we're saving about $50 per month alone! Finally, if you have insurance, you should do an insurance check at least every two years. We just did ours, with the result being a $100/year reduction in premiums.

In order to invest, you will need a minimum amount of money. Also, sometimes investments lose money in the short term, so it can be a bit risky. On the other hand, I started a mutual fund saving $25 a month - auto withdrawn from my bank account - when I was 18. I stopped depositing money into it when we ran into financial difficulties at 26, and it is still earning me $100 in interest each year. So why not try having your bank automatically withdraw a small amount from your account each month and put it into a mutual fund or other small investment?

You could try setting up a regular savings plan. Start with just a small amount each month, something you won't notice if you don't have it, and then try and increase it, and see if you can live within your monthly budget. Also, if you ever get any unexpected or additional money, always put a portion of it straight into your savings.

You must save at least 10% from your total earnings. Deposit the amount in bank & forget it. Or make arrangment for automatic deposit from your earnings. Also don't buy things without need. If necessary you can buy cheap things.

hi. how are you today? i save money in other ways. have u heard of ing direct? u are able to have the amount of money u want transfer from your bank to your ing direct account. it is really good. the interest is higher than in a regular bank. if u are a new customer. they give 25 dollars to start with, and the rest is up to u. the other way i save money is i put some aside every time i get paid. i do it to have it on hand in case of an emergency. its always good to have more than one source of money around.

You are not alone who is in a fix in investment. I used to have such a problem and still with the same problem but I am coming out slowly. With the little you can get buy shares in the companies and plantations like tea estate where I bought mine, recently the government offered the sale of network provider, people bought it as shares. Another thing you can do is buy a plot like what I did and now I am building rental houses because where I am living is marketable in living.

I feel your pain because I am trying to save money as well. I found out that savings account really dont make your money grow a significant amount. I do know that you can try out CDs or a Certificates of Deposit. It depends on how much money you have to put away without touching it and how much interest they will put towards it. Also, a high yield checking account is good. I just recently signed up with a bank that offers that. Its about 5% each month, which is better than nothing. Unfortunately there are some guidlelines, you cant just put it away or else its a less amount of interest.